Consultation Paper No. AFSA-PSRD-CSP-2026-0004 from 15 July 2026 on Amendments to the AIFC Fees Rules
Please, press "PDF" button above to download a Consultation Paper.
INTRODUCTION
Why are we issuing this Consultation Paper (CP)?
The Astana Financial Services Authority (AFSA) has issued this Consultation Paper to seek suggestions from the market on proposed amendments to the AIFC Fees Rules.
Who should read this CP?
The proposals in this Consultation Paper will be relevant for entities operating, or seeking to operate, within the jurisdiction of the AIFC.
Terminology
Defined terms have the initial letter of the word capitalised, or of each word in a phrase. Definitions are set out in AIFC Glossary. Unless the context otherwise requires, where capitalisation of the initial letter is not used, the expression has its natural meaning.
What are the next steps?
We invite comments from interested stakeholders on the proposed amendments. All comments should be in writing and sent to the email specified below. When sending your comments by email, please use “Consultation Paper AFSA-PSRD-CSP-2026-0004” in the subject line. You may, if relevant, identify the organisation you represent when providing your comments. AFSA reserves the right to publish, including on its website, any comments you provide, unless you expressly request otherwise. Comments supported by reasoning and evidence will be given more weight by AFSA.
The deadline for providing comments on the proposed amendments is 20 August 2026. Once we receive your comments, we shall consider if any refinements are required to this proposal.
Following the public consultation, we may proceed with making relevant changes to reflect the points raised in the consultation. You should not act on the proposals until the amendments are enacted.
AFSA prefers to receive comments by email at consultation@afsa.kz.
Structure of this Consultation Paper
Part I – Background
Part II – Proposals
Part III – Public Consultation Questions
Annex 1 – Proposed Amendments to the AIFC Fees Rules
PART I – BACKGROUND
1. The AIFC Fees Rules (Fees Rules) set out the framework governing fees payable by entities operating, or seeking to operate, within the jurisdiction of the AIFC. Fees Rules also provide for the imposition of late fees and fines where entities fail to comply with applicable legal or regulatory requirements.
2. AFSA undertook a comprehensive review of the Fees Rules in 2025 to ensure that AFSA can continue to uphold high regulatory standards while supporting the sustainable development of the AIFC ecosystem. During the 2025 public consultation, Centre Participants generally supported periodic reviews of the fees framework while noting that future fee adjustments would be more manageable if implemented through a gradual and predictable approach rather than through infrequent, larger revisions.
3. In addition, AFSA has reviewed certain aspects of the fee framework introduced in December 2025 in light of stakeholder feedback and practical implementation experience. As a result, AFSA is proposing a number of targeted amendments to specific fee provisions to improve proportionality, clarity and operational effectiveness.
4. The proposed amendments are intended to enter into force on 1 January 2027.
PART II – PROPOSALS
Annual increase of 5% across all applicable fees for 2027-2029
5. AFSA developed a medium-term fee model to establish a transparent and structured approach to future fee adjustments, under which all fixed fees would be increased annually by 5% during the 2027–2029 period.
6. The model was informed by financial projections, expected developments in the AIFC, operational requirements associated with AFSA's supervisory functions, and broader macroeconomic conditions. In determining the adjustment rate, AFSA considered relevant factors, including projected operating costs, inflationary trends and exchange rate movements, and considers that the proposed cap of 5% provides an appropriate balance between maintaining an up-to-date fees framework and ensuring a predictable regulatory environment for Centre Participants.
7. The revised Schedules of Fees Rules set out the applicable fees for each respective year, thereby providing AIFC Participants with greater transparency, clarity, and predictability in relation to the fee framework. The proposed approach would establish a predefined adjustment mechanism within the Fees Rules, enabling Centre Participants to anticipate future fee changes and incorporate them into their business planning.
Removal of the variable fee component applicable to the annual supervision fee for Providing Money Services licence
8. During the 2025 public consultation, regulated firms raised concerns regarding the methodology for calculating the variable component of the annual supervision fee applicable to the Providing Money Services licence, particularly the scope of transaction values to be included in the calculation. In response, AFSA deferred the implementation of the variable fee for this licence category for one year to allow further engagement with market participants and consideration of the appropriate supervisory reporting framework.
9. Following further assessment and stakeholder engagement, AFSA has concluded that the variable fee component for the Providing Money Services licence should be removed from the AIFC Fees Rules. AFSA considers that this amendment will simplify the fee framework, improve regulatory clarity, and reduce the administrative burden on regulated firms while maintaining an appropriate and proportionate supervisory fee structure.
Amendment of the cap applicable to the variable fee component of the annual supervision fee for Operating a Loan Crowdfunding Platform and Operating an Investment Crowdfunding Platform licences
10. Separately, crowdfunding operators requested a review of the cap applicable to the variable component of the annual supervision fee. Stakeholders indicated that the existing cap may not appropriately reflect the scale and operational characteristics of crowdfunding business models.
11. Having considered the feedback received, AFSA proposes increasing the cap applicable to the variable fee component for Operating a Loan Crowdfunding Platform and Operating an Investment Crowdfunding Platform licences from USD 1 million to USD 5.3 million. AFSA considers that the proposed amendment would provide a more proportionate and practical fee structure for firms with higher fundraising volumes while continuing to support an appropriate supervisory cost-recovery framework.
Amendment of the late fees for failures to submit required notifications, reports, returns, or to comply with directions issued by AFSA
12. Under the current framework, a late fee is imposed only where non-compliance continues for more than three business days after the relevant deadline. In practice, this grace period has enabled a significant number of firms to submit required notifications, reports and returns after the prescribed deadline without incurring a late fee. AFSA therefore proposes to remove the grace period to strengthen timely compliance with regulatory obligations and reinforce reporting discipline.
13. AFSA considers that the proposed amendment would align the late fee regime with a more effective supervisory approach by ensuring that breaches are recognised immediately upon non-compliance. The amendment would also support the timely availability of supervisory information, including where required to respond to requests from other competent authorities. As reporting deadlines are predefined and well established, AFSA does not expect the proposal to impose an additional burden on regulated firms.
Introduction of fees for sub-funds of Umbrella Funds
14. Since early 2025, AFSA has observed an increase in the registration of Umbrella Funds, reflecting, in part, the cost efficiencies associated with umbrella structures compared with establishing multiple standalone funds. Under the current framework, however, the fees applicable to Umbrella Funds do not distinguish between a fund with a single Sub-Fund and one comprising multiple Sub-Funds, notwithstanding that each additional Sub-Fund may require a separate supervisory assessment of its investment strategy, operational arrangements, valuation methodology and risk management framework.
15. AFSA has benchmarked its approach against other international financial centres, where fee frameworks generally recognise the incremental supervisory effort associated with additional Sub-Funds through separate application or annual fees. Consistent with this approach, AFSA proposes to introduce a structured fee framework under which the standard application fee for a Domestic Fund would cover the Umbrella Fund and its first Sub-Fund, with an additional fee applying to each subsequent Sub-Fund. AFSA considers that this approach would better align the fee framework with the supervisory resources required while preserving the cost advantages of umbrella fund structures. AFSA welcomes views on whether a differentiated approach may be appropriate for certain umbrella fund structures, such as single-stock ETFs or other arrangements where Sub-Funds operate under substantially identical investment mandates.
Miscellaneous
16. AFSA has also proposed a number of miscellaneous, editorial and consequential amendments to the Fees Rules. These amendments are intended to improve the clarity, consistency and overall effectiveness of the fee framework and to ensure that the Rules remain accurate and aligned with the evolving regulatory environment.
17. The proposed amendments include various technical updates across the Fees Rules and related Schedules to reflect existing regulatory practices, improve drafting consistency and facilitate the effective application of the fee framework.
PART III – PUBLIC CONSULTATION QUESTIONS
Question 1: Do you prefer a pre-defined gradual annual fee increase of 5% from 2027 to 2029 or periodic ad hoc fee revisions when considered necessary by AFSA. What are the reasons for your preferred approach?
Question 2: Do you agree with the proposed amendments relating to: (i) the removal of the variable fee component applicable to the annual supervision fee for the Providing Money Services licence; (ii) the amendment of the cap applicable to the variable fee component of the annual supervision fee for Operating a Loan Crowdfunding Platform and Operating an Investment Crowdfunding Platform licences; and (iii) the amendment of the late fee regime? If not, please explain.
Question 3: Do you have any comments on the proposed introduction of fees for Sub-Funds of Umbrella Funds, including whether a differentiated fee approach may be appropriate for certain umbrella fund structures? Please explain.
Annex 1 – Proposed Amendments to the AIFC Fees Rules
PROPOSED AMENDMENTS TO THE AIFC FEES RULES
In these amendments, underlining indicates a new text and strikethrough indicates a removed text.
1. APPLICATION FEES PAYABLE TO THE AFSA
(…)
1.3. Approved Individuals
Fees are payable in respect of any application for an Approved Individual as specified in Schedules 1, 2, 3 or 6 8 depending on the nature of the entity on whose behalf the Approved Individual is acting.
(…)
9. OTHER FEES FEES PAYABLE TO AFSA IN RELATION TO FUNDS
9.1. Application to register a Non-Exempt Fund or provide notification for an Exempt Fund
9.1.1. A Domestic Fund Manager or the Person proposing to be the Domestic Fund Manager of a Domestic Fund which is a Non-Exempt Fund, who is applying to register the Non-Exempt Fund in accordance with CIS 4.2, must pay to the AFSA:
(a) the application fee specified in Schedule 9; and
(b) any supplementary fee required by the AFSA in accordance with FEES 6.
9.1.2. A Domestic Fund Manager or the Person proposing to be the Domestic Fund Manager of a Domestic Fund which is an Exempt Fund, who notifies the AFSA of their intention to offer the Units of such Fund, in accordance with CIS 4.7 must pay to the AFSA:
(a) the notification fee specified in Schedule 9; and
(b) any supplementary fee required by the AFSA in accordance with FEES 6.
9.2. Management of a Domestic Fund by a Foreign Fund Manager
9.2.1. A Foreign Fund Manager providing a declaration to the AFSA of its intention to manage a Domestic Fund which is an Exempt Fund or the Person proposing to be the Foreign Fund Manager of a Domestic Fund which is an Exempt Fund, who is applying to register the Exempt Fund in accordance with CIS 4.2 must pay to the AFSA:
(a) the application fee specified in Schedule 9; and
(b) any supplementary fee require by the AFSA in accordance with FEES 6.
(…)
SCHEDULE 1: APPLICATION FEES PAYABLE TO THE AFSA FOR REGULATED ACTIVITIES
1.1 Application fees for applying for Licence to carry on Regulated Activities
Application fees are determined by the activities the Authorised Firm conducts or intends to conduct, as set out below:
|
Application fee by activities |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|
Operating a Representative Office |
|
4 630 |
4 860 |
|
Managing a Collective Investment Scheme |
|
7 720 – in relation to Exempt Fund 11 030 – in relation to Non-Exempt Fund |
8 110 – in relation to Exempt Fund 11 580 – in relation to Non-Exempt Fund |
|
Arranging Custody |
|
7 720 |
8 110 |
|
Providing Fund Administration |
|
7 720 |
8 110 |
|
Advising on Investments |
|
7 720 |
8 110 |
|
Arranging Deals in Investments |
|
7 720 |
8 110 |
|
Insurance Intermediation |
|
7 720 |
8 110 |
|
Managing Investments |
|
7 720 |
8 110 |
|
Providing Custody |
|
7 720 |
8 110 |
|
Providing Trust Services |
|
7 720 |
8 110 |
|
Acting as the Trustee of a Fund |
|
7 720 |
8 110 |
|
Dealing in Investments as Agent |
|
15 440 |
16 210 |
|
Dealing in Investments as Principal |
|
15 440 |
16 210 |
|
Managing a Restricted Profit Sharing Investment Account |
|
15 440 |
16 210 |
|
Islamic Banking Business |
|
23 150 |
24 310 |
|
Providing Islamic Financing |
|
15 440 |
16 210 |
|
Accepting Deposits |
|
23 150 |
24 310 |
|
Providing Credit |
|
15 440 |
16 210 |
|
Advising on a Credit Facility |
|
7 720 |
8 110 |
|
Arranging a Credit Facility |
|
7 720 |
8 110 |
|
Providing Money Services |
|
15 440 |
16 210 |
|
Insurance Business |
|
15 440 |
16 210 |
|
Takaful Business |
|
15 440 |
16 210 |
|
Captive Insurance Business through a Protected Cell Company |
|
7 720 plus 1 000 for each cell |
8 110 plus 1 000 for each cell |
|
Captive Insurance Business other than through a Protected Cell Company |
|
7 720 |
8 110 |
|
Captive Takaful Business through a Protected Cell Company |
|
7 720 plus 1 000 for each cell |
8 110 plus 1 000 for each cell |
|
Captive Takaful Business other than through a Protected Cell Company |
|
7 720 |
8 110 |
|
Insurance Management |
|
11 030 |
11 580 |
|
Opening and Operating Bank Accounts |
|
7 720 |
8 110 |
|
Operation of a Payment System |
|
11 030 |
11 580 |
|
Operating a Multilateral Trading Facility |
|
11 030 |
11 580 |
|
Operating an Organised Trading Facility |
|
11 030 |
11 580 |
|
Operating a Digital Asset Trading Facility |
|
108 050 |
113 450 |
|
Providing Credit Rating Services |
|
5 510 |
5 790 |
1.1-1 Application fee in relation to Digital Assets
An applicant seeking to conduct Regulated Activities in relation to Digital Assets, except for the Regulated Activity of Operating a Digital Asset Trading Facility, must pay to the AFSA an additional application fee, in the amount of 2 800 USD. as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
2 940 |
3 090 |
3 240 |
1.2 Application fees for modification and withdrawal of a Licence or Approved Individual's registration
|
Application to Modify |
Fee (USD)* |
|
Modification of an Authorised Firm's Licence |
(a) An Authorised Firm applying to the AFSA to change the scope of its Licence and seeking to carry on one new Regulated or Market Activity, must pay to the AFSA an application fee equal to 100% of the application fee for that new Regulated or Market Activity specified in table 1.1 of Schedule 1 or table 2.1 of Schedule 2 of FEES. (b) An Authorised Firm applying to the AFSA to change the scope of its Licence and seeking to carry on more than one new Regulated and/or Market Activity, must pay to the AFSA an application fee equal to 100% of the highest of the application fees for new activities and 50% of the application fee in respect of each additional new activity specified in table 1.1 of Schedule 1 or table 2.1 of Schedule 2 of FEES. (c) An Authorised Firm applying to the AFSA to change the scope of its Licence and seeking to carry on the Regulated Activities in respect of Digital Assets must pay to the AFSA an additional application fee specified in 1.1-1 of Schedule 1 of FEES above in full. (d) An Authorised Firm applying to the AFSA to change the scope of its Licence, where the change is within an existing Regulated or Market Activity, or to vary or withdraw a condition or restriction on its Licence, must pay to the AFSA an application fee equal to 50% of the application fee for that Regulated or Market Activity specified in table 1.1 of Schedule 1 or table 2.1 of Schedule 2 of FEES. |
|
|
|
Modification of an Approved Individual's registration
An Authorised Firm submitting application on modification of an Approved Individual’s registration must pay a fee, as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
530 |
560 |
590 |
(…)
Application fee for Approval of Individuals
An Authorised Firm submitting applications on behalf of individuals seeking Approved Individual status must pay an application fee in the amount of 500 USD in respect of each Approved Individual application., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
530 |
560 |
590 |
Application fee for change of control
An Authorised Firm applying for change of control must pay to the AFSA an application fee in the amount of 1 400 USD., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
1 470 |
1 540 |
1 620 |
(…)
SCHEDULE 2: APPLICATION FEES PAYABLE TO THE AFSA FOR MARKET ACTIVITIES
2.1 Application fees for applying for Licence to carry on Market Activities
Application fees are determined by the Market Activities the Authorised Person conducts or intends to conduct, as set out below:
|
Application fee by activities |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|
Operating a Clearing House |
additional 5 000 if there is an intention to clear Investment Tokens and have Direct Access Members |
165 380; and additional 5 000 if there is an intention to clear Investment Tokens and have Direct Access Members |
173 650; and additional 5 000 if there is an intention to clear Investment Tokens and have Direct Access Members |
|
Operating an Exchange |
additional 5 000 if there is an intention to trade Investment Tokens and have Direct Access Members |
165 380; and additional 5 000 if there is an intention to trade Investment Tokens and have Direct Access Members |
173 650; and additional 5 000 if there is an intention to trade Investment Tokens and have Direct Access Members |
|
Operating a Loan Crowdfunding Platform |
|
16 540 |
17 370 |
|
Operating an Investment Crowdfunding Platform |
|||
|
|
|
|
|
2.2 Application fees for modification and withdrawal of a Licence or Approved Individual's registration
|
Application to Modify |
Fee (USD) |
|
Modification of an Authorised Market Institution's Licence |
(a) An Authorised Market Institution applying to the AFSA to change the scope of its Licence and seeking to carry on one new Market or Regulated Activity must pay to the AFSA an application fee equal to 100% of the application fee for that new Market or Regulated Activity specified in table 2.1 of Schedule 2 or table 1.1 of Schedule 1 of FEES. (b) An Authorised Market Institution applying to the AFSA to change the scope of its Licence and seeking to carry on more than one new Market and/or Regulated Activity, must pay to the AFSA an application fee equal to 100% of the highest of the application fees for new activities and 50% of an application fee in respect of each additional new activity specified in table 2.1 of Schedule 2 or table 1.1 of Schedule 1 of FEES. (c) An Authorised Market Institution applying to the AFSA to change the scope of its Licence, where the change is within the scope of an existing Market or Regulated Activity, or to vary or withdraw a condition or restriction on its Licence, must pay to the AFSA an application fee equal to 50% of the application fee for that Market or Regulated Activity specified in table 2.1 of Schedule 2 or table 1.1 of Schedule 1 of FEES. |
|
|
|
Modification of an Approved Individual's registration
An Authorised Market Institution submitting application on modification of an Approved Individual’s registration must pay a fee, as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
530 |
560 |
590 |
(…)
Application fee for Approval of Individuals
An Authorised Market Institution submitting applications on behalf of individuals seeking Approved Individual status must pay an application fee in the amount of 500 USD in respect of each Approved Individual application., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
530 |
560 |
590 |
Application fee for change of control
An Authorised Market Institution applying for change of control must pay to the AFSA an application fee in the amount of 1 400 USD., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
1 470 |
1 540 |
1 620 |
(…)
SCHEDULE 3: APPLICATION FEES PAYABLE TO THE AFSA FOR ANCILLARY SERVICES
3.1 Application fees for Ancillary Services
|
Application fee by activities |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|
Providing Legal Services |
|
3 090 |
3 240 |
|
Providing Audit Services |
|
3 090 |
3 240 |
|
Providing Accountancy Services |
|
3 090 |
3 240 |
|
Providing Consulting Services |
|
3 090 |
3 240 |
|
|
|
|
|
(…)
Application fee for change of Money Laundering Reporting Officer (MLRO)
An Ancillary Service Provider applying to the AFSA to change Money Laundering Reporting Officer (MLRO) must pay an application fee in the amount of 500 USD., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
530 |
560 |
590 |
Application fee for change or new additional appointment of Audit Principal
An Ancillary Service Provider applying to the AFSA to change or make a new additional appointment of an Audit Principal must pay an application fee in the amount of 500 USD., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
530 |
560 |
590 |
SCHEDULE 4: APPLICATION FEES PAYABLE TO AFSA FOR RECOGNISED NON-AIFC MARKET INSTITUTION, RECOGNISED NON-AIFC MEMBERS AND FOREIGN FUND MANAGERS
4.1 Application fees for recognition as a Recognised Non-AIFC Market Institution, Recognised Non-AIFC Member and Foreign Fund Manager
|
Application fee |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|
Recognised Non-AIFC Market Institution |
|
16 540 |
17 370 |
|
Recognised Non-AIFC Member |
|
2 210 |
2 320 |
|
Foreign Fund Manager |
|
7 720 |
8 110 |
(…)
SCHEDULE 5: FEES PAYABLE TO THE REGISTRAR OF COMPANIES
An applicant seeking registration or recognition must pay the following fees to the Registrar of Companies:
|
Application for registration or recognition |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|||
|
Online* |
Paper |
Online* |
Paper |
Online* |
Paper |
|
|
Private Company |
|
|
560 |
1 660 |
590 |
1 740 |
|
Public Company |
|
|
560 |
1 660 |
590 |
1 740 |
|
Investment Company |
|
|
120 |
1 660 |
130 |
1 740 |
|
Recognised Company |
|
|
560 |
1 660 |
590 |
1 740 |
|
Partnerships |
|
|
560 |
1 660 |
590 |
1 740 |
|
Recognised Partnership |
|
|
560 |
1 660 |
590 |
1 740 |
|
Non-Profit Incorporated Organisations |
|
|
1 660 |
4 970 |
1 740 |
5 220 |
|
Special Purpose Companies |
|
|
120 |
1 660 |
130 |
1 740 |
|
Restricted Scope Companies |
|
|
120 |
1 660 |
130 |
1 740 |
|
Protected Cell Companies |
|
|
120 |
1 660 |
130 |
1 740 |
|
Representative offices |
|
|
560 |
1 660 |
590 |
1 740 |
|
Foundations |
|
|
1 660 |
4 970 |
1 740 |
5 220 |
Fees for transfer of incorporation
Company or Partnership seeking to transfer its incorporation to or from the AIFC must pay to the Registrar of Companies an application fee in the amount of 5 000 USD., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
5 250 |
5 510 |
5 790 |
* Online means submission through the AIFC approved digital systems (excluding email).
SCHEDULE 5-1: ADMINISTRATIVE SERVICES FEES PAYABLE TO THE REGISTRAR OF COMPANIES
An AIFC Participant must pay the following administrative services fees to the Registrar of Companies:
|
Administrative Services |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|||
|
online* |
paper |
online* |
paper |
online* |
paper |
|
|
Processing inquiries |
|
|
30 |
50 |
35 |
55 |
|
Post-registration procedures |
|
|
120 |
220 |
130 |
230 |
|
Merger/Arrangements |
N/A |
|
N/A |
270 |
N/A |
280 |
* Online means submission through the AIFC approved digital systems (excluding email).
** Fees for administrative services for Foundations and Non-Profit Incorporated Organisations is 100 USD for online based and 200 USD for paper-based processing inquiries. are set out below:
|
Administrative Services |
Fees falling due in 2027 (USD) |
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|||
|
online* |
paper |
online* |
paper |
online* |
paper |
|
|
Processing inquiries |
110 |
210 |
120 |
220 |
130 |
230 |
|
Post-registration procedures |
320 |
630 |
340 |
660 |
360 |
690 |
*** Fees for administrative services for Foundations and Non-Profit Incorporated Organisations is 300 320 USD for online based and 600 630 USD for paper-based post-registration procedures.
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
An AIFC Participant filing an annual return, annual confirmation of accuracy of information in the register or accounts in relation to each financial year must pay the following fees to the Registrar of Companies:
|
Annual report filings |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|||
|
online* |
paper |
online* |
paper |
online* |
paper |
|
|
Accounts in relation to each financial year |
|
|
60 |
120 |
65 |
130 |
|
Annual return |
|
|
60 |
120 |
65 |
130 |
|
Annual confirmation of accuracy of information in the register |
|
|
30 |
50 |
35 |
55 |
* Online means of submission through the AIFC approved digital systems (excluding email).
SCHEDULE 6: ANNUAL SUPERVISION FEES PAYABLE TO THE AFSA
6.1 Annual supervision fees for Regulated Activities
Annual supervision fees for Regulated Activities are determined by the activities the Authorised Firm conducts as set out below:
|
Regulated Activities |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|
Operating a Representative Office |
|
1 540 |
1 620 |
|
Managing a Collective Investment Scheme** |
· fixed fee – · variable fee calculated on a quarterly basis: · not applicable where assets under management as at the end of the quarter are below · a quarterly levy of 0.0031% applies to the amount of the assets under management as at the end of the quarter exceeding |
· fixed fee – 4 630 USD; and · variable fee calculated on a quarterly basis: · not applicable where assets under management as at the end of the quarter are below 37.3 million USD; · a quarterly levy of 0.0031% applies to the amount of the assets under management as at the end of the quarter exceeding 37.3 million USD. |
· fixed fee – 4 860 USD; and · variable fee calculated on a quarterly basis: · not applicable where assets under management as at the end of the quarter are below 39.2 million USD; · a quarterly levy of 0.0031% applies to the amount of the assets under management as at the end of the quarter exceeding 39.2 million USD. |
|
Arranging Custody |
|
4 630 |
4 860 |
|
Providing Fund Administration** |
· fixed fee – · variable fee calculated on a quarterly basis: · not applicable where assets under administration as at the end of the quarter are below · a quarterly levy of 0.0031% applies to the amount of the assets under administration as at the end of the quarter exceeding |
· fixed fee – 3 090 USD; and · variable fee calculated on a quarterly basis: · not applicable where assets under administration as at the end of the quarter are below 24.9 million USD; · a quarterly levy of 0.0031% applies to the amount of the assets under administration as at the end of the quarter exceeding 24.9 million USD. |
· fixed fee – 3 240 USD; and · variable fee calculated on a quarterly basis: · not applicable where assets under administration as at the end of the quarter are below 26.1 million USD; · a quarterly levy of 0.0031% applies to the amount of the assets under administration as at the end of the quarter exceeding 26.1 million USD. |
|
Advising on Investments |
|
1 540 |
1 620 |
|
Arranging Deals in Investments |
|
1 540 |
1 620 |
|
Insurance Intermediation |
|
1 540 |
1 620 |
|
Managing Investments** |
· fixed fee – · variable fee calculated on a quarterly basis: · not applicable where assets under management as at the end of the quarter are below · a quarterly levy of 0.0031% applies to the amount of the assets under management as at the end of the quarter exceeding |
· fixed fee – 4 630 USD; and · variable fee calculated on a quarterly basis: · not applicable where assets under management as at the end of the quarter are below 37.3 million USD; · a quarterly levy of 0.0031% applies to the amount of the assets under management as at the end of the quarter exceeding 37.3 million USD. |
· fixed fee – 4 860 USD; and · variable fee calculated on a quarterly basis: · not applicable where assets under management as at the end of the quarter are below 39.2 million USD; · a quarterly levy of 0.0031% applies to the amount of the assets under management as at the end of the quarter exceeding 39.2 million USD. |
|
Providing Custody |
|
4 630 |
4 860 |
|
Providing Trust Services |
|
3 090 |
3 240 |
|
Acting as the Trustee of a Fund |
|
3 090 |
3 240 |
|
Dealing in Investments as Agent** |
· fixed fee – · variable fee calculated on a quarterly basis: · not applicable where assets under brokerage as at the end of the quarter are below · a quarterly levy of 0.0005% applies to the amount of the assets under brokerage as at the end of the quarter exceeding |
· fixed fee – 10 800 USD; and · variable fee calculated on a quarterly basis: · not applicable where assets under brokerage as at the end of the quarter are below 540 million USD; · a quarterly levy of 0.0005% applies to the amount of the assets under brokerage as at the end of the quarter exceeding 540 million USD. |
· fixed fee – 11 340 USD; and · variable fee calculated on a quarterly basis: · not applicable where assets under brokerage as at the end of the quarter are below 567 million USD; · a quarterly levy of 0.0005% applies to the amount of the assets under brokerage as at the end of the quarter exceeding 567 million USD. |
|
Dealing in Investments as Principal |
|
12 350 except as a matched principal; 7 720 as a matched principal. |
12 970 except as a matched principal; 8 110 as a matched principal. |
|
Managing a Restricted Profit Sharing Investment Account |
|
10 800 |
11 340 |
|
Islamic Banking Business |
|
15 440 |
16 210 |
|
Providing Islamic Financing |
|
10 800 |
11 340 |
|
Accepting Deposits |
|
15 440 |
16 210 |
|
Providing Credit |
|
10 800 |
11 340 |
|
Advising on a Credit Facility |
|
1 540 |
1 620 |
|
Arranging a Credit Facility |
|
1 540 |
1 620 |
|
Providing Money Services |
4 410
· |
4 630 |
4 860 |
|
Insurance Business |
|
10 800 |
11 340 |
|
Takaful Business |
|
10 800 |
11 340 |
|
Captive Insurance Business through a Protected Cell Company |
|
5 410 plus 700 for each cell |
5 680 plus 700 for each cell |
|
Captive Insurance Business other than through a Protected Cell Company |
|
4 630 |
4 860 |
|
Captive Takaful Business through a Protected Cell Company |
|
5 410 plus 700 for each cell |
5 680 plus 700 for each cell |
|
Captive Takaful Business other than through a Protected Cell Company |
|
4 630 |
4 860 |
|
Insurance Management |
|
1 540 |
1 620 |
|
Opening and Operating Bank Accounts |
|
4 630 |
4 860 |
|
Operation of a Payment System |
|
4 630 |
4 860 |
|
Operating a Multilateral Trading Facility** |
· fixed fee – · variable fee – trading levy of 0.0006% of the average daily trading value. Note: The AFSA will not invoice the variable fee unless it exceeds 500 USD. |
· fixed fee – 11 030 USD; and · variable fee – trading levy of 0.0006% of the average daily trading value. Note: The AFSA will not invoice the variable fee unless it exceeds 500 USD. |
· fixed fee – 11 580 USD; and · variable fee – trading levy of 0.0006% of the average daily trading value. Note: The AFSA will not invoice the variable fee unless it exceeds 500 USD. |
|
Operating an Organised Trading Facility** |
|||
|
Operating a Digital Asset Trading Facility** |
· fixed fee – · variable fee calculated on a quarterly basis: · where the average daily trading value is less than 500 000 USD, is not applicable; · where the average daily trading value is more than 500 000 USD: - trading levy of 0.0006% of the average daily trading value; or - 5 000 USD, whichever is greater. |
· fixed fee – 33 080 USD; and · variable fee calculated on a quarterly basis: · where the average daily trading value is less than 500 000 USD, is not applicable; · where the average daily trading value is more than 500 000 USD: - trading levy of 0.0006% of the average daily trading value; or - 5 000 USD, whichever is greater. |
· fixed fee – 34 730 USD; and · variable fee calculated on a quarterly basis: · where the average daily trading value is less than 500 000 USD, is not applicable; · where the average daily trading value is more than 500 000 USD: - trading levy of 0.0006% of the average daily trading value; or - 5 000 USD, whichever is greater. |
|
Providing Credit Rating Services
|
|
3 310 |
3 480 |
*Supervision fees prescribed herein for Islamic Banking Business, Providing Islamic Financing, Takaful Business, Captive Takaful Business through a Protected Cell Company and Captive Takaful Business other than through a Protected Cell Company, and the variable component of the annual supervision fee for Providing Money Services will apply from 1 January 2027.
(…)
6.1-1 Annual supervision fee in relation to Digital Assets
An Authorised Firm conducting Regulated Activities in relation to Digital Assets, except for the Regulated Activity of Operating a Digital Asset Trading Facility, must pay to the AFSA an additional annual supervision fee in the amount of 2 800 USD., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
2 940 |
3 090 |
3 240 |
6.2 Annual supervision fees for Market Activities
Annual supervision fees for Market Activities are determined by the activities the Authorised Market Institution conducts as set out below:
|
Market Activities |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|
Operating an Exchange |
SF= FF+TVF+LF, · where SF – Supervision fee FF – Fixed fee, which is TVF – Trading value fee, calculated as 0.003% of trading value in one year (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter) LF – Listing fee, calculated as 2% of all listing fees collected by an Authorised Investment Exchange in one year (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter); and
· an additional annual fee of 5 000 if the Authorised Investment Exchange trades Investment Tokens and has Direct Access Members |
SF= FF+TVF+LF, · where SF – Supervision fee FF – Fixed fee, which is 22 050 (paid annually) TVF – Trading value fee, calculated as 0.003% of trading value in one year (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter) LF – Listing fee, calculated as 2% of all listing fees collected by an Authorised Investment Exchange in one year (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter); and · an additional annual fee of 5 000 if the Authorised Investment Exchange trades Investment Tokens and has Direct Access Members |
SF= FF+TVF+LF, · where SF – Supervision fee FF – Fixed fee, which is 23 150 (paid annually) TVF – Trading value fee, calculated as 0.003% of trading value in one year (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter) LF – Listing fee, calculated as 2% of all listing fees collected by an Authorised Investment Exchange in one year (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter); and · an additional annual fee of 5 000 if the Authorised Investment Exchange trades Investment Tokens and has Direct Access Members |
|
Operating a Clearing House |
SF=FF+SVF+DVF+CVF, where SF – Supervision fee FF – Fixed fee, which is SVF – Settlement value fee, calculated as 0.001% of settlement value (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter) DVF – Depository value fee, calculated as 0.00005% of depository value (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter) CVF – Clearing value fee, calculated as 0.001% of clearing value, applicable only to an Authorised Clearing House acting as a Central Counterparty (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter); and
an additional annual fee of 5 000 if the Authorised Clearing House clears Investment Tokens and has Direct Access Members |
SF=FF+SVF+DVF+CVF, where SF – Supervision fee FF – Fixed fee, which is 22 050 (paid annually) SVF – Settlement value fee, calculated as 0.001% of settlement value (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter) DVF – Depository value fee, calculated as 0.00005% of depository value (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter) CVF – Clearing value fee, calculated as 0.001% of clearing value, applicable only to an Authorised Clearing House acting as a Central Counterparty (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter); and
an additional annual fee of 5 000 if the Authorised Clearing House clears Investment Tokens and has Direct Access Members
|
SF=FF+SVF+DVF+CVF, where SF – Supervision fee FF – Fixed fee, which is 23 150 (paid annually) SVF – Settlement value fee, calculated as 0.001% of settlement value (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter) DVF – Depository value fee, calculated as 0.00005% of depository value (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter) CVF – Clearing value fee, calculated as 0.001% of clearing value, applicable only to an Authorised Clearing House acting as a Central Counterparty (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter); and
an additional annual fee of 5 000 if the Authorised Clearing House clears Investment Tokens and has Direct Access Members
|
|
Operating a Loan Crowdfunding Platform*** |
· fixed fee - · variable fee calculated on a quarterly basis: · where the funds raised during the quarter · where the funds raised during the quarter |
· fixed fee - 11 030; and · variable fee calculated on a quarterly basis: · where the funds raised during the quarter are less than 5.5 million USD, is not applicable; · where the funds raised during the quarter are more than 5.5 million USD, a levy of 0.05% p.a. of the funds raised during the quarter. |
· fixed fee - 11 580; and · variable fee calculated on a quarterly basis: · where the funds raised during the quarter are less than 5.8 million USD, is not applicable; · where the funds raised during the quarter are more than 5.8 million USD, a levy of 0.05% p.a. of the funds raised during the quarter. |
|
Operating an Investment Crowdfunding Platform*** |
|||
|
[intentionally omitted] |
[intentionally omitted] |
N/A |
N/A |
Formula 1
SF= FF+TVF+LF,
where
SF – Supervision fee
FF – Fixed fee, which is 20 000 USD (paid annually)
TVF – Trading value fee, calculated as 0.003% of trading value in one year (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter)
LF – Listing fee, calculated as 2% of all listing fees collected by an Authorised Investment Exchange in one year (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter)
Formula 2
SF=FF+SVF+DVF+CVF,
where
SF – Supervision fee
FF – Fixed fee, which is 21 000 USD (paid annually)
SVF – Settlement value fee, calculated as 0.001% of settlement value (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter)
DVF – Depository value fee, calculated as 0.00005% of depository value (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter)
CVF – Clearing value fee, calculated as 0.001% of clearing value, applicable only to an Authorised Clearing House acting as a Central Counterparty (paid quarterly within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter)
(…)
6.3 Annual supervision fees for Ancillary Services
Annual supervision fees for Ancillary Services are determined by the activities the Ancillary Service Provider conducts as set out below:
|
Ancillary Services |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|
Providing Legal Services |
|
2 760 |
2 900 |
|
Providing Audit Services |
|
3 310 |
3 480 |
|
Providing Accountancy Services |
|
2 760 |
2 900 |
|
Providing Consulting Services |
|
1 660 excluding Company service provider activity 3 310 including Company service provider activity |
1 740 excluding Company service provider activity 3 480 including Company service provider activity |
|
[intentionally omitted] |
[intentionally omitted] |
N/A |
N/A |
6.4 Annual recognition fees for Recognised Non-AIFC Market Institutions and Recognised Non-AIFC Members
|
|
|
|||||||||
|
|
|
|||||||||
|
|
|
|
Recognition fee |
Fees falling due in 2027 (USD) |
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|
Recognised Non-AIFC Market Institution operating as an Investment Exchange |
· fixed fee - 21 000; and · variable annual recognition fee: 0.003% of trading value in one year generated for Authorised Market Institutions |
· fixed fee - 22 050; and · variable annual recognition fee: 0.003% of trading value in one year generated for Authorised Market Institutions |
· fixed fee - 23 150; and · variable annual recognition fee: 0.003% of trading value in one year generated for Authorised Market Institutions |
|
Recognised Non-AIFC Market Institution operating as a Clearing House |
· fixed fee - 21 000 USD; and · variable annual recognition fee: 0.001% of settlement value + 0.00005% of depositary value + 0.001% of clearing value* generated for Authorised Market Institutions, Multilateral or Organised Trading Facilities * Clearing value fee is applicable only to a Recognised Non-AIFC Market Institution acting as a Central Counterparty |
· fixed fee - 22 050 USD; and · variable annual recognition fee: 0.001% of settlement value + 0.00005% of depositary value + 0.001% of clearing value* generated for Authorised Market Institutions, Multilateral or Organised Trading Facilities * Clearing value fee is applicable only to a Recognised Non-AIFC Market Institution acting as a Central Counterparty |
· fixed fee - 23 150 USD; and · variable annual recognition fee: 0.001% of settlement value + 0.00005% of depositary value + 0.001% of clearing value* generated for Authorised Market Institutions, Multilateral or Organised Trading Facilities * Clearing value fee is applicable only to a Recognised Non-AIFC Market Institution acting as a Central Counterparty |
|
Recognised Non-AIFC Member |
For Recognised Non-AIFC Members that are admitted to trading by an Authorised Investment Exchange, Multilateral or Organised Trading Facility or Digital Asset Trading Facility, calculated according to formula 1 below: RF= FF+TVF, where RF – Annual recognition fee FF – Fixed fee, which is TVF – Trading value fee, calculated as 0.001% of trading value, applicable only to Recognised Non-AIFC Members admitted to trading by an Authorised Investment Exchange, Multilateral or Organised Trading Facility or Digital Asset Trading Facility, whose trading value is over 25 million USD per quarter on each trading platform (paid within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter); and For Recognised Non-AIFC Members that are not admitted to trading by an Authorised Investment Exchange, Multilateral or Organised Trading Facility or Digital Asset Trading Facility, or whose trading value is lower than 25 million USD per quarter on each trading platform: a fixed amount of |
For Recognised Non-AIFC Members that are admitted to trading by an Authorised Investment Exchange, Multilateral or Organised Trading Facility or Digital Asset Trading Facility, calculated according to formula 1 below: RF= FF+TVF, where RF – Annual recognition fee FF – Fixed fee, which is 1 100 USD pro-rated over a calendar year TVF – Trading value fee, calculated as 0.001% of trading value, applicable only to Recognised Non-AIFC Members admitted to trading by an Authorised Investment Exchange, Multilateral or Organised Trading Facility or Digital Asset Trading Facility, whose trading value is over 25 million USD per quarter on each trading platform (paid within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter); and For Recognised Non-AIFC Members that are not admitted to trading by an Authorised Investment Exchange, Multilateral or Organised Trading Facility or Digital Asset Trading Facility, or whose trading value is lower than 25 million USD per quarter on each trading platform: a fixed amount of 1 100 USD pro-rated over a calendar year. |
For Recognised Non-AIFC Members that are admitted to trading by an Authorised Investment Exchange, Multilateral or Organised Trading Facility or Digital Asset Trading Facility, calculated according to formula 1 below: RF= FF+TVF, where RF – Annual recognition fee FF – Fixed fee, which is 1 160 USD pro-rated over a calendar year TVF – Trading value fee, calculated as 0.001% of trading value, applicable only to Recognised Non-AIFC Members admitted to trading by an Authorised Investment Exchange, Multilateral or Organised Trading Facility or Digital Asset Trading Facility, whose trading value is over 25 million USD per quarter on each trading platform (paid within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter); and For Recognised Non-AIFC Members that are not admitted to trading by an Authorised Investment Exchange, Multilateral or Organised Trading Facility or Digital Asset Trading Facility, or whose trading value is lower than 25 million USD per quarter on each trading platform: a fixed amount of 1 160 USD pro-rated over a calendar year. |
Formula 1
RF= FF+TVF,
where
RF – Annual recognition fee
FF – Fixed fee, which is 1 000 USD pro-rated over a calendar year
TVF – Trading value fee, calculated as 0.001% of trading value, applicable only to Recognised Non-AIFC Members admitted to trading by an Authorised Investment Exchange, Multilateral or Organised Trading Facility or Digital Asset Trading Facility, whose trading value is over 25 million USD per quarter on each trading platform (paid within 21 days after the issuance of invoice by the AFSA, but no later than within 1 month following each corresponding quarter).
(…)
SCHEDULE 8: FINTECH LAB FEES
8.1 Pre-application fee
A Person seeking to Test and/or Develop the FinTech Activities within the FinTech Lab, prior to commencing any eligibility assessment must pay to the AFSA the pre-application fee, in the amount of 2 000 USD as set out below: prior to commencing any eligibility assessment.
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
2 100 |
2 210 |
2 320 |
(…)
Notes
Fees for initial application—firm to conduct one or more activities within the FinTech Lab
An applicant seeking authorisation to conduct one or more activities specified in the fees table must pay:
(a) the fee specified for the activity in the table above (or, if the applicant intends to carry on more than one activity, the highest of the application fees specified in the table for any of those activities and 50% of the application fee in respect of each additional activity); and
(b) the fee amount of 200 USD for each individual for whom Approved Individual status is sought.
Application fee for Approval of Individuals
An applicant submitting applications on behalf of additional individuals seeking Approved Individual status must pay an application fee in the amount of 200 USD in respect of each additional Approved Individual application, as set out below.:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
210 |
220 |
230 |
Fees for application to modify or withdraw
Approved Individual applying to the AFSA to change the scope of his/her Approved Individual status, to have a condition or restriction varied or withdrawn must pay the fee in the amount of 200 USD., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
210 |
220 |
230 |
(…)
8.7. Application fee for admission of Digital Assets to trading
A FinTech Lab Participant applying for admission of Digital Assets to trading must pay to the AFSA an application fee in the amount of 50 USD., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
55 |
60 |
65 |
(…)
SCHEDULE 9: OTHER FEES FEES PAYABLE TO AFSA IN RELATION TO FUNDS
9.1. Application to register a Non-Exempt Fund and Exempt Fund or provide notification for an Exempt Fund
A Domestic Fund Manager that intends to manage a Domestic Fund which is a Non-Exempt or Exempt Fund and a Foreign Fund Manager that intends to manage a Domestic Fund which is an Exempt Fund must pay to the AFSA the following fees:
|
Application types |
|
Fees falling due in 2028 (USD) |
Fees falling due in 2029 (USD) |
|
Domestic Fund Manager that intends to manage a Non-Exempt Fund that is not an Umbrella Fund |
|
3 090 |
3 240 |
|
Domestic Fund Manager that intends to manage a Non-Exempt Fund that is an Umbrella Fund |
2 940 for the Umbrella Fund and its first Sub-Fund; and 1 050 for each additional Sub-Fund of the Umbrella Fund |
3 090 for the Umbrella Fund and its first Sub-Fund; and 1 100 for each additional Sub-Fund of the Umbrella Fund |
3 240 for the Umbrella Fund and its first Sub-Fund; and 1 160 for each additional Sub-Fund of the Umbrella Fund |
|
Domestic Fund Manager that intends to manage an Exempt Fund that is not an Umbrella Fund |
|
1 540 |
1 620 |
|
Domestic Fund Manager that intends to manage an Exempt Fund that is an Umbrella Fund |
1 470 for the Umbrella Fund and its first Sub-Fund; and 1 050 for each additional Sub-Fund of the Umbrella Fund |
1 540 for the Umbrella Fund and its first Sub-Fund; and 1 100 for each additional Sub-Fund of the Umbrella Fund |
1 620 for the Umbrella Fund and its first Sub-Fund; and 1 160 for each additional Sub-Fund of the Umbrella Fund |
|
Foreign Fund Manager that intends to manage an Exempt Fund that is not an Umbrella Fund |
|
1 540 |
1 620 |
|
Foreign Fund Manager that intends to manage an Exempt Fund that is an Umbrella Fund |
1 470 for the Umbrella Fund and its first Sub-Fund; and 1 050 for each additional Sub-Fund of the Umbrella Fund |
1 540 for the Umbrella Fund and its first Sub-Fund; and 1 100 for each additional Sub-Fund of the Umbrella Fund |
1 620 for the Umbrella Fund and its first Sub-Fund; and 1 160 for each additional Sub-Fund of the Umbrella Fund |
9.2 Application to make amendments to the Constitution or Offering Materials of a Non-Exempt Fund
A Domestic Fund Manager that intends to make material amendments to the Constitution or Offering Materials of a Non-Exempt Fund must pay to the AFSA an application fee in the amount of 700 USD., as set out below:
|
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
740 |
780 |
820 |
Guidance
Material amendments are defined in CIS 7.10-1.
SCHEDULE 10: LATE FEES PAYABLE TO THE AFSA
10.1 Late fees for failure to provide notification, report or return
A Person falling within FEES 7.1 must pay to the AFSA a late fee specified in table below. in the amount of 500 USD (300 USD for FinTech Lab Participants), if the Person fails to provide notification, report or return within 3 business days after it has committed a contravention. Non-payment of the late fee within 30 calendar days incurs a further late payment fee equal to 10% of the late fee for each calendar day.
|
Applicable to |
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
A Person |
530 |
560 |
590 |
|
FinTech Lab Participants |
320 |
340 |
360 |
10.2 Late fees for failure to comply with direction issued by the AFSA
A Person falling within FEES 7.4 must pay to the AFSA a late fee specified in table below. in the amount of 500 USD (300 USD for FinTech Lab Participants), if the Person fails to comply with direction issued by the AFSA within 3 business days after such failure. Non-payment of the late fee within 30 calendar days incurs a further late payment fee equal to 10% of the late fee for each calendar day.
|
Applicable to |
Fee falling due in 2027 (USD) |
Fee falling due in 2028 (USD) |
Fee falling due in 2029 (USD) |
|
A Person |
530 |
560 |
590 |
|
FinTech Lab Participants |
320 |
340 |
360 |
(…)