Regulatory Alerts2021-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No. 2) Rules 2021
The Financial Services Commission issued Amendment No. 2 to the Consolidated Licensing and Fees Rules 2021, amending the First Schedule of the principal 2008 regulations. This amendment mandates an additional annual fee of Rs 200,000 (USD5,000) for entities authorized to operate as Special Purpose Funds. The revised licensing framework and fee structure officially take effect on 17 April 2021.
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