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  • FER 3.11 FER 3.11 Listed Entities

    • FER 3.11.1 FER 3.11.1

      (1) A Listed Entity, other than a SME, that has equity securities admitted to the Official List of Securities must pay to the DFSA an annual fee consisting of $2,500 plus the additional fee (if any) calculated in accordance with the table to this Rule.

      Table
      Additional Fee
      Market capitalisation in USD millions of the Listed Entity Fee payable in respect of each USD million of market capitalisation
      0 to 100 $0
      >100 to 500 $5
      >500 to 5,000 $1
      >5,000 to 10,000 $0.50
      >Greater than 10,000 $0.25
      (2) A Listed Entity that is a SME that has equity securities admitted to the Official List of Securities must pay to the DFSA an annual fee of $10,000.
      (3) In (1) and (2), "equity securities" means Shares, Certificates over Shares and Warrants over Shares.
      (4) For the purposes of the table to (1), the market capitalisation of the Listed Entity must be determined as at the last business day in November of the year before the calendar year to which the annual fee relates and is to be based on the official closing price on the AMI at the end of that day.

       

      Derived from DFSA RM152/2015 (Made 10th June 2015). [VER10/06-15]
      [Amended] DFSA RMI268/2020 (Made 26th February 2020). [VER23/04-20]

       

      • FER 3.11.1 Guidance

        1. The market capitalisation of a Listed Entity is calculated by multiplying the number of listed equity securities by the closing price per equity security on the relevant day.
        2. The following is an example of how the annual fee under FER Rule 3.11.1 is calculated for a Listed Entity (other than a SME). The Listed Entity has equity securities admitted to the Official List of Securities. On the last business day of November of the year before the relevant calendar year, it had a market capitalisation of USD 750 million. Its annual fee for the calendar year will be calculated as follows:
        Fixed fee $2,500
        Additional fee, consisting of:  
              initial USD 100mn of capitalisation $0 (100 x 0)
              capitalisation from USD 100mn to USD 500mn $2,000 (400 x 5)
              remaining USD 250mn of capitalisation $250 (250 × 1)
        Total $4,750

         

        Derived from DFSA RM152/2015 (Made 10th June 2015). [VER10/06-15]
        [Amended] DFSA RMI268/2020 (Made 26th February 2020). [VER23/04-20]

         

    • FER 3.11.2 FER 3.11.2 [Deleted]

      [Deleted] DFSA RM207/2017 (Made 14th June 2017). [VER16/01-18]

      • FER 3.11.2 Guidance [Deleted]

        [Deleted] DFSA RM207/2017 (Made 14th June 2017). [VER16/01-18]