Singapore legislation
Regulation 10
Regulation 10
Annual fee
Amended byS 1095/2020 wef 31/12/2020
Subregulation 1
For the purposes of section 34A(1) of the Act, the prescribed annual fee is $10,000 in respect of each class of business authorised by the Authority.
Subregulation 2
The annual fee mentioned in paragraph (1) must be paid to the Authority on or before the date specified by written notification sent by the Authority.
Subregulation 3
Payment of the annual fee mentioned in paragraph (1) must be made —
(a)
through an electronic funds transfer system, designated by written notification sent by the Authority, where payment may be made by directing the transfer of funds electronically from the bank account of the payer to a bank account notified by the Authority; or
(b)
in any other form or manner that the Authority allows.