MT
MALTA FINANCIAL SERVICES AUTHORITY ACT (EUROPEAN CROWDFUNDING SERVICE PROVIDERS FOR BUSINESS) (FEES)
Table of Provisions (8)
Statutory Text (8 Articles)
MALTA FINANCIAL SERVICES AUTHORITY ACT
(EUROPEAN CROWDFUNDING SERVICE PROVIDERS
FOR BUSINESS) (FEES)
SUBSIDIARY LEGISLATION 330.19
MALTA FINANCIAL SERVICES AUTHORITY ACT
(EUROPEAN CROWDFUNDING SERVICE
PROVIDERS FOR BUSINESS) (FEES)
REGULATIONS *
14th September, 2022
LEGAL NOTICE 230 of 2022.
The title of these regulations is the Malta Financial
Services Authority Act (European Crowdfunding Service Providers
for Business) (Fees) Regulations.
(Regulations 3, 4 and 5)
Fees
First Column
Second Column
€
Application fee
4,500
Extension fee
2,000
Annual supervisory fee
For revenue up to
3,500
€250,000
Further tranches
400 per tranche
of €250,000 up to
or part thereof
a maximum of
€5,000,000
(1)
In these regulations, unless the context otherwise
requires
"Act" means the Malta Financial Services Authority Act;
"applicant" means a legal person who applies to the
competent authority for an authorisation as a crowdfunding
service provider in terms of the European Crowdfunding
Service Providers for Business Regulation;
"competent authority" means the Malta Financial
Services Authority established by the Act;
"crowdfunding service provider" means a crowdfunding
service provider authorised by the competent authority in terms
of the European Crowdfunding Service Providers for Business
Regulation;
"European Crowdfunding Service Providers for Business
Regulation" means Regulation (EU) 2020/1503 of the European
Parliament and of the Council of 7 October 2020 on European
crowdfunding service providers for business, and amending
Regulation (EU) 2017/1129 and Directive (EU) 2019/1937, as
may be amended from time to time, and includes any binding
legal instruments, guidelines and other measures that have been
or may be issued thereunder.
(2)
Words and expressions used in these regulations which
are also used in the European Crowdfunding Service Providers for
Business Regulation, but which are not defined herein, shall have the
same meaning as that assigned to them in the European Crowdfunding
Service Providers for Business Regulation.
*These regulations have been repealed by Legal Notice 197 of 2025.
MALTA FINANCIAL SERVICES AUTHORITY ACT
(EUROPEAN CROWDFUNDING SERVICE PROVIDERS
FOR BUSINESS) (FEES)
An applicant shall, upon submission of an application for
the granting of an authorisation as a crowdfunding service provider,
pay to the competent authority the application fee established in the
Second Column of the Schedule
Provided that the said application fee, with respect to
those applications submitted prior to the coming into force of these
regulations, shall be paid within one (1) month from the date of the
coming into force of these regulations.
A crowdfunding service provider seeking authorisation to
extend its business to additional crowdfunding services not foreseen at
the time of the authorisation granted under Article 12 of the European
Crowdfunding Service Providers for Business Regulation shall, upon
submission of a request for extension of its authorisation to the
competent authority in terms of Article 13(2) of the European
Crowdfunding Service Providers for Business Regulation, pay to the
competent authority the extension fee established in the Second
Column of the Schedule.
A crowdfunding service provider shall, upon the
submission of the annual report to the competent authority in terms of
Article 16(1) of the European Crowdfunding Service Providers for
Business Regulation, pay to the competent authority the annual
supervisory fee established in the Second Column of the Schedule
Provided that the first annual supervisory fee shall be due
immediately once the authorisation is granted and shall be
proportionate to the period remaining between the date of the granting
of the authorisation and the established date for the submission of the
annual report.
The fees established and due in terms of these regulations
shall not be refundable and said fees shall not be prorated, other than
the first annual supervisory fee as established in regulation 5.
MALTA FINANCIAL SERVICES AUTHORITY ACT
(EUROPEAN CROWDFUNDING SERVICE PROVIDERS
FOR BUSINESS) (FEES)