S.L. 637.1 Art. 3Application fee in relation to the provision of crowdfunding services.

(1) A legal person established in Malta intending to provide crowdfunding services shall, upon submission of an application to the competent authority for authorisation in accordance with article 6(1) of the Act and Article 12(1) of the ECSP Regulation, pay to the competent authority an application fee of four thousand and five hundred euro (€4,500) with respect to such application.

(2) Where a person authorised under the Act and the ECSP Regulation to provide crowdfunding services intends to provide crowdfunding services in addition to those which it is authorised to provide, it shall, upon submission of an application to the competent authority in accordance with article 7(2) of the Act and Article 13(2) of the ECSP Regulation, pay to the competent authority the application fee established in sub-regulation (1), which application fee shall be reduced by twenty five percent (25%).

(3) Where a person authorised under the Act and the ECSP Regulation to provide crowdfunding services intends to stop providing one (1) or more, but not all, of the said services, it shall, upon the submission of a request to the competent authority to modify its authorisation accordingly, pay to the competent authority a modification fee of one thousand euro (€1,000).