Company Service Providers (Fees) Regulations, 2015

Suppliment tal-Gazzetta tal-Gvern ta’ Malta, Nru. 19,373, 23 ta’ Jannar, 2015

L.N. 27 of 2015

COMPANY SERVICE PROVIDERS ACT

(CAP. 529)

Company Service Providers (Fees) Regulations, 2015

IN exercise of the powers conferred by article 14 of the

Company Service Providers Act, the Minister for Finance, acting on

the advice of the Malta Financial Services Authority, has made the

following regulations:-

The title of these regulations is the Company Service Citation.

Providers Act (Fees) Regulations, 2015.

(1)

In these regulations, unless the context otherwise Interpretation.

requires

"Act" means the Company Service Providers Act;

"the Authority" means the Malta Financial Services Authority

established in terms of the Malta Financial Services Authority Act.

(2) Words and expressions used in these regulations which are

also used in the Act but which are not defined herein shall have the

same meaning as in the Act.

(1) Any person applying to the Authority for Application for

registration to act as a company service provider in terms of article 3 registration

notification fee.

of the Act shall, upon submission of the application, irrespective of

whether the application is eventually accepted or not, pay to the

Authority the sum of two hundred and fifty euro (€250) as an

application fee.

(2) Any person who, having a licence or registration to

provide company service issued by the relevant regulatory authority

in an approved jurisdiction, notifies the Authority of its intention to

provide company service in Malta in terms of article 3(5) of the Act

shall, irrespective of whether the said notification is eventually

accepted or not, pay to the Authority the sum of two hundred and fifty

euro (€250) as a notification fee.

Any person who, on the 31st day of December of each Annual

year, is registered with the Authority to carry out the activities of a supervisory

for registered

company service provider in terms of article 3 of the Act shall, during persons.

the month of January of the following year, pay to the Authority the

sum of five hundred euro (€500) as an annual supervisory fee

Provided that the first annual supervisory fee shall be due

immediately once the Authority grants a registration in terms of

article 5 of the Act. The first annual supervisory fee payable shall be

equal to a proportion of the sum of five hundred euro (€500). The fee

payable shall be proportionate to the period remaining between the

date of the granting of registration and the end of that calendar year.

Any person who, following a notification to the Authority

of its intention to provide company service in Malta in terms of article

3(5) of the Act, is, on the 31st day of December of each year, in

receipt of written confirmation from the Authority that it does not

object to such notification, shall, during the month of January of the

following year, pay to the Authority the sum of five hundred euro

(€500) as an annual supervisory fee

Provided that the first annual supervisory fee shall be due

immediately once the Authority confirms in writing that it does not

object to a notification in terms of article 3(5) of the Act. The first

annual supervisory fee payable shall be equal to a proportion of the

sum of five hundred euro (€500). The fee payable shall be

proportionate to the period remaining between the date when the

Authority grants its confirmation and the end of that calendar year.

None of the fees established as due in terms of these

regulations shall be refundable. Nor shall they be prorated, other than

the first annual supervisory fee established in regulations 4 and 5.

€0.09