Regulatory Alerts2017-06-13
Added
Revision of Annual Fees for Approved Exchanges and Approved Clearing Houses
The Monetary Authority of Singapore issues Circular No. MPI 01/2017 to revise annual fees for Approved Exchanges and Approved Clearing Houses effective 1 July 2017. This is the first fee adjustment since 2005, implemented to improve cost recovery, with fees now calculated based on the preceding calendar year's annual turnover. The revised fees are phased in over two billing cycles, increasing the lowest band from $175,000 to $250,000 and the highest band from $525,000 to $750,000 by 1 July 2018.
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