CREDIT INSTITUTIONS (FEES) [ S.L.371.10 1
SUBSIDIARY LEGISLATION 371.10
CREDIT INSTITUTIONS (FEES) REGULATIONS
1st January, 2004
LEGAL NOTICE 218 of 2003.
Citation.
(Fees) Regulations.
Interpretation.
requires:
Cap. 371.
''deposit liabilities'' shall mean deposit liabilities as reported in
terms of Banking Directive BD/06 issued by the competent
authority in accordance with the provisions of the Act;
(2) Words and expressions which are also used in the Act shall
have the same meaning as in the Act.
Application and 
processing fee.
3. A credit institution applying to the competent authority for
a licence under the Act shall, upon submission of the application,
irrespective of whether the licence is eventually granted or not, pay
to the competent authority the sum of Lm 3,000 as an application
and processing fee.
Licensing fee.
terms of the Act shall pay a licensing fee of Lm 5,000 to the
competent authority upon the granting of such licence.
Supervision fee.
competent authority an annual supervision fee equivalent to
0.000142 of its deposit liabilities as reported at the end of the year
preceding the year immediately before the year in which the fee is
payable:
Provided that the annual amount payable by a credit
institution by way of supervision fee shall in no case be less than
Lm 6,750:
Provided further that the first supervision fee payable by a
credit institution licensed after 1st January, 2004 shall be equal to a
proportion of such fee that would have been otherwise payable in
respect of the whole calendar year in which the licence was
granted. The fee payable shall be proportionate to the period
remaining between the date of the granting of the licence and the
end of that calendar year. 
Payment of 
supervision fee.
6. The annual supervision fee due in terms of regulation 5
shall be payable to the competent authority in two instalments of
equal amount on the 1st January and 1st July of each year.
Transitory 
provision.
7. In calculating the supervision fee due in the first year, the
competent authority shall credit the credit institution with a
proportion of the annual licence fee already paid by the credit
2 [ S.L.371.10 CREDIT INSTITUTIONS (FEES)
institution in 2003 under the regulations as in force during that
year. The proportion of the fee to be credited shall be the
proportion of the fee so paid in relation to the period from 1st
January to 31st August, 2004.
Representative 
office.
8. Any company incorporated outside Malta which has
established a representative office in Malta shall pay to the
competent authority a fee of Lm 1,000 upon such establishment and
in each subsequent year, upon the anniversary of such date.
Non-refundable 
fees.
9. None of the fees established in terms of regulations 3, 4, 5
and 8 shall, once paid, be refundable under any circumstances.
