PRIV 9.2.1 Application Fees

(1) An applicant under these rules for registration of a scheme established in the QFC must pay the Regulatory Authority an application fee of the relevant amount.
(2) The fee must be paid when the application is filed with the Regulatory Authority.
(3) The Regulatory Authority may also, by written notice given to the applicant, require the applicant to pay a supplementary fee to the authority not later than the time stated in the notice if it expects to incur substantial costs in dealing with the application.
(4) If subrule (2), or a notice under subrule (3), is not complied with, the application is taken not to have been made until the fee is paid.
(5) The fee is non-refundable, whether or not the application is successful.
(6) In this rule:

relevant amount, for a scheme, means—
(a) if the scheme is not an umbrella scheme or is an umbrella scheme with only 1 subscheme — US$ 2 000; or
(b) if the scheme is an umbrella scheme with 2 or more subschemes — whichever is the lesser of the following:
(i) US$ 1 000 x number of subschemes;
(ii) US$ 10 000.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)