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8. FINTECH LAB FEES
FINANCIAL SERVICES LEGISLATION
RULES
FEES RULES
Guidance: Purpose of this rulebook
SCHEDULE 5: FEES PAYABLE TO THE REGISTRAR OF COMPANIES
SCHEDULE 5-1: ADMINISTRATIVE SERVICES FEES PAYABLE TO THE REGISTRAR OF COMPANIES *
SCHEDULE 5-2: Fees payable to the Registrar of Companies in respect of filing an annual return, annual confirmation of accuracy of information in the register or accounts in relation to each financial year
SCHEDULE 6: ANNUAL SUPERVISION FEES PAYABLE TO THE AFSA
SCHEDULE 7: APPLICATION FEES PAYABLE TO THE AFSA IN RESPECT OF WAIVERS, MODIFICATIONS AND OTHER RELIEFS
SCHEDULE 8: FINTECH LAB FEES
SCHEDULE 9: OTHER FEES
SCHEDULE 10: LATE FEES PAYABLE TO THE AFSA*
SCHEDULE 11: LATE FILING FEES PAYABLE TO THE REGISTRAR OF COMPANIES
Entire Act

8. FINTECH LAB FEES

8.1. Application and other fees payable to the AFSA by the FinTech Lab firms

8.1.1. Pre-application fee to the FinTech Lab

A Person seeking to Test and/or Develop the FinTech Activities within the FinTech Lab must pay to the AFSA the pre-application fee specified in Schedule 8 prior to commencing any eligibility assessment in accordance with FINTECH 2.4.2.

8.1.2. Application fees to the FinTech Lab

In accordance with FINTECH 2.4.3, once the AFSA is satisfied that the Person meets the eligibility criteria, a Person seeking to Test and/or Develop the FinTech Activities within the FinTech Lab must pay to the AFSA the application fees specified in Schedule 8.

8.1.2-1. Application fees for modification of a Licence

In accordance with FINTECH 2.5.2, a FinTech Lab Participant, which intends to change the scope of its Licence, must pay to the AFSA the application fees specified in Schedule 8.

8.1.3. Migration fees to full authorisation

In accordance with FINTECH 2.8.3, a FinTech Lab Participant, which intends to migrate to the full authorisation and supervisory regime under the AIFC regulatory framework and deploy its FinTech Activities on a broader scale, must pay to the AFSA the migration fees specified in Schedule 8.

8.2. Supervision fees payable to the AFSA by the FinTech Lab Participants

  1. A FinTech Lab Participant must pay to the AFSA the supervision fee specified in Schedule 8.
  2. A FinTech Lab Participant, whose Licence has been extended beyond 2 years from the date of its issuance, must pay to the AFSA the supervision fee specified in accordance with FEES 3.

8.2-1. Supplementary fees

A FinTech Lab Participant or an applicant seeking to Test and/or Develop the FinTech Activities within the FinTech Lab must pay to the AFSA any supplementary fee required by the AFSA in accordance with FEES 6.

8.3. Possibility of fee deferral

The Chief FinTech Officer may defer the time for payment of a fee on a case-by-case basis if an applicant or FinTech Lab Participant cannot make the required payment within the prescribed period on reasonable grounds.