S.L. 376.3 ст. 5BFees due by European financial institutions. S.L. 376.07.

(1) A European financial institution that intends to establish a branch in Malta in accordance with regulation 4 of the European

Passport Rights for Financial Institutions Regulations shall, upon submission of the information required in accordance with the said regulation, pay the competent authority a notification fee of one thousand euro (€1,000).

(2) A European financial institution that has established a branch in Malta in accordance with regulation 4 of the European Passport Rights for Financial Institutions Regulations shall, subject to the provisions of sub-regulation (4), pay to the competent authority an annual supervisory fee of one thousand euro (€1,000).

(3) Notwithstanding the provisions of sub-regulation (2), the first annual supervisory fee due to the competent authority by a European financial institution as referred to in the said sub-regulation shall be one thousand euro (€1,000) prorated according to the period remaining between the date when the branch of such European financial institution is established in Malta in accordance with regulation 4(8) of the European Passport Rights for Financial Institutions Regulations and the end of the calendar year in which such branch was established.

(4) The first annual supervisory fee due in accordance with sub-regulation (3) shall be paid to the competent authority on the date when the branch of the European financial institution is established in Malta in accordance with regulation 4(8) of the European Passport Rights for Financial Institutions Regulations, and every annual supervisory fee following the first annual supervisory fee which is due in accordance with sub-regulation (2) shall be paid to the competent authority on the 1st January of each calendar year.