Regulatory Alerts2024-02-28
Added · Updated
Financial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2024
The Financial Services Commission issued Amendment No. 4 to the Consolidated Licensing and Fees Rules 2024, updating fee schedules for licensed financial entities. The amendment establishes a USD 400 processing fee and a USD 800 fixed annual fee for multiclass collective investment schemes and closed-end funds. A clarifying footnote restricts these rates to variable capital company funds operating with a multi-class structure, and the rules take effect on 2 March 2024.
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