Entire Section

  • FER 3.6 FER 3.6 Registered Auditors (subsequent periods)

    • FER 3.6.1

      (1) A Registered Auditor permitted under its registration to conduct audits of Authorised Persons (where those Persons are Domestic Firms) or Domestic Funds must, subject to Rule 3.6.3, pay to the DFSA an annual fee calculated in accordance with (2).
      (2) The amount of the fee payable is specified in the right hand column of the table and is dependent upon the number of audits of Authorised Persons which are Domestic Firms and audits of Domestic Funds specified in the left hand column.

      Audits reported in Registered Auditor's Annual Information Return for the previous calendar year Annual fee
      0–15 $7,000
      16–30 $7,000 plus $500 per audit conducted above 15.
      31 or more $14,500 plus $1,000 per audit conducted above 30.

      Derived from DFSA RM52/2007 (Made 1st December 2007). [VER1/12-07]
      [Amended] DFSA RM141/2014 (Made 21st August 2014). [VER8/06-14]
      [Amended] DFSA RM207/2017 (Made 14th June 2017). [VER16/01-18]

    • FER 3.6.2

      (1) A Registered Auditor permitted under its registration to conduct audits of Public Listed Companies must, subject to Rule 3.6.3, pay to the DFSA an annual fee calculated in accordance with (2).
      (2) The amount of the fee is $5,000 per audit conducted of a Public Listed Company as reported in the Registered Auditor's Annual Information Return for the previous calendar year.
      (3) No fee is payable under this Rule if the Registered Auditor has not conducted any audits of Public Listed Companies in the previous calendar year.

      [Added] DFSA RM141/2014 (Made 21st August 2014). [VER8/06-14]
      [Amended] DFSA RM207/2017 (Made 14th June 2017). [VER16/01-18]

    • FER 3.6.3

      A Registered Auditor permitted under its registration to conduct audits of both:

      (a) Authorised Persons (where those persons are Domestic Firms) or Domestic Funds; and
      (b) Public Listed Companies,

      must pay to the DFSA an annual fee equal to the amount calculated under Rule 3.6.1 plus the amount calculated under Rule 3.6.2.

      [Added] DFSA RM141/2014 (Made 21st August 2014). [VER8/06-14]