FINANCIAL SERVICES TRIBUNAL (FEES) REGULATIONS

FINANCIAL SERVICES TRIBUNAL (FEES)

SUBSIDIARY LEGISLATION 330.08

FINANCIAL SERVICES TRIBUNAL (FEES)

REGULATIONS

20th January, 2012

LEGAL NOTICE 10 of 2012, as amended by Legal Notice 62 of 2012.

The title of these regulations is the Financial Services

Tribunal (Fees) Regulations.

In these regulations, unless the context otherwise requires -

"the Authority" means the Malta Financial Services Authority

established in terms of article 3 of the Malta Financial Services

Authority Act.

Upon the filing of an appeal to the Financial Services

Tribunal established in terms of article 21 of the Malta Financial

Services Authority Act there shall be paid to the Financial Services

Tribunal an administrative fee as follows

(a) a fee of two hundred and fifty euro (€250) upon an

appeal from a decision of the Authority to issue a fine

or other administrative penalty not exceeding two

thousand and five hundred euro (€2500); and

(b) a fee of five hundred euro (€500) upon an appeal from

any other decision of the Authority.

Upon the filing of an application for the transfer of long-

term insurance business in accordance with article 57 of the

Insurance Business Act, there shall be paid to the Financial

Services Tribunal a fee of one thousand and five hundred euro

(€1500).

An appeal application or an application for transfer of

long-term business, as applicable, filed before the Financial

Services Tribunal shall not be considered unless it is accompanied

by the applicable administrative fee in terms of these regulations.

The fees prescribed in terms of these regulations shall

apply to appeals and applications for transfer of long-term business

filed before the Financial Services Tribunal on or after the date of

entry into force of these regulations.