(1) Except as provided in (2), the amendment made by Instrument No. 214 of 2018 relating to the annual fee for
Providing Trust Services does not affect any annual fee that has already been paid or is payable by an Authorised Firm under this chapter in respect of the 2018 calendar year.
(2) If an
Authorised Firm is granted a Licence after the commencement of the amendment referred to in (1), then for the purposes of calculating the initial annual fee payable by the Authorised Firm under FER section 3.1, the amendment to the annual fee is to be taken into account.
Derived from DFSA RM214/2018 (Made 22nd February 2018). [VER17/04-18]