Home   Browse contents   View updates   Search  
     Quick search

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

Whole Section Print Print Manager Link

FER 1.2.2

View whole sectionWhole 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.

Past version: effective from Nov 25 2009 - Aug 20 2014.
To view other versions open the versions tab on the right.

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

(1) In regard to fees payable pursuant to FER chapter 3:
(a) the initial annual fee must be paid in full to the DFSAG within 21 days of the date on which the LicenceG , RecognitionG or registration is granted or notification made; and
(b) subsequent annual fees are payable in advance and must be paid in full to the DFSAG on or before 1 January of the calendar year to which the fee relates.
(2) When a fee of the kind specified under (1) is not paid in full on or before the due date or within the prescribed period, such non-payment incurs a late payment fee of:
(a) $1,000; or
(b) an amount equivalent to 3% of the annual fee due,
whichever is the greater. In addition the annual fee due shall be increased by 1% for each calendar month, or part of a calendar month, that it remains outstanding beyond the due date.
(3) Nothing in this Rule limits the right of the DFSAG to take any other action.
Derived from DFSA RM52/2007 (Made 1st December 2007). [VER1/12-07]
[Amended] DFSA RM67/2009 (Made 25th November 2009). [VER3/11-09]