S.L. 345.28 Art. 8AFees in relation to covered bond programme. 

(1) A credit institution that intends to issue a covered bond programme shall, upon submission of an application to the competent authority for approval in accordance with article 31D of the

Act, pay to the competent authority an application fee as established in the Fourth Schedule.

(2) A credit institution shall, subject to the provisions of sub-regulation (3), pay to the competent authority an annual supervisory fee as established in the Fourth Schedule with respect to every covered bond programme which was approved by the competent authority.

(3) The first annual supervisory fee due in accordance with sub-regulation (2) shall be paid to the competent authority on the date when the covered bond programme is approved by the competent authority and annually thereafter on the date when such approval 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 a sponsor is registered under the Act, 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 st authority on the 31st January of each calendar year.