S.L. 645.2 Art. 6Fees due by European credit servicers.  S.L. 645.02.            S.L. 645.02.

(1) Where a European credit servicer intends to act as a credit servicer in Malta through the establishment of a branch in accordance with regulation 3 of the Credit Servicers and Credit

Purchasers Act (Passporting) Regulations, it shall pay to the competent authority, upon being notified by the European regulatory authority of the home Member State in accordance with Article 13(3) of the NPL

Directive and regulation 3(4) of the said regulations, a notification fee of three thousand euro (€3,000).

(2) Without prejudice to sub-regulation (1), where a

European credit servicer intends to act as a credit servicer in Malta through the establishment of a branch in accordance with regulation 3 of the Credit Servicers and Credit Purchasers Act (Passporting) Regulations, it shall pay to the competent authority, on the date as from when such European credit servicer is able to act as a credit servicer in accordance with regulation 3(5) of the said regulations and annually thereafter, an annual supervisory fee of six thousand euro (€6,000).