CREDIT INSTITUTIONS (FEES) REGULATIONS

SUBSIDIARY LEGISLATION 371.10

CREDIT INSTITUTIONS (FEES) REGULATIONS

1st January, 2004

LEGAL NOTICE 218 of 2003, as amended by Legal Notices 425 of 2007,

351 of 2008, 11 of 2014, 364 of 2024, 158 of 2025 and 57 of 2026.

The title of these regulations is the Credit Institutions

(Fees) Regulations.

Added by

L.N. 364 of 2024.

(regulation 3, 6, 6A, 6B)

Fees falling due in

and thereafter

€

Application fee

Credit Institutions

35,000

Establishment fee

Establishment of a representative office

3,600

Notification fee

Establishment of a branch by a European credit institution

3,600

Application fee

Establishment of a branch by a third-country credit institution

35,000

(1)

In these regulations, unless the context otherwise

requires

''the Act'' means the Banking Act;

"branch-level deposits" means deposits of a branch established in

Malta by a European credit institution or a third-country credit

institution, excluding the deposits which were received from the head

office of such branch;

"deposits" means the sum of deposits reported to the competent

authority in the balance sheet statement for liabilities as at the end of

the preceding calendar year;

"European credit institution" means a credit institution as defined in

point (1) of Article 4(1) of the CRR which is authorised as such by a

European regulatory authority;

"European regulatory authority" means a body that is in a Member

State other than Malta and is empowered by law to supervise credit

institutions;

"institution-level deposits" means deposits at the highest level of

prudential consolidation in Malta;

"third-country credit institution" means a credit institution as

defined in point (1) of Article 4(1) of the CRR which has its head

office in a state other than in a Member State.

(2) Words and expressions which are also used in the Act shall

have the same meaning as in the Act.

Added by

L.N. 364 of 2024.

Amended by

(regulation 4, 6A, 6B)

L.N. 158 of 2025;

L.N. 57 of 2026.

Fees falling

Fees falling

Fees falling

Fees falling

Fees falling

due in 2025

due in 2026

due in 2027

due in 2028

due in 2029

(€)

(€)

(€)

(€)

and

thereafter

(€)

Annual

0.022% of

0.024% of

0.026% of

0.028% of

0.030% of

supervisory

institution- institution- institution- institution- institution-

fee

level

level

level

level

level deposits

deposits

deposits

deposits

deposits

Credit

Minimum

Minimum

Minimum

Minimum

Minimum

Institutions

fee

fee

fee

Fee

fee

50,000

60,000

65,000

70,000

75,000

Maximum

Maximum

Maximum

Maximum

Maximum

fee

fee

fee

fee

fee

1,700,000

1,700,000

1,700,000

1,700,000

1,700,000

Annual

0.022% of

0.024% of

0.026% of

0.028% of

0.030% of

supervisory

branch-level branch-level branch-level branch-level branch-level

fee

deposits

deposits

deposits

deposits

deposits

Minimum

Minimum

Minimum

Minimum

Minimum

Establishment

fee

fee

fee

fee

fee

of a branch by a

25,000

25,000

25,000

25,000

25,000

European credit

institution

Maximum

Maximum

Maximum

Maximum

Maximum

fee

fee

fee

fee

fee

30,000

35,000

40,000

45,000

50,000

CREDIT INSTITUTIONS (FEES)

Annual

0.022% of

0.024% of

0.026% of

0.028% of

0.030% of

supervisory

the

the

the

the

the branch’s

fee

branch’s

branch’s

branch’s

branch’s

deposits

deposits

deposits

deposits

deposits

Minimum

Minimum

Minimum

Minimum

Minimum

fee

fee

fee

fee

fee

Establishment

50,000

60,000

65,000

70,000

75,000

of a branch by

Maximum

Maximum

Maximum

Maximum

Maximum

a

third-

fee

fee

fee

fee

fee

country credit

1,200,000

450,000

550,000

550,000

550,000

institution

A company that intends to carry out the business of banking

in or from Malta shall, upon submission of an application to the

competent authority for a licence in accordance with article 6 of the

Act, pay to the competent authority an application fee as established in

the First Schedule with respect to such application.

(1) Where a credit institution licensed in accordance with

article 7 of the Act intends to carry out one (1) or more of the

activities listed in the First Schedule to the Act in addition to those

which it is licensed to carry out, it shall, upon the submission of a

request to the competent authority to modify its licence

accordingly, pay to the competent authority the application fee

established in regulation 3, as applicable, which application fee

shall be reduced by twenty-five per cent (25%).

(2) Where a credit institution licensed in accordance with article

7 of the Act intends to stop carrying out one (1) or more of the

activities listed in the First Schedule to the Act which it is licensed to

carry out, it shall, upon the submission of a request to the competent

authority to modify its licence accordingly, pay to the competent

authority a modification fee of one thousand euro (€1,000).

(1) A credit institution licensed in accordance with article 7

of the Act shall, subject to the provisions of regulation 5, pay to the

competent authority an annual supervisory fee as established in the

Second Schedule, as applicable

Provided that in any case, the annual supervisory fee shall

not be less than the minimum annual supervisory fee established in

the Second Schedule, as applicable, and it shall not exceed the

maximum annual supervisory fee established in the said Schedule,

as applicable

(2) Notwithstanding the provisions of sub-regulation (1), the first

annual supervisory fee due to the competent authority shall be the

minimum annual supervisory fee established in the Second Schedule,

as applicable, prorated according to the period remaining between the

date when the credit institution is granted a licence under the Act and

the end of the calendar year in which such licence was granted.

(1) The first annual supervisory fee due in accordance with

regulation 4(2) shall be paid to the competent authority on the date

when the credit institution is granted a licence under the Act.

(2) Every annual supervisory fee following the first annual

supervisory fee which is due in accordance with regulation 4(1)

shall be paid to the competent authority in two (2) instalments on

the 1 st January and 1 st July of each calendar year

Provided that the instalment due on the 1 st January shall be

fifty per-cent (50%) of the annual supervisory fee due by the credit

institution for the previous year in accordance with regulation 4(1) and

the instalment due on the 1 st July shall be the remaining balance of the

annual supervisory fee due by the credit institution for that year in

accordance with regulation 4(1).

A company licensed or holding an equivalent authorisation in

another country outside Malta which carries on the business of

banking intending to establish a representative office in Malta shall,

upon submission of a notification to the competent authority in

accordance with article 8 of the Act and annually thereafter upon the

anniversary of such notification, pay the competent authority an

establishment fee as established in the First Schedule.

(1)

A European credit institution that intends to

establish a branch in Malta in accordance with regulation 3 of the

European Passport Rights for Credit Institutions Regulations shall,

upon submission of a notification to the competent authority in

accordance with the said regulation, pay the competent authority a

notification fee as established in the First Schedule.

(2) A European credit institution that has established a

branch in Malta in terms of regulation 3 of the European Passport

Rights for Credit Institutions Regulations shall, subject to the

provisions of sub-regulations (3) to (5), pay to the competent

authority an annual supervisory fee established in the Second

Schedule, as applicable

Provided that in any case, the annual supervisory fee

shall not be less than the minimum annual supervisory fee established

in the Second Schedule, as applicable, and it shall not exceed the

maximum annual supervisory fee established in the said Schedule, as

applicable.

(3) Notwithstanding the provisions of sub-regulation (2),

the first annual supervisory fee due to the competent authority shall

be the minimum annual supervisory fee established in the Second

Schedule, as applicable, prorated according to the period remaining

between the date when the branch of such European credit institution

is established in Malta in accordance with the regulation 3(4) of the

European Passport Rights for Credit Institutions Regulations and the

end of the calendar year in which such branch was established.

(4) The first annual supervisory fee due in accordance with

sub-regulation (3) shall be paid to the competent authority on the date

when the branch of the European credit institution is established in

Malta in accordance with regulation 3(4) of the European Passport

Rights for Credit Institutions Regulations.

(5) Every annual supervisory fee following the first annual

supervisory fee which is due in accordance with sub-regulation (2)

shall be paid to the competent authority in two (2) instalments on the

1st January and 1st July of each year

Provided that the instalment due on the 1st January shall

be fifty per-cent (50%) of the annual supervisory fee due by the

European credit institution for the previous year in accordance with

sub-regulation (2) and the instalment due on the 1st July shall be the

remaining balance of the annual supervisory fee due by the European

credit institution for that year in accordance with sub-regulation (2).

(1)

A third-country credit institution that intends to

transact the business of banking in or from Malta in accordance with

article 5(1) of the Act through the establishment of a branch in Malta

shall, upon submission of an application to the competent authority

for a licence to do so, pay to the competent authority an application

fee as established in the First Schedule with respect to such

application.

(2) A third-country credit institution that has been granted a

licence to transact the business of banking in or from Malta in

accordance with article 5(1) of the Act through the establishment of a

branch in Malta shall, subject to the provisions of regulations (3) to

(5), pay to the competent authority an annual supervisory fee as

established in the Second Schedule, as applicable

Provided that in any case, the annual supervisory fee

shall not be less than the minimum annual supervisory fee established

in the Second Schedule, as applicable, and it shall not exceed the

maximum annual supervisory fee established in the said Schedule, as

applicable.

(3) Notwithstanding the provisions of sub-regulation (2),

the first annual supervisory fee due to the competent authority shall

be the minimum annual supervisory fee established in the Second

Schedule, as applicable, prorated according to the period remaining

between the date when the third-country credit institution is granted a

licence to transact the business of banking in or from Malta through

the establishment of a branch in Malta and the end of the calendar

year in which such licence was granted.

(4) The first annual supervisory fee due in accordance with

the provisions of sub-regulation (3) shall be paid to the competent

authority on the date when the third-country credit institution is

granted a licence to transact the business of banking in or from Malta

through the establishment of a branch in Malta.

(5) Every annual supervisory fee following the first annual

supervisory fee which is due in accordance with sub-regulation (2)

shall be paid to the competent authority in two (2) instalments on the

1st January and 1st July of each year

Provided that the instalment due on the 1st January shall be

fifty per-cent (50%) of the annual supervisory fee due by the third-

country credit institution for the previous year in accordance with sub-

regulation (2) and the instalment due on the 1st July shall be the

remaining balance of the annual supervisory fee due by the third-

country credit institution for that year in accordance with sub-

regulation (2).

(1) The fees established and due in terms of these

regulations shall not be refundable.

(2) Without prejudice to the provisions of regulations 4, 6A(3)

and 6B(3), the fees established and due in terms of these regulations

shall not be prorated.

CREDIT INSTITUTIONS (FEES)