S.L. 370.51 Art. 7Fees in relation to multiple authorisations and, or investment services. 

(1) Notwithstanding the provisions of regulations 3 to

6, where more than one (1) application fee is due in accordance with the said regulations, such application fees, other than the highest of the said application fees, shall be reduced by twenty five percent (25%).

(2) Notwithstanding sub-regulation (1) and regulation 5(1) of the Investment Services Act (Fees) Regulations, where an application fee is due in accordance with regulation 5 and, or 6 in addition to any one (1) or more application fees which are due in accordance with regulations 3 and, or 4 and regulation 3 of the Investment Services Act

(Fees) Regulations, such application fees, other than the highest of the said application fees, shall be reduced by twenty five percent (25%).

(3) Notwithstanding the provisions of these regulations and without prejudice to regulation 5(2) of the Investment Services Act

(Fees) Regulations, where a person authorised under the Act and, or licensed under the Investment Services Act intends to obtain an additional authorisation and, or to provide an additional investment service, the application fee due by such person in accordance with these regulations with respect to every such authorisation and, or investment service shall be reduced by twenty five percent (25%):

Provided that, for the purposes of this sub-regulation:

(a) "authorisation" means an authorisation as required by regulated markets and central securities depositories in accordance with articles 4 and 24 of the Act respectively, as applicable;

(b) "authorised" means authorised as a regulated market and, or a central securities depositary in accordance with articles 4 and 25 of the Act, as applicable;

(c) "investment service" means any of the investment services referred to in items 9 and 11 of the First Schedule to the

Investment Services Act; and

(d) "licensed" means licensed as an investment service licence holder in accordance with article 6 of the Investment

Services Act, to provide, or hold himself out as providing, the investment service set out in item 9 and, or 11 of the First

Schedule to the Investment Services Act, as applicable.

(4) Notwithstanding the provisions of regulations 3 to 6 where more than one (1) annual supervisory fee is due in accordance with the said regulations, such annual supervisory fees, other than the highest of the said annual supervisory fees, shall be reduced by twenty five percent (25%).

(5) Notwithstanding sub-regulation (4) and regulation 5(4) of the Investment Services Act (Fees) Regulations, where an annual supervisory fee is due in accordance with regulations 5 and, or 6 in addition to any one (1) or more annual supervisory fees which are due in accordance with regulations 3 and, or 4 and regulation 4 of the

Investment Services Act (Fees) Regulations, such annual supervisory fees, other than the highest of the said annual supervisory fees, shall be reduced by twenty five percent (25%).