Singapore legislation
Regulation 6
of Securities and Futures (Licensing and Conduct of Business) Regulations
Regulation 6
Fees
Subregulation 1
Subject to this regulation, the fees specified in the Third Schedule are payable to the Authority for the purposes specified therein.
Subregulation 2
Where —
the name of a person is entered in the public register of representatives as a provisional representative;
he pays the annual fee referred to in section 99K(2) of the Act for the retention of his name in the public register of representatives as a provisional representative for a period of time; and
his name is subsequently entered in the register as an appointed representative at any time during that period or on the business day immediately following the expiry of that period,then the person is deemed to have paid the annual fee for the continuing retention of his name in the register as an appointed representative, in respect of the regulated activity conducted by the person while he was a provisional representative.
Subregulation 3
For the purposes of sections 85(4) and 99K(6) of the Act, the late payment fee is $100 for every day or part thereof that the payment is late subject to a maximum of $3,000.
Subregulation 4
Payment of fees may be made through such electronic funds transfer system as the Authority may designate from time to time, whereby payment is effected by directing the transfer of funds electronically from the bank account of the payer to a bank account designated by the Authority.
Subregulation 4A
[Deleted by S 637/2024 wef 01/08/2024]
Subregulation 5
The Authority may, as it thinks fit, waive the whole or any part of the fee payable under section 84, 85, 90, 99A or 99K of the Act.
Subregulation 6
Where the holder of a capital markets services licence is licensed to carry on business in more than one regulated activity, the amount of the licence fee payable to the Authority shall be the sum of the fees specified in the Third Schedule for the regulated activities that the holder is licensed to carry out.
Subregulation 7
Where the holder of a capital markets services licence licensed to carry on business in dealing in capital markets products is granted the licence subject to a condition or restriction restricting the holder to one or more types of capital markets products in respect of which the holder may carry on that business, the amount of the licence fee payable to the Authority is the sum of the fees specified in the Third Schedule for the types of capital markets products in respect of which the holder may carry on that business.