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).