S.L. 370.52 Art. 6Fees in relation to collective investment schemes. 

(1) A collective investment scheme that intends to issue or create any units or carry on any activity in or from Malta shall, upon submission of an application to the competent authority for a licence in accordance with article 5 of the Act, pay to the competent authority an application fee which shall be the aggregate of the following:

(a) the scheme application fee established in the First Schedule, as applicable; and

(b) where applicable, the sub-fund application fee established in the First Schedule, as applicable, with respect to every sub-fund:

Provided that such application fee shall vary depending on whether such a collective investment scheme shall be a UCITS, a Retail AIF, a Professional Investor Fund or an Alternative Investment Fund.

(1a) Where a collective investment scheme that is licensed under the Act to issue or create any units or carry on any activity in or from Malta intends to create one (1) or more new sub-funds, such person shall pay to the competent authority the sub-fund application fee established in the First Schedule, as applicable, with respect to every such sub-fund.

(2) Where a collective investment scheme licensed under the Act to carry on any activity as any one (1) of the entities referred to in the proviso to sub-regulation (1) intends to carry on any activity as a different type of entity as referred to in the said proviso, 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 established in the said sub-regulation, which application fee shall be reduced by twenty-five percent (25%):

(3) A collective investment scheme that is licensed under the Act to issue or create any units or carry on any activity in or from Malta shall, subject to the provisions of sub-regulation (4), pay to the competent authority an annual supervisory fee which shall be the aggregate of the following:

(a) the scheme supervisory fee established in the Second Schedule, as applicable; and

(b) where applicable, the sub-fund supervisory fee established in the Second Schedule, as applicable, with respect to every sub-fund.

Provided that such annual supervisory fee shall vary depending on whether such a collective investment scheme is a UCITS, a Retail AIF, a Professional Investor Fund or an Alternative Investment Fund.

(4) The annual supervisory fee due in accordance with the provisions of sub-regulation (3) shall be paid to the competent authority on the date when a collective investment scheme is granted a licence under the Act and annually thereafter on the date when such a licence was granted.