Regulatory Alerts2012-03-27
Added · Updated
Securities Industry (Fee) Rules, 2012
The Securities Commission establishes fee structures for entities registered under the Securities Industry Act, 2011, including application, registration, and annual renewal fees for marketplaces, clearing facilities, broker-dealers, and investment advisors. Annual renewal fees are payable by January 31 each year, with late payments incurring a charge of one-twelfth of the annual fee per outstanding month. Transitional provisions defer the new annual renewal fees until December 30, 2012, for persons registered under the former Act, while old registration fees remain effective until that date.
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