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These Regulations may be cited as the Banks and Trust Companies (Licence Applications and Fees) (Amendment) Regulations, 2025. Regulation 2 Banks and Trust Companies (Licence Applications and Fees) (Amendment) Regulations, 2025 SL 66 of 2025\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Amendment of regulation 6 of the Banks and Trust Companies (Licence Applications and Fees) Regulations (2021 Revision) - fees payable for renewal of licence 2. The Banks and Trust Companies (Licence Applications and Fees) Regulations (2021 Revision) are amended in regulation 6 as follows \u2014 (a) by deleting paragraph (a) and substituting the following paragraphs \u2014 (aa)  The calculation of the assets for the determination of the relevant fee for each asset category under paragraph (a) is based on the average of total assets at the end of each of the four calendar quarters.\u201d; and \u201c(a)  an \u201cA\u201d licence alone, granted without restrictions as to the carrying on of banking business within the Islands depending on the asset category listed in column 1 with the fee for the respective year listed in columns 2 to 5 \u2014 Column 1 Column 2 Column 3 Column 4 Column 5 Asset Category (i) Licensees with assets of not more than US$1.0 billion CI$1,000,000 CI$1,000,000 CI$1,000,000 2029 and thereafter CI$1,000,000 (ii) Licensees with assets of more than US$1.0 billion but not more than US$3.0 billion CI$1,000,000 CI$1,200,000 CI$1,500,000 CI$1,750,000 (iii) Licensees with assets of more than $US3.0 billion CI$1,000,000 CI$1,500,000 CI$1,750,000 CI$2,250,000; Banks and Trust Companies (Licence Applications and Fees) (Amendment) Regulations, 2025 Regulation 2 SL 66 of 2025 (b) by deleting paragraph (d) and substituting the following paragraphs \u2014 \u201c(d)  an \u201cA\u201d licence and a Trust licence granted without restrictions as to the carrying on of banking business within the Islands depending on the asset category listed in column 1 with the fee for the respective year listed in columns 2 to 5 \u2014 Column 1 Column 2 Column 3 Column 4 Column 5 Asset Category (i) Licensees with assets of not more than US$1.0 billion CI$1,000,000 CI$1,000,000 CI$1,000,000 2029 and thereafter CI$1,000,000 (ii) Licensees with assets of more than US$1.0 billion but not more than US$3.0 billion CI$1,000,000 CI$1,200,000 CI$1,500,000 CI$1,750,000 (iii) Licensees with assets of more than $US3.0 billion CI$1,000,000 CI$1,500,000 CI$1,750,000 CI$2,250,000; Regulation 2 Banks and Trust Companies (Licence Applications and Fees) (Amendment) Regulations, 2025 SL 66 of 2025 (da)  The calculation of the assets for the determination of the relevant fee for each asset category under paragraph (d) is based on the average of total assets at the end of each of the four calendar quarters.\u201d. Made in Cabinet the 17th day of December, 2025. 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and\n\n\u201c(a)  an \u201cA\u201d licence alone, granted without restrictions as to the carrying on\nof banking business within the Islands depending on the asset category\nlisted in column 1 with the fee for the respective year listed in columns\n2 to 5 \u2014\n\nColumn 1\nColumn 2\nColumn 3\nColumn 4\nColumn 5\nAsset\nCategory\n\n(i) Licensees\nwith assets of\nnot more than\nUS$1.0 billion\n\n2026\n\nCI$1,000,000\n2027\n\nCI$1,000,000\n2028\n\nCI$1,000,000\n2029 and\nthereafter\n\nCI$1,000,000\n(ii) Licensees\nwith assets of\nmore than\nUS$1.0 billion\nbut not more\nthan US$3.0\nbillion\nCI$1,000,000\nCI$1,200,000\nCI$1,500,000\nCI$1,750,000\n\n(iii) Licensees\nwith assets of\nmore than\n$US3.0 billion\n\nCI$1,000,000\n\nCI$1,500,000\n\nCI$1,750,000\n\nCI$2,250,000;\n\nBanks and Trust Companies (Licence Applications and Fees)\n(Amendment) Regulations, 2025\nRegulation 2\n\nc\nSL 66 of 2025\nPage 5\n\n(b) by deleting paragraph (d) and substituting the following paragraphs \u2014\n\n\u201c(d)  an \u201cA\u201d licence and a Trust licence granted without restrictions as to the\ncarrying on of banking business within the Islands depending on the\nasset category listed in column 1 with the fee for the respective year\nlisted in columns 2 to 5 \u2014\n\nColumn 1\nColumn 2\nColumn 3\nColumn 4\nColumn 5\nAsset\nCategory\n\n(i) Licensees\nwith assets of\nnot more than\nUS$1.0 billion\n\n2026\n\nCI$1,000,000\n2027\n\nCI$1,000,000\n2028\n\nCI$1,000,000\n2029 and\nthereafter\n\nCI$1,000,000\n(ii) Licensees\nwith assets of\nmore than\nUS$1.0 billion\nbut not more\nthan US$3.0\nbillion\nCI$1,000,000\nCI$1,200,000\nCI$1,500,000\nCI$1,750,000\n\n(iii) Licensees\nwith assets of\nmore than\n$US3.0 billion\n\nCI$1,000,000\n\nCI$1,500,000\n\nCI$1,750,000\n\nCI$2,250,000;\n\nRegulation 2\nBanks and Trust Companies (Licence Applications and Fees)\n(Amendment) Regulations, 2025\n\nPage 6\nSL 66 of 2025\nc\n\n(da)  The calculation of the assets for the determination of the relevant fee for each asset\ncategory under paragraph (d) is based on the average of total assets at the end of each\nof the four calendar quarters.\u201d.\nMade in Cabinet the 17th day of December, 2025.\n Kim Bullings\nClerk of the Cabinet","akn_extracted_at":"2026-06-22 15:41:17.788774+00","cms_id":"2025-0066S","law_type":"amending","year":"2025","number":"0066S","title":"Banks and Trust Companies (Licence Applications and Fees) (Amendment) Regulations, 2025 (SL 66 of 2025)","status":"spent"},"provenance":{"files":[{"file_id":"6866","expr_id":"2088","kind":"akn_xml","filename":"2025-0066S.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2025\/2025-0066S\/2025-0066S.akn.xml","content_md5":"380e90e75f5160726eb17a0481da35d7","byte_size":"6364","http_last_modified":null,"fetched_at":"2026-06-22 15:41:17.828726+00"},{"file_id":"4175","expr_id":"2088","kind":"pristine_pdf","filename":"2025-0066S.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2025\/2025-0066S\/2025-0066S.pdf","storage_path":"\/Users\/q\/kyleg-data\/pristine\/AMENDING\/2025\/2025-0066S\/2025-0066S.pdf","content_md5":"adb66fab4bf8eab7468b811c699b437f","byte_size":"208568","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.21362+00"},{"file_id":"4176","expr_id":"2088","kind":"working_pdf","filename":"2025-0066S.pdf","source_url":"\/cms\/images\/LEGISLATION\/AMENDING\/2025\/2025-0066S\/2025-0066S.pdf","storage_path":"\/Users\/q\/kyleg-data\/working\/AMENDING\/2025\/2025-0066S\/2025-0066S.pdf","content_md5":"adb66fab4bf8eab7468b811c699b437f","byte_size":"208568","http_last_modified":null,"fetched_at":"2026-06-16 04:01:11.21362+00"}],"paragraph_count":22,"latest_history":null},"quality":{"expr_id":"2088","doc_id":"2088","quality_state":"needs_review","quality_score":"76","needs_human_review":"t","deterministic_categories":"{duplicate_text,page_header_footer_noise}","llm_categories":"{}","repair_actions":"{collapse_duplicate_text,strip_page_furniture}","finding_severity_counts":"{\"medium\": 2}","finding_summary":"repeated line furniture detected: amendment regulations 2025 x5; 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