Company Service Providers Act (Fees)

Suppliment tal-Gazzetta tal-Gvern ta’ Malta Nru. 20,596, 26 ta’ Marzu, 2021 B 921

L.N. 117 of 2021

COMPANY SERVICE PROVIDERS ACT

(CAP. 529)

Company Service Providers Act (Fees)

(Amendment) Regulations, 2021

IN EXERCISE of the powers conferred by article 14 of the

Company Services Providers Act, the Minister responsible for the

regulation of Financial Services, acting on the advice of the Malta

Financial Services Authority, has made the following regulations:-

(1) The title of these regulations is the Company Service Citation and

Providers Act (Fees) (Amendment) Regulations, 2021 and these commencement.

regulations shall be read and construed as one with the Company S.L. 529. 01.

Service Providers Act (Fees) Regulations, hereinafter referred to as

"the principal regulations".

(2) These regulations shall be deemed to have come into force

on the 16th March 2021

(3) Nothing in these regulations shall be deemed to affect the

liability in respect of any fees due under the principal regulations prior

to the date of coming into force of these regulations.

Regulation 3 of the principal regulations shall be amended Amends

regulation 3 of

as follows

the principal

regulations.

(a) in the marginal note thereof, for the word

"registration", there shall be substituted the word

"authorisation";

(b) in sub-regulation (1) thereof, for the word

"registration" there shall be substituted the word "authorisation";

(c) in sub-regulation (2) thereof, for the words "licence

or registration", there shall be substituted the words "licence,

registration or any other authorisation"; and

(d) immediately after sub-regulation (2) thereof there

shall be added the following new sub-regulation

"(3) Any person submitting an application to the

Authority in terms of article 19 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.".

Regulation 4 of the principal regulations shall be amended

as follows

(a) in the marginal note thereof, for the word

"registered", there shall be substituted the word "authorised";

(b) for the word "registered", there shall be substituted

the words "authorised";

(c) in the proviso thereof, for the words "a registration",

there shall be substituted the words "an authorisation"; and

(d) immediately after the proviso thereof as amended,

there shall be added the following new proviso

"Provided further that those

persons who, prior to the date of coming into

force of the Company Service Providers

2020. (Amendment) Act 2020, were already

registered as a company service provider

under the Act and whose supervisory fee fell

due before the coming into force of the

Company Service Providers Act (Fees)

2021. (Amendment) Regulations 2021, shall

continue to pay the relevant supervisory fee

on the due date.".

Immediately after the proviso to regulation 5 of the

principal regulations, there shall be added the following new proviso

"Provided further that those persons who,

prior to the coming into force of the Company Service

2020. Providers (Amendment) Act 2020, were already in receipt

of written confirmation from the Authority that it does not

object to such notification submitted under article 3(5) of

the Act, and whose supervisory fee fell due before the

coming into force of the Company Service Providers Act

(Fees) (Amendment) Regulations 2021, shall continue to

2021. pay the relevant supervisory fee on the due date.".

€0.09