S.L. 376.3 ст. 5Payment of the annual supervisory fee. Re-numbered and

(1) The first annual supervisory fee due in accordance with regulation 4, as applicable, shall be paid to the competent authority on the date when a financial institution is granted a licence under the Act.

(2) Every annual supervisory fee following the first annual supervisory fee which is due in accordance with regulation 4, as applicable, shall be paid to the competent authority in two (2) instalments on the 1st January and 30th July of each calendar year:

Provided that the instalment due on the 1st January shall be fifty per cent (50%) of the annual supervisory fee due by a financial institution for the previous year in accordance with regulation 4, as applicable, and the instalment due on the 30th July shall be the remaining balance of the annual supervisory fee due by such financial institution for that year in accordance with regulation 4, as applicable.