S.L. 376.3 Art. 3Application and modification fees.

(1) Any company that intends to carry out, regularly or habitually, activities listed under the First Schedule of the Act in or from Malta, other than account information services shall, upon submission of an application to the competent authority for a licence in accordance with article 4 of the Act, pay to the competent authority the following application fee, as applicable, with respect to such application:

(a) where such company intends to carry out any one

(1) or more Category 1 activities and, or any one (1) Category 2 activities, ten thousand euro (€10,000);

(b) where such company intends to carry out both Category 2 activities, fifteen thousand euro (€15,000); or

(c) where such company intends to carry out any one

(1) or more Category 1 activities and both Category 2 activities, fifteen thousand euro (€15,000).

(2) Where a financial institution intends to carry out one (1) or more activities in addition to those which it is licensed to carry out, it shall upon the submission of an application to the competent authority to modify its licence accordingly, pay to the competent authority the application fee established in sub-regulation (1), as applicable, which application fee shall be reduced by twenty-five per cent (25%).

(3) Where a financial institution intends to stop carrying out one

(1) or more, but not all, of the activities which it is licensed to carry out, it shall upon the submission of a request to the competent authority to modify its licence accordingly, pay to the competent authority a modification fee of one thousand euro (€1,000).