FER 3.2.1

Past version: effective from 01/08/2018 - 17/12/2018
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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) the amount specified in the table to FER Rule 3.2.3 for each applicable factor specified in that table; plus
(c) $1,000 for each complete $1,000,000 of expenditure, where "expenditure" has the meaning given in FER Rule 3.2.2 ; plus
(d) $65,000, if the Authorised Firm is carrying on the Financial Service of Operating an Alternative Trading System; plus
(e) $1,000 for each additional Financial Service specified on its Licence (excluding the relevant Financial Service with the highest fee that applies under (a) and, if applicable, the Financial Service in (d)).
(2A) For the purposes of calculating the annual fee under (2) an amount referred to:
(a) in (2)(b) is payable only for the calendar year 2020 and any later calendar year; and
(b) in (2)(e) is to be calculated as $500 per additional Financial Service instead of $1,000 for the 2018 calendar year only.
(3) This is the table referred to in (2) (a):
Accepting Deposits or Providing Credit.
(a) for the calendar year 2018:
(b) for the calendar year 2019, and any later calendar year:
$85,000

$100, 000
Dealing in Investments as Principal (except as a matched principal).
(a) for the calendar year 2018:
(b) for the calendar year 2019, and any later calendar year:
$45,000

$50,000
Effecting Contracts of Insurance or Carrying Out Contracts of Insurance (except as a Captive Insurer, as a PCC, or as an ISPV).
(a) for the calendar year 2018:
(b) for the calendar year 2019, and any later calendar year:
$45,000

$50,000
Managing a Collective Investment Fund if any Fund managed is not a Qualified Investor Fund. $10,000
Managing a Collective Investment Fund if the Funds managed are only Qualified Investor Funds. $5,000
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 (if it acts as trustee of one or more express trusts). $25,000
Acting as the Trustee of a Fund. $25,000
Arranging Deals in Investments. $15,000
Advising on Financial Products. $15,000
Arranging Custody. $15,000
Insurance Intermediation. $15,000
Insurance Management.
(a) for the calendar year 2018:
(b) for the calendar year 2019, and any later calendar year:
$17,000

$20,000
Providing Trust Services (if it does not act as trustee of any express trust). $15,000
Operating a Credit Rating Agency.
(a) for the calendar year 2018:
(b) for the calendar year 2019, and any later calendar year:
$12,500

$15,000
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
Arranging Credit and Advising on Credit $15,000
Operating a Crowdfunding Platform.. $10,000
(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]
[Amended] DFSA RM152/2015 (Made 10th June 2015). [VER10/06-15]
[Amended] DSFA RM190/2016 (Made 7th December 2016). [VER13/02-17]
[Amended] DSFA RM204/2017 (Made 14th June 2017). [VER15/08-17]
[Amended] DFSA RM207/2017 (Made 14th June 2017). [VER16/01-18]
[Amended] DFSA RM214/2018 (Made 22nd February 2018). [VER17/04-18]
[Amended] DFSA RM228/2018 (Made 6th June 2018). [VER18/08-18]