International Financial Services (Licence Fees) Regulations, 2009

Statutory I~zstrurnents Supplerwzt No. 75 S~pplernerzto Official Gazette No. 108 dated 7th December, 2009 S.I. 2009 No. 134 International Financial Services Act Cap. 325 INTERNATIONAL FINANCIAL SERVICES (LICENCE FEES) REGULATIONS, 2009 The Central Bank, in exercise of the powers conferred upon it by
section 109 of the Irzterrzational Firzarzciul Services Act and with approval
of'the Minister. makes the following Regulations:

1. These Regulations may be cited as the I~zternatio~~alFi~za~zcial
   Services (Licence Fees) Regulatiorzs, 2009.
2. (1) The fees to be paid by an applicant by virtue of
   sections 1 O(3) and 12(3) of the Act are as follows:
   (n) where the company is in the business of receiving foreign money deposits (i) on the issue of a licence ................................... Sl00 000 (ii) on or before 1st Janua~y of each year after the year in which the licence was issued ........................... $1 00 000; ) where the company is in the business involving non-deposit thg international financial selvice (i) on the issue of a licence ..................................... $50 000 (ii) on or before 1st January of each year after the year in which the licence was issued ............................ $50 000. (2) The fees payable under these regulations are to be paid to the Accountant-General.

2 STATUTORY INSTRUMENT
S. I. 1980 3. The Off-Shore Banking (Licence Fees) Regulations, 1980
128. are hereby revoked.
Made by the Central Bank this 13th day of October, 2009. MARION WILLIAMS Governor. Approved by the Minister this 25th day of November 2009. DAVID J. H. THOMPSON Minister responsible for International Financial Services.