S.L. 590.1 Art. 7Payment of annual supervisory fee. 

Licence holders shall, upon the submission of the annual audited financial statements, pay to the competent authority an annual supervisory fee as established in the Third Column of the Schedule:

Provided that the first annual supervisory fee shall be due immediately once a licence is granted and, where applicable, shall be equal to a proportion of the minimum fee. The first annual supervisory fee payable shall be proportionate to the period remaining between the date of the granting of the licence and the established date for the submission of the annual audited financial statements.