GENE 10.7.2 Late fees

(1) A fee, of the relevant amount, is payable by a person for a contravention by the person to which this Part applies if the contravention continues for 2 business days or longer.
(2) The relevant amount is the total of:
(a) QR 800; and
(b) QR 400 for each business day (or part of a business day) after the 2nd business day during which the contravention continues.
Note The Regulatory Authority may reduce, waive or refund such a fee (see rule 10.2.3).
Editorial changes (as from 1st January 2016)
Amended by QFCRA RM/2020-6 (as from 15th October 2020).