Recognised Investment Exchange (Fees) Regulations, 2003

L.N. 4 of 2003

FINANCIAL MARKETS ACT

(CAP. 345)

Recognised Investment Exchange (Fees) Regulations, 2003

IN exercise of the powers vested in him by article 3 of the Financial

Markets Act, the Minister of Finance, acting upon the advice of the

Malta Financial Services Authority as the Competent Authority has made

the following regulations>-

(1) The title of these regulations is the Recognised Investment

Exchange (Fees) Regulations, 2003.

(2) These regulations shall come into force on the 3rd

January 2003.

In these regulations, “the Act” means the Financial Markets

Act and the words and expressions used shall have the same meaning as

is given to them in the Act.

The fees prescribed in respect of the application for and the

retention of a recognition order shall be as follows>

(a) Lm3,000 upon submission of an application for the

making of a recognition order by the Competent Authority declaring

that body to be a recognised investment exchange for the purposes

of the Act, irrespective of whether the recognition order is

eventually issued or not<

(b) Lm5,000 as an annual licensing fee, due on the 1st

January of each year by each recognised investment exchange if it

is to remain a recognised investment exchange.

Mitbug[ fl-Istamperija tal-Gvern – Printed at the Government Printing Press