S.L. 376.3 ст. 4Annual supervisory fee.

(1) A financial institution licensed to carry out one

(1) or more Category 1 activities on the date when the annual supervisory fee is due in accordance with regulation 5 shall, subject to the provisions of the said regulation, pay to the competent authority an annual supervisory fee which shall be the aggregate of the following:

(a) fifteen thousand euro (€15,000); and

(b) zero point zero two per cent (0.02%) of the total assets:

Provided that in any case, the amount referred to in paragraph (b) shall not exceed two hundred and fifty thousand euro (€250,000).

(2) Notwithstanding sub-regulation (1), the first annual supervisory fee due to the competent authority by a financial institution as referred to in the said sub-regulation shall be fifteen thousand euro (€15,000) prorated according to the period remaining between the date when the financial institution is granted a licence under the Act to carry out the activities referred to in sub-regulation

(1) and the end of the calendar year in which such licence was granted.

(3) A financial institution licensed to carry out one (1) or more Category 1 activities and one (1) Category 2 activity, or just the latter, on the date when the annual supervisory fee is due in accordance with regulation 5 shall, subject to the provisions of the said regulation, pay to the competent authority an annual supervisory fee which shall be the aggregate of the following:

(a) twenty-five thousand euro (€25,000); and

(b) the higher of the following:

(i) zero point zero two per cent (0.02%) of the total assets; or

(ii) zero point zero zero zero three per cent (0.0003%) of the total monetary value of payment transactions or zero point zero one per cent (0.01%) of the average daily outstanding electronic money, whichever is applicable:

Provided that in any case, the applicable amount in accordance with paragraph (b) shall not exceed two hundred and fifty thousand euro (€250,000).

(4) Notwithstanding sub-regulation (3), the first annual supervisory fee due to the competent authority by a financial institution as referred to in the said sub-regulation shall be twenty-five thousand euro (€25,000) prorated according to the period remaining between the date when the financial institution is granted a licence under the Act to carry the activities referred to in sub-regulation (3) and the end of the calendar year in which such licence was granted.

(5) A financial institution licensed to carry out one (1) or more Category 1 activities and both Category 2 activities, or just the latter, on the date when the annual supervisory fee is due in accordance with regulation 5 shall, subject to the provisions of the said regulation, pay to the competent authority an annual supervisory fee which shall be the aggregate of the following:

(a) thirty-five thousand euro (€35,000); and

(b) the higher of the following:

(i) zero point zero two per cent (0.02%) of the total assets; or

(ii) the aggregate of zero point zero zero zero three per cent (0.0003%) of the total monetary value of payment transactions and zero point zero one per cent (0.01%) of the average daily outstanding electronic money:

Provided that in any case, the applicable amount in accordance with paragraph (b) shall not exceed two hundred and fifty thousand euro (€250,000).

(6) Notwithstanding sub-regulation (5), the first annual supervisory fee due to the competent authority by a financial institution as referred to in the said sub-regulation shall be thirty-five thousand euro (€35,000) prorated according to the period remaining between the date when the financial institution is granted a licence under the Act to carry out the activities referred to in sub-regulation

(5) and, or one (1) or more Category 2 activities at the end of the calendar year in which such licence was granted.