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Dubai Financial Services Authority (DFSA): Contents

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

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FER 1.2.2

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(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 :
(i) in the case of a Person other than a Registered AuditorG , on or before 1 January of the calendar year to which the fee relates; and
(ii) in the case of a Registered AuditorG , on or before 1 March 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]
[Amended] DFSA RM141/2014 (Made 21st August 2014). [VER8/06-14]