Schedule 2

subject to paragraph (b), for every approved clearing house that establishes or operates one or more clearing facilities for derivatives contracts, if the total number of derivatives contracts cleared or settled by all clearing facilities operated by that approved clearing house in the immediately preceding calendar year was —

less than 50 million$250,000 for every calendar year(ii)50 million or more but not more than 100 million$500,000 for every calendar year(iii)more than 100 million$750,000 for every calendar year(b)for every approved clearing house that establishes or operates one or more clearing facilities for derivatives contracts, for the period starting on the date of its approval under section 51(1)(a) of the Act and ending on 31 December of the same calendar yearThe amount computed in accordance with the formula in item 1 of Part 2 of this Schedule(i)[Deleted by S 435/2019 wef 01/07/2019] (ii)[Deleted by S 435/2019 wef 01/07/2019] (c)subject to paragraph (d), for every approved clearing house that establishes or operates one or more clearing facilities for transactions in securities, if the total value of transactions cleared or settled by all clearing facilities operated by that approved clearing house in the immediately preceding calendar year was —

less than $200 billion$250,000 for every calendar year(ii)$200 billion or more but not more than $400 billion$500,000 for every calendar year(iii)more than $400 billion$750,000 for every calendar year(d)for every approved clearing house that establishes or operates one or more clearing facilities for transactions in securities, for the period starting on the date of its approval under section 51(1)(a) of the Act and ending on 31 December of the same calendar yearThe amount computed in accordance with the formula in item 1 of Part 2 of this Schedule(i)[Deleted by S 435/2019 wef 01/07/2019] (ii)[Deleted by S 435/2019 wef 01/07/2019] (e)subject to paragraph (f), for every recognised clearing house$10,000(f)for every recognised clearing house, for the period starting on the date of its recognition under section 51(1)(b) or (2) of the Act and ending on 31 December of the same calendar yearThe amount computed in accordance with the formula in item 2 of Part 2 of this Schedule(i)[Deleted by S 435/2019 wef 01/07/2019] (ii)[Deleted by S 435/2019 wef 01/07/2019] 3.For every application by an approved clearing house or a recognised clearing house to change its status under section 54(1) of the Act$1,0004.For every application for approval to acquire a substantial shareholding in, or to become a 12% controller or 20% controller of, an approved clearing house under section 70(1) or (2) of the Act$500[S 435/2019 wef 01/07/2019]Part 2FORMULAE FOR ITEM 2(b), (d) AND (f) OF PART 11.For the purposes of item 2(b) and (d) of Part 1 of this Schedule, the formula is , where A is the number of days in the period mentioned in item 2(b) and (d), respectively.2.For the purposes of item 2(f) of Part 1 of this Schedule, the formula is where C is the number of days in the period mentioned in item 2(f).[S 435/2019 wef 01/07/2019]Part 3ANNUAL FEE UNDER ITEM 2(a), (c) OR (e) OF PART 1 FOR PERIOD STARTING 1 JULY 2019 AND ENDING 31 DECEMBER 2019 1. Where an approved clearing house or a recognised clearing house has been approved or recognised (as the case may be) by the Authority under the Act before 1 July 2019, the annual fee payable under item 2(a), (c) or (e) of Part 1 of this Schedule in respect of that approval or recognition (as the case may be) for the period starting 1 July 2019 and ending 31 December 2019, or any part of that period, is of the amount mentioned in item 2(a), (c) or (e) (as the case may be) of Part 1 of this Schedule.[S 435/2019 wef 01/07/2019][S 298/2017 wef 01/07/2017]