S.L. 345.28 Art. 5Fees in relation to multilateraltrading facilities. 

(1) A person that intends to provide, or hold himself out as providing, the investment service set out in item 9 of the First Schedule to the Investment Services Act shall, upon submission of an application to the competent authority for a licence in accordance with article 5 of the Investment Services Act, pay to the competent authority an application fee as established in the First Schedule, as applicable.

(2) A multilateral trading facility shall, subject to the provisions of sub-regulation (4), pay to the competent authority an annual supervisory fee as established in the Second Schedule, as applicable.

(3) Notwithstanding the provisions of sub-regulation (2), the first annual supervisory fee due to the competent authority shall be the annual supervisory fee established in the Second Schedule, as applicable, prorated according to the period remaining between the date when the multilateral trading facility is licensed as such and the end of the calendar year in which such licence was granted.

(4) The first annual supervisory fee due in accordance with sub-regulation (3) shall be paid to the competent authority on the date when the multilateral trading facility is licensed as such and every annual supervisory fee following the first annual supervisory fee which is due in accordance with sub-regulation (2) shall be paid to the competent authority on the 1st January of each calendar year.