• GENE Part A4.1 GENE Part A4.1 The fees table

    Editorial changes (as from 1st January 2016).

    • GENE A4.1.1 Base fees

      Base fees are determined by the regulated activities the authorised firm conducts or intends to conduct, as set out below:

      Application fee by regulated activities (US $)
      Deposit taking 40,000
      Providing credit facilities 40,000
      Effecting a contract of insurance or carrying out a contract of insurance (otherwise than as a QFC captive insurer) 40,000
      Effecting a contract of insurance or carrying out a contract of insurance as a QFC captive insurer that is not a protected cell company 5,000
      Effecting a contract of insurance or carrying out a contract of insurance as a QFC captive insurer that is a protected cell company 8,000, plus 1,000 for each cell (within the meaning given by CAPI)
      Dealing in investments (as principal) 25,000
      Dealing in investments (as agent), except if carried on only for the purpose of insurance mediation business or captive insurance management 10,000
      Operating collective investment schemes 10,000
      Managing investments, except if carried on only for the purpose of insurance mediation business or captive insurance management 10,000
      Arranging deals in investments, except if carried on only for the purpose of insurance mediation business or captive insurance management 10,000
      Arranging credit facilities 10,000
      Advising on investments, except if carried on only for the purpose of insurance mediation business or captive insurance management 10,000
      Providing custody services 10,000
      Arranging the provision of custody services 10,000
      Dealing in investments (as agent), managing investments, arranging deals in investments, advising on investments or assisting in the administration or performance of contracts of insurance, if carried on only for the purpose of insurance mediation business or captive insurance management 1,000

      Amended by RM/2018-4 (as from 1st August 2018).