FER 3.10.1

Past version: effective from 01/12/2007 - 04/11/2008
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(1) An Operator must pay to the DFSA in respect of each Domestic Fund for which it is the Operator the annual fee prescribed in (2) for any period after the initial period described in FER Rule 3.9.1.
(2) The annual fee for any period after the initial period is:
(a) the amount calculated by multiplying the net asset value of the Fund by 0.001; or
(b) in the case of an Umbrella Fund, the amount calculated by adding together the net asset value of each of its sub-funds and multiplying that total figure by 0.001.
(3) The annual fee in (2) is subject to a minimum amount of $10,000 and a maximum amount of $50,000.

Derived from DFSA RM52/2007 (Made 1st December 2007). [VER1/12-07]