S.L. 370.52 ст. 13Fees in relation to European AIFMs. S.L. 370.22.   S.L. 370.22.      S.L. 370.22.

(1) A European AIFM that intends to establish a branch in Malta in accordance with regulation 7 of the Investment

Services Act (Alternative Investment Fund Manager) (Passport) Regulations shall, upon being notified by the European regulatory authority of its home Member State in accordance with Article 33(4) of the AIFM Directive as transposed in national law, pay the competent authority a notification fee as established in the First Schedule, as applicable.

(2) A European AIFM that has established a branch in Malta in accordance with regulation 7 of the Investment Services Act

(Alternative Investment Fund Manager) (Passport) Regulations shall, subject to the provisions of sub-regulation (3), pay to the competent authority an annual supervisory fee as established in the Second Schedule, as applicable.

(3) The first annual supervisory fee due in accordance with sub-regulation (2) shall be paid to the competent authority on the date when the branch of the European AIFM can commence its business in Malta in accordance with regulation 7(4) of the Investment

Services Act (Alternative Investment Fund Manager) (Passport) Regulations and annually thereafter on the date when such branch was able to commence its business in Malta in accordance with the said provision.