Monetary Authority (Fees) Regulations

Gazette No. 125 dated 13th December, 2012.

THE MONETARY AUTHORITY LAW (2011 REVISION)

THE MONETARY AUTHORITY LAW (2011 REVISION)

The Governor, in exercise of the powers conferred by section 46 of the Monetary Authority Law (2011 Revision), makes the following Regulations - These Regulations may be cited as the Monetary Authority (Fees) Regulations, 2012. The Monetary Authority Law (2011 Revision) is amended by repealing Schedule 2 and substituting the following Schedule - “SCHEDULE 2 (Section 46)

Fees

Column 1 Column 2 Column Item Administrative Services Fee

Letter confirming registration or licensed status of Authority regulated entity and status of regulatory filings

Approval by the Authority of the appointment of a new Director of a licensee

$1,000 Voluntary surrender of a licence or registration certificate to the Authority

Citation Repeal and substitution of Schedule 2 of the Monetary Authority Law (2011 Revision) - fees

Application for a change in shareholding of a licensee

$1,000 Application for the appointment of a Senior Officer or Manager to a licensee

$1,000 Application for the variation of the terms of a licence

$1,000 Application for change of business plan of a licensee

$1,000 Application for a certified copy of a licence or certificate

Application for an extension to the filing of audited financial statements

Application for an exemption or waiver

Application for the use of a restricted word

Application for a change of an appointed service provider to a licensee

Application for a change of name

Filing for amendments or supplements of offering documents

Photocopying of - (a) applications for registering or licensing mutual funds; (b) reporting forms; (c) offering documents; or (d) other constitutive documents

Auditor’s application for approval for local audit sign-off”.

$15,000

Made in Cabinet the 13th day of November, 2012.

Kim Bullings

Clerk of the Cabinet.

These Regulations were approved by the Legislative Assembly on the 16th day of November, 2012, by Government Motion No. 4 of 2012-13, in compliance with section 46 of the Monetary Authority Law (2011 Revision).

Zena Merren-Chin

Clerk of the Legislative Assembly.