S.L. 370.52 Art. 7Fees in relation to the provision of administrative services.        S.L. 386.15.

(1) A person that intends to provide licence holders or equivalent authorised persons and scheme overseas, be it in or from Malta, with administrative services which do not themselves constitute a licensable activity under the Act shall, upon submission of an application to the competent authority for recognition in accordance with article 9A of the Act, pay to the competent authority an application fee as established in the First Schedule, as applicable, with respect to such application.

(2) Without prejudice to the provisions of sub-regulation

(1), a recognised incorporated cell company that intends to provide incorporated cells with administrative services, which does not itself constitute a licensable activity under the Act, in accordance with regulation 3 of the Companies Act (Recognised Incorporated Cell

Companies) Regulations shall, upon submission of an application to the competent authority for recognition in accordance with article 9A of the Act, pay to the competent authority an application fee as established in the First Schedule, as applicable, with respect to such application.

(3) A person, including a recognised incorporated cell company, that has been granted recognition under the Act to provide administrative services which do not themselves constitute a licensable activity under the said Act 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.

(4) The annual supervisory fee due in accordance with sub-regulation (3) shall be paid to the competent authority on the date when a person as referred to in the said sub-regulation is granted recognition under the Act and annually thereafter on the date when such recognition was granted.