S.L. 370.3 ст. 5Payment to the competent authority.

(1) There shall be paid to the competent authority by:

(a) any European investment firm establishing a branch in Malta in terms of regulation 3 of the European

Passport Rights for Investment Firms Regulations, upon notification to the competent authority that it wants to establish a branch in Malta and upon the commencement of business in Malta, the relevant notification and supervisory fees established in the Second and Third Column, respectively, of the Schedule;

(b) any European management company establishing a branch in Malta in terms of regulation 9 of the Investment Services Act (UCITS Management Company Passport) Regulations, upon notification to the competent authority that it wants to establish a branch in Malta and upon the commencement of business in Malta, the relevant notification and supervisory fees established in the Second and Third Column, respectively, of the Schedule;

(c) any European AIFM establishing a branch in Malta in terms of regulation 7 of the Investment Services Act (Alternative Investment Fund Manager) (Passport) Regulations, upon notification to the competent authority that it wants to establish a branch in Malta and upon the commencement of business in Malta, the relevant notification and supervisory fees established in the Second and Third Column, respectively, of the Schedule;

(d) any European UCITS having its units marketed in Malta in terms of regulation 8 of the Investment Services Act (Marketing of UCITS) Regulations, upon notification to the competent authority that it wants to market its units in Malta and upon the commencement of such marketing in Malta, the relevant notification and supervisory fees established in the Second and Third Column, respectively of the Schedule;

(e) any European AIF having its units marketed in Malta in terms of regulations 3 and 5 of the Investment Services Act (Marketing of Alternative Investment Funds) Regulations, upon notification to the competent authority that it wants to market its units in Malta and upon the commencement of such marketing in Malta, the relevant notification and supervisory fees established in the Second and Third Column, respectively of the Schedule: Provided that EuVECA funds and EuSEF funds as defined in regulation 2(1) shall not be required to pay to the competent authority the relevant notification and supervisory fees established in the Second and Third Column, respectively of the Schedule;

(f) an AIFM, whether established in an EU or EEA Member State or in a third country, wishing to market in Malta units or shares of an AIF whether established in an EU or EEA Member State other than Malta or in a third country in terms of regulations 7 and 22 of the Investment Services Act (Alternative Investment Fund Manager) (Third Country) Regulations shall, upon notification to the competent authority that it wants to market by private placement in Malta pay, the relevant notification and supervisory fees established in the Second and Third Column, respectively, of the Schedule.

(2) In addition to the above fees, the following annual supervisory fees established in the Third Column of the Schedule shall also be paid to the competent authority by:

(a) European Investment Firms, establishing a branch in Malta, annually, upon the anniversary of the date on which they commence business in Malta;

(b) European management companies establishing a branch in Malta, annually, upon the anniversary of the date on which they commence business in Malta;

(c) European AIFMs establishing a branch in Malta, annually, upon the anniversary of the date on which they commence business in Malta;

(d) European UCITS having their units marketed in Malta annually, upon the anniversary of the date of the commencement of such marketing in Malta;

(e) European AIFs having their units marketed in Malta annually, upon the anniversary of the date of the commencement of such marketing in Malta: Provided that EuVECA funds and EuSEF funds as defined in regulation 2(1) shall not be required to pay to the competent authority the annual supervisory fees established in the Third Column of the Schedule;

(f) AIFMs, whether established in an EU or EEA Member State or in a third country wishing to market in Malta units or shares of an AIF whether established in an EU or EEA Member State other than Malta or in a third country, annually, upon the anniversary of the date of the commencement of such marketing in Malta.