GENE Part A4.2 GENE Part A4.2 Application fees
Editorial changes (as from 1st January 2016).
GENE A4.2.1 GENE A4.2.1(1) An
applicantseeking authorisation to conduct 1 or more regulated activities specified in the fees table must pay:(a) the fee specified for the regulated activity in the table (or, if the applicant intends to carry on more than 1 regulated activity, the highest fee specified in the table for any of those regulated activities); and(b) US$500 for each individual for whom approved individual status is sought.(2) However, if an individual for whom approved individual status is sought is from a captive insurance manager (within the meaning given by CAPI, rule 1.2.7), and is al approved to carry on the relevant controlled function, no additional fee is payable for his or her approval. Amended by RM/2018-4 (as from 1st August 2018).
GENE 4.2.1 Guidance1. These fees relate only to the
applicant'sinitial application.2. No separate application fee is be payable for registration with the CROor for the grant of a licenceby the QFC Authority. Amended by QFCRA RM/2011-2 (as from 1st July 2011).
GENE A4.2.2 Application fee for approval of individuals
An authorised firm submitting applications on behalf of additional individuals seeking approved individual status must pay an application fee of $500 in respect of each additional approved individual application.
Amended by QFCRA RM/2015-3 (as from 1st January 2016).