An Authorised Market Institution applying to the DFSA:
(a) for Key Individual status for an individual;
(b) to amend a Key Individual's authorisation to include a new Licensed Function; or
(c) to substitute one Key Individual for another performing a particular Licensed Function in the Authorised Market Institution,
must pay to the DFSA an application fee of $500 for each Key Individual for whom it is seeking authorisation; to amend the scope of his authorisation; or to substitute as a Key Individual (as the case may be).