Financial Institutions (Bank Licence Fees) Regulations

This is the latest version of this Statutory Instrument.
Jurisdiction
Seychelles
Citation
Statutory Instrument 21 of 2010
Primary work
Financial Institutions Act
Date
1 December 2014
Language
English
Type
Legislation
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Related documents
Seychelles
Financial Institutions Act

Financial Institutions (Bank Licence Fees) Regulations

Statutory Instrument 21 of 2010

  • Commenced on 1 March 2010
  • [This is the version of this document at 1 December 2014.]
  1. [Amended by Financial Institutions (Bank Licence Fees) (Amendment) Regulations, 2012 (Statutory Instrument 37 of 2012) on 19 June 2012]
  2. [Amended by Financial Institutions (Bank Licence Fees) (Amendment) Regulations, 2014 (Statutory Instrument 18 of 2014) on 10 March 2014]
[S.I. 21 of 2010; S.I. 37 of 2012; S.I. 18 of 2014]

1.

These Regulations may be cited as the Financial Institutions (Bank Licence Fees) Regulations.

2.

These Regulations shall be deemed to have come into operation on 1st January, 2010.

3.

An applicant shall, upon submission of an application for a banking licence, pay the application processing fee as specified in Schedule I to these Regulations.

4.

An applicant shall, upon the grant of a banking licence, before commencement of business and thenceforth annually, pay the annual fee specified in Schedule II to these Regulations.

Schedule I (Regulation 3)

Processing fees

[Schedule I amended by SI 18 of 2014 with effect from 10 March 2014]
Banking licenceR75,000

Schedule II (Regulation 4)

Annual fees

Total assetsAnnual fees
Less than R300,000,000R250,000
R300,000,000 or more, but less than R1,000,000,000R500,000
R1,000,000,000 or more, but less than R5,000,000,000R750,000
R5,000,000,000 or moreR1,000,000
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History of this document

01 December 2014 this version
Consolidation
10 March 2014
19 June 2012
01 March 2010
Commenced