Singapore legislation
Schedule 3
of Securities and Futures (Licensing and Conduct of Business) Regulations
Schedule 3
Fees
THIRD SCHEDULERegulation 6(1) and (6)Fees First columnSecond columnThird columnNo.Provision of ActMatterAmount1.Section 84(3)Application for grant of a capital markets services licence$1,0002.Section 85(1)Annual licence fee for capital markets services licence in respect of —
dealing in capital markets products that are securities —Amount derived from the formulae set out below, where “N” is(a)where the total number of appointed representatives, provisional representatives and temporary representatives who act for the holder and whose names are (on 1 January of the year for which the licence fee is paid) on the public register of representatives is more than 100, that number less 100; or
where the holder has 100 or fewer appointed representatives, provisional representatives and temporary representative on 1 January of the year for which the licence fee is paid, 0. (i)where the holder is a member of the Singapore Exchange Securities Trading Limited; or$8,000 + (N × $5) (ii)where the holder is any other person;$4,000 + (N × $5) (b)dealing in capital markets products that are units in a collective investment scheme;$2,000 + (N × $5) (c)dealing in capital markets products that are exchange traded derivatives contracts;$2,000 + (N × $5) (d)dealing in capital markets products that are OTC derivatives contracts;$2,000 + (N × $5) (e)dealing in capital markets products that are spot foreign exchange contracts for the purposes of leveraged foreign exchange trading;$2,000 + (N × $5) (f)fund management;$4,000 + (N × $5) (g)advising on corporate finance;$4,000 + (N × $5) (h)product financing;$2,000 + (N × $5) (i)providing custodial services;$2,000 + (N × $5) (j)real estate investment trust management; and$4,000 + (N × $5) (k)providing credit rating services.$4,000 + (N × $5)2A.Section 99A(1)Annual fee payable by an exempt person.N × $5, where “N” is —
where the total number of appointed representatives, provisional representatives and temporary representatives who act for the exempt person and whose names are (on 1 January of the year for which the licence fee is paid) on the public register of representatives is more than 100, that number less 100; or
where the exempt person has 100 or fewer appointed representatives, provisional representatives and temporary representative on 1 January of the year for which the licence fee is paid, 0.3.Section 90(2)Application to add type(s) of regulated activity to capital markets services licence$5004.Section 99K(1)Lodgment of documents under section 99H of the Act for appointment of appointed, provisional or temporary representative$200 5.Section 99K(2)Annual fee for retention of name of appointed or provisional representative in the public register of representatives in the year in which the name is first entered in the register, where the regulated activity is —
dealing in capital markets products; (b)fund management;
advising on corporate finance;
[Deleted by S 667/2018 wef 08/10/2018](e)[Deleted by S 667/2018 wef 08/10/2018](f)real estate investment trust management; or
providing credit rating servicesAmount derived from the formula:where:“A”is the number of days between the date the name of appointed or provisional representative is first entered in the register and 31st December of same year, both dates inclusive; and“Y” is —
$700 where the regulated activity or one of the regulated activities is dealing in capital markets products that are securities on behalf of a principal who is a member of the Singapore Exchange Securities Trading Limited; or
$200 where the regulated activity is one of, or the regulated activities are 2 or more of, the following:
dealing in capital markets products that are securities on behalf of a principal who is any other person;
fund management;
advising on corporate finance;
real estate investment trust management;
providing credit rating services; or
dealing in capital markets products that are units in a collective investment scheme, exchange-traded derivatives contracts, OTC derivatives contracts, or spot foreign exchange contracts for the purpose of leveraged foreign exchange trading6.Section 99K(2)Annual fee for retention of name of appointed or provisional representative in the public register of representatives in any other year, where the regulated activity is —
dealing capital markets products that are securities —
where the principal is a member of the Singapore Exchange Securities Trading Limited; or$700 (ii)where the principal is any other person;$200 (b)dealing in capital markets products that are units in a collective investment scheme;$200 (c)dealing in capital markets products that are exchange-traded derivatives contracts;$200 (d)dealing in capital markets products that are OTC derivatives contracts;$200 (e)dealing in capital markets products that are spot foreign exchange contracts for the purposes of leveraged foreign exchange trading;$200 (f)fund management;$200 (g)advising on corporate finance;$200 (h)real estate investment trust management; and$200 (i)providing credit rating services,$200 or where there is more than one regulated activitythe higher or highest of the relevant amounts set out above for those regulated activities7.Section 99K(3)Fee payable by a temporary representative for retention of name of temporary representative in the public register of representatives, where the regulated activity is —
dealing in capital markets products that are securities —
where the principal is a member of the Singapore Exchange Securities Trading Limited; or$700 (ii)where the principal is any other person;$200 (b)dealing in capital markets products that are units in a collective investment scheme;$200 (c)dealing in capital markets products that are exchange-traded derivatives contracts;$200 (d)dealing in capital markets products that are OTC derivatives contracts;$200 (e)dealing in capital markets products that are spot foreign exchange contracts for the purposes of leveraged foreign exchange trading;$200 (f)fund management;$200 (g)advising on corporate finance;$200 (h)real estate investment trust management; and$200 (i)providing credit rating services,$200 or where there is more than one regulated activitythe higher or highest of the relevant amounts set out above for those regulated activities8.Section 99K(4)Resubmission of a form for lodgment of documents under section 99H(1) of the Act for the appointment of appointed, provisional or temporary representative$2009.[Deleted by S 637/2024 wef 01/08/2024] 10.Section 317(2)Inspection of and extraction from records$20 per name submitted for inspection inclusive of the goods and services tax chargeable under the Goods and Services Tax Act 1993[S 637/2024 wef 01/08/2024][S 523/2016 wef 01/11/2016][S 171/2013 wef 02/04/2013][S 385/2012 wef 01/04/2013][S 170/2013 wef 28/03/2013][S 18/2012 wef 17/01/2012][S 709/2010 wef 26/11/2010][S 667/2018 wef 08/10/2018][S 226/2023 wef 31/12/2021][S 67/2025 wef 24/01/2025]