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SPECIAL FUNDS (REGULATION) ACT (CAP. 450)Special Funds (Registration Fees) Regulations, 2003
IN exercise of the powers conferred by paragraph (b) of sub-article
1 of article 50 of the Special Funds (Regulation) Act, the Minister of Finance and Economic Affairs, acting on the advice of the Malta
Financial Services Authority, has made the following regulations:
(Registration Fees) Regulations, 2003.
B 4881
Citation and commencement.
2004.
(2) These regulations shall come into force on the 1st January,
to the Special Funds (Regulation) Act, 2002 and the provisions of article
2 of the Act shall also apply to these regulations.
(a) upon submission of an application for the granting of a registration, irrespective of whether the application is eventually
accepted or not, the application fee established in the second column of the Schedule to these regulations;
(b) on the date of the granting of a registration, the annual fee established in the third column of the said Schedule;
(c) thereafter annually, upon the anniversary of such date as is mentioned in paragraph (b) hereof, the same annual fee established
in the third column of the said Schedule.
Payment of application and registration fees.
Exemption from the payment of fees.
B 4882
(Regulation 3)SCHEDULE Table 1Application Fees | Annual Fees | |
Retirement Schemes | Lm 500 | Refer to Table 2 |
Retirement Funds | • Fund - Lm 650 • Up to 15 sub- funds – Lm 125 (per sub-fund) • 16 sub-funds and over – Lm 75 (per sub-fund) | • Fund - Lm 700 • Up to 15 sub-funds – Lm 125 (per sub- fund) • 16 sub-funds and over - Lm 75 (per sub-fund) |
Retirement Scheme Administrator | Lm 200 | Lm 600 |
Retirement Fund Administrator - not maintaining custody of assets - maintaining custody of assets | Lm 400 Lm 750 | Lm 1,200 Lm 1,500 |
Asset Managers - Locally Based - Overseas Based | Nil Lm 100 | Nil Lm 300 |
Retirement Fund Custodians | Lm 750 | Lm 1,500 |
Table 2
Occupational Retirement Schemes – Annual Fees
Number of members | Minimum payment per scheme | |
2 to 11 12 to 50 51 to 100 101 to 300 301 to 500 501 or more | Lm 50 per scheme Lm 3.50 per member Lm 3.00 per member Lm 2.50 per member Lm 2.00 per member Lm 1.00 per member | Not applicable Lm 50 Lm 175 Lm 300 Lm 750 Lm 1000 |
Ippubblikat mid-Dipartiment ta’ l-Informazzjoni (doi.gov.mt) — Valletta — Published by the Department of Information (doi.gov.mt) — Valletta
Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press
Prezz 4ç – Price 4c
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URL: http://www.worldlii.org/mt/legis/laws/sfa450sffr2003367o2003731