GENE 10.8.2 Late Fees

(1) A fee, of the relevant amount, is payable by the person concerned if a failure referred to in rule 10.8.1 continues for 2 business days or longer after the specified date for compliance.
(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 failure continues.
Note The Regulatory Authority may reduce, waive or refund such a fee (see rule 10.2.3).
Inserted by QFCRA RM/2017-3 (as from 1st April 2017)
Amended by QFCRA RM/2020-6 (as from 15th October 2020).