FER 2.1.1

(1) An applicant applying for a Licence authorising it to carry on one or more Financial Services specified in the left hand column of the table in (2) must pay to the DFSA:
(a) the highest of the corresponding fees in the right hand column of that table; plus
(b) the fee in (3) if any of the specified factors apply.
(2) This is the table referred to in (1):
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 if any Fund to be managed is not a Qualified Investor Fund, a Venture Capital Fund or an Investment Company managed by its Corporate Director. $10,000
Managing a Collective Investment Fund if the Funds to be managed will only be Qualified Investor Funds, except where all of the Funds are Venture Capital Funds. $5,000
Managing a Collective Investment Fund if it is an Investment Company managed by its Corporate Director. $5,000
Managing a Collective Investment Fund if the only Funds to be managed are Venture Capital Funds. $2,000
Dealing in Investments as a matched principal. $25,000
Dealing in Investments as Agent. $25,000
Managing Assets. $25,000
Providing Custody. $25,000
Providing Money Services (if it issues Stored Value). $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. $15,000
Providing Trust Services (if it does not act as trustee of any express trust). $15,000
Operating a Credit Rating Agency. $10,000
Effecting Contracts of Insurance or Carrying Out Contracts of Insurance as a Captive Insurer or as an ISPV. $5,500
Effecting Contracts of Insurance or Carrying Out Contracts of Insurance 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
Providing Money Services (if it does not issue Stored Value and does not only provide Money Transmission). $15,000
Providing Money Services (if it only provides Money Transmission) $10,000
Operating a Crowdfunding Platform. $5,000
Arranging or Advising on Money Services $5,000
Operating an Employee Money Purchase Scheme. $20,000
Acting as the Administrator of an Employee Money Purchase Scheme. $25,000
(3) An additional amount equal to 100% of the fee specified under (2) is payable if any one or more of the following factors apply:
(a) the applicant has a corporate structure with:
(i) multiple levels (including the applicant's level); or
(ii) Group members incorporated in two or more jurisdictions (excluding the DIFC);
(b) the applicant has, or proposes to establish, a Holding Company in the DIFC;
(c) the applicant is from a jurisdiction, or intends to carry on business from the DIFC in a jurisdiction, where there is no bilateral memorandum of understanding between the DFSA and the relevant Financial Services Regulator in that jurisdiction;
(d) the DFSA will act as the consolidated prudential supervisor of the applicant's Financial Group; or
(e) the DFSA will act as the lead supervisor of part of the applicant's Group.

 

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]
[Amended] DFSA RM222/2018 (Made 22nd February 2018). [VER19/12-18]
[Amended] DFSA RM264/2019 (Made 18th December 2019). [VER22/01-20]
[Added] DFSA RMI268/2020 (Made 26th February 2020). [VER23/04-20]
[Added] DFSA RMI282/2020 (Made 28th October 2020). [VER24/11-20]