applicant seeking 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 already 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).|