Regulations, 2008

Suppliment tal-Gazzetta tal-Gvern ta’ Malta, Nru. 18,360, 30 ta’ Diçembru, 2008

L.N. 360 of 2008

FINANCIAL MARKETS ACT

(CAP. 345)

Regulated Markets and Central Securities Depositories (Fees)

Regulations, 2008

IN exercise of the powers conferred by articles 3, 30 and 49 of the

Financial Markets Act, the Minister of Finance, the Economy and

Investment, after consultation with the Malta Financial Services

Authority, has made the following regulations>

(1) The title of these regulations is the Regulated Markets Title and

commencement.

and Central Securities Depositories (Fees) Regulations, 2008.

(2) These regulations shall come into force on the 1 st

January, 2009 and shall apply to fees falling due on or after the said

date.

In these regulations “the Act” means the Financial Markets Interpretation.

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 Fees payable by

applicants for

retention of an authorisation as a regulated market shall be as follows> authorisation as a

regulated market

and by authorised

(a) €12,000 upon submission of an application for

regulated markets.

authorisation, irrespective of whether the authorisation is eventually

issued or not<

(b) €25,000 as an annual supervisory fee, due on the 1 st

January of each year by each regulated market if it is to remain a

regulated market.

The fees prescribed in respect of the application for and the Fees payable by

retention of an authorisation to provide the service of a central securities applicants

authorisation as a

depository shall be as follows>

central securities

depositary and by

authorised central

(a) €4,000 upon submission of an application for

securities

depositories.

authorisation irrespective of whether the authorisation is eventually

issued or not<

(b) €10,000 as an annual supervisory fee, due on the 1 st

January of each year by each person authorised to provide the

service of a central securities depository, if it is to continue to

provide such service.

The fees payable by a person wishing to apply and retain

authorizations both as a regulated market and to provide the services of

a central securities depository shall be as follows>

(a) €12,000 upon submission of an application for both

authorisations, irrespective of whether the authorisations are

eventually issued or not<

(b) €30,000 as an annual supervisory fee, due on the 1st

January of each year by each person authorised both as a regulated

market and to provide the service of a central securities depository,

if it is to remain a regulated market and to provide the services of

a central securities depository.

Where the application for authorisation as a regulated market

and the application for authorisation to provide the services of a central

securities depository are submitted by two companies forming part of

the same group and where such authorisations are held by two such

companies, the fees prescribed in regulation 5 shall apply.

The Regulated Markets (Fees) Regulations 2007, are hereby

2007. repealed.

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