Securities Investment Business (Licence Applications and Fees) (Amendment) Regulations, 2024 (SL 76 of 2024)

Securities Investment Business Act (2020 Revision) SECURITIES INVESTMENT BUSINESS (LICENCE APPLICATIONS AND FEES)

PUBLISHING DETAILS

Regulation 1

Securities Investment Business Act (2020 Revision) SECURITIES INVESTMENT BUSINESS (LICENCE APPLICATIONS AND FEES) In exercise of the powers conferred by section 11 of the Securities Investment Business Act (2020 Revision), the Cabinet, after consultation with the Authority, makes the following Regulations — Citation and commencement (1) These Regulations may be cited as the Securities Investment Business (Licence Applications and Fees) (Amendment) Regulations, 2024. (2) These Regulations come into force immediately after the Securities Investment Business (Amendment and Validation) Act, 2024 comes into force.

Regulation 2

General amendments to the Securities Investment Business (Licence Applications and Fees) Regulations 2003 - references to Schedules The Securities Investment Business (Licence Applications and Fees) Regulations, 2003 are amended as follows — (a) by deleting the words “the First Schedule” and “First Schedule” wherever they appear and substituting the words “Schedule 1”; and (b) by deleting the words “the Second Schedule” and “Second Schedule” wherever they appear and substituting the words “Schedule 2”.

Amendment of Schedule 2 of the Securities Investment Business (Licence Applications and Fees) Regulations, 2003 – fees payable in respect of a securities investment business licence The Securities Investment Business (Licence Applications and Fees) Regulations, 2003 are amended by deleting Schedule 2 and substituting the following Schedule — “SCHEDULE 2 (regulation 4) Fees Payable in Respect of a Securities Investment Business Licence Item Type/Category of licence

Application fee Fee payable on first grant Annual renewal fee (a)(i) Broker dealer 1,000 (a)(ii) If broker dealer is broker member 3,000 (b) Securities arranger 1,000 5,000 Securities manager 1,000 (d) Securities advisor 1,000 (e) Market maker 1,000 (f) Each additional licence after the first licence is granted for (a), (c), (d) or (e) above

4,000

Regulation 3

(g) Restricted licence (for all types/categories of licences for regulated activity except for — (a) a market maker; and (b) securities arranger 1,000 5,000 (h) Licence under (a)(i), (c), (d) or (e) where a licence is held by the applicant (or the parent of the applicant) under any other of the regulatory laws 4,500 Made in Cabinet the 17th day of December, 2024. Kim Bullings Clerk of the Cabinet