FER 3.2.1

Past version: effective from 01/01/2015 - 31/07/2015
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(1) An Authorised Firm must pay to the DFSA an annual fee for any period of regulation after the initial period described in FER Rule 3.1.1.
(2) The annual fee is:
(a) the highest of the fees specified in the right hand column of the table in (3) corresponding to the Financial Services specified in the left hand column of the table which the Authorised Firm is authorised to carry on under its Licence; plus
(b) $1,000 for each complete $1,000,000 of expenditure, where "expenditure" has the meaning given in FER Rule 3.2.2.
(3) This is the table referred to in (2) (a):
Accepting Deposits or Providing Credit. $70,000
Dealing in Investments as Principal (except as a matched principal). $40,000
Effecting Contracts of Insurance or Carrying Out Contracts of Insurance (except as a Captive Insurer, as a PCC, or as an ISPV). $40,000
Managing a Collective Investment Fund (except as an Umbrella Fund) if any Fund managed is not a Qualified Investor Fund. $10,000
Managing a Collective Investment Fund (except as an Umbrella Fund) if the Funds managed are only Qualified Investor Funds. $5,000
Operating an Alternative Trading System. $40,000
Dealing in Investments as a matched principal. $25,000
Dealing in Investments as Agent. $25,000
Managing Assets. $25,000
Providing Custody. $25,000
Managing a Profit Sharing Investment Account. $25,000
Providing Trust Services. $25,000
Acting as the Trustee of a Fund. $25,000
Arranging Credit or Deals in Investments. $15,000
Advising on Financial Products or Credit. $15,000
Arranging Custody. $15,000
Insurance Intermediation. $15,000
Insurance Management. $15,000
Operating a Credit Rating Agency. $10,000
Effecting Contracts of Insurance or Carrying Out Contracts of Insurance where the Authorised Firm is carrying on business as a Captive Insurer or as an ISPV. $5,500
Effecting Contracts of Insurance or Carrying Out Contracts of Insurance where the Authorised Firm is carrying on business as a PCC:  
   (a) for the core; and $8,000
   (b) for each cell $1,000
Providing Fund Administration. $15,000
Managing an Umbrella Fund:  
   (a) for the Umbrella; and $8,000
   (b) for each Sub-Fund. $1,000
(4) The annual fee for an Authorised Firm authorised as a Representative Office is $4,000.
Derived from DFSA RM52/2007 (Made 1st December 2007). [VER1/12-07]
[Amended] DFSA RM67/2009 (Made 25th November 2009). [VER3/11-09]
[Amended] DFSA RM72/2010 (Made 11th July 2010) [VER4/07-10]
[Amended] DFSA RM100/2012 (Made 24th July 2012) [VER6/07-12]
[Amended] DFSA RM145/2014 (Made 1st January 2015) [VER9/01-15]