Past version: effective from 01/08/2015 - 31/12/2017
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DFSA may by notice require a Recognised Person to pay to the DFSA a fee not exceeding $10,000, being for a year or a part of a year, if the DFSA reasonably expects to incur substantial additional costs during that period in dealing with a matter connected to:
Recognised Person's compliance with legislation administered by the DFSA; or
Person's status as a Recognised Person.
(2) If the
DFSA proposes to require payment of a fee under (1), it must notify the Person as soon as reasonably practicable of the amount of the fee.
(3) A fee payable under (1) must be paid within the period specified in the relevant notice.
Derived from DFSA RM152/2015 (Made 10th June 2015). [VER10/06-15]