S.L. 370.52 · Investment Services Act (Fees) (S.L. 370.52)
S.L. 370.52 Art. 5Fees in relation to the provision of multiple investment services.
(1) Notwithstanding the provisions of regulation 3, where more than one (1) application fee is due in accordance with the provisions of the said regulation, such application fees, other than the highest of the said application fees, shall be reduced by twenty-five per cent (25%).
(2) Without prejudice to regulation 7(3) of the Financial
Markets (Fees) Regulations, where a person licensed under the Act to carry on any activity and, or provide any investment service intends to carry on any activity and, or provide any investment service in addition to those which it is licensed to carry on or provide, it shall upon submission of an application to the competent authority to have its licence modified accordingly, pay to the competent authority the application fee or fees established in these regulations and, or the Financial Markets (Fees) Regulations, as applicable, which application fee or fees shall be reduced by twenty-five percent (25%).
(3) Where a person licensed under the Act to carry on any activity and, or provide any investment services intends to stop carrying out one (1) or more, but not all, of the said activities and, or investment services, it shall upon the submission of a request to the competent authority to modify its licence accordingly, pay to the competent authority a modification fee of one thousand euro (€1,000).
(4) Notwithstanding the provisions of regulation 4, where more than one (1) annual supervisory fee is due in accordance with the provisions of the said regulation, such annual supervisory fees, other than the highest of the said annual supervisory fees, shall be reduced by twenty-five per cent (25%).
Änderungsgeschichte
- Amended by L.N. 61 of 2025