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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Fees Module (FER) [VER20/02-19]
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FER 2.1.1



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) An applicant applying for a LicenceG authorising it to carry on one or more Financial ServicesG specified in the left hand column of the table in (2) must pay to the DFSAG :
(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 DepositsG or Providing CreditG . $70,000
Dealing in Investments as PrincipalG (except as a matched principal). $40,000
Effecting Contracts of InsuranceG or Carrying Out Contracts of InsuranceG (except as a Captive InsurerG , as a PCCG , or as an ISPVG ). $40,000
Managing a Collective Investment FundG if any Fund to be managed is not a Qualified Investor FundG or an Investment CompanyG managed by its Corporate DirectorG . $10,000
Managing a Collective Investment FundG if the Funds to be managed will only be Qualified Investor FundsG . $5,000
Managing a Collective Investment FundG if it is an Investment CompanyG managed by its Corporate DirectorG . $5,000
Dealing in InvestmentsG as a matched principal. $25,000
Dealing in Investments as AgentG . $25,000
Managing AssetsG . $25,000
Providing CustodyG . $25,000
Managing a Profit Sharing Investment AccountG . $25,000
Providing Trust ServicesG (if it acts as trustee of one or more express trusts). $25,000
Acting as the TrusteeG of a FundG . $25,000
Arranging Deals in InvestmentsG . $15,000
Advising on Financial ProductsG . $15,000
Arranging CustodyG . $15,000
Insurance IntermediationG . $15,000
Insurance ManagementG . $15,000
Providing Trust ServicesG (if it does not act as trustee of any express trust). $15,000
Operating a Credit Rating AgencyG . $10,000
Effecting Contracts of InsuranceG or Carrying Out Contracts of InsuranceG as a Captive InsurerG or as an ISPVG . $5,500
Effecting Contracts of InsuranceG or Carrying Out Contracts of InsuranceG as a PCCG :  
   (a) for the core; and $8,000
   (b) for each cell $1,000
Providing Fund AdministrationG . $15,000
Arranging Credit and Advising on CreditG $15,000
Operating a Crowdfunding Platform.G $5,000
(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]