AU-5 AU-5 License Fees
AU-5.1 AU-5.1 License Application Fees
AU-5.1.1
Applicants seeking an
administrator license from the CBB must pay a non-refundable license application fee of BD 100 at the time of submitting their formal application to the CBB.May 2011AU-5.1.2
There are no application fees for those seeking
approved person status.May 2011AU-5.2 AU-5.2 Annual License Fees
AU-5.2.1
Licensees must pay a flat annual license fee of BD500 to the CBB, on 1st December of the preceding year for which the fee is due.Amended: July 2013
May 2011AU-5.2.2
For new
licensees , their first annual license fee is payable when their license is issued by the CBB. The amount payable is the flat amount specified for their type of license.May 2011AU-5.2.3
Where a license is cancelled (whether at the initiative of the firm or the CBB), no refund is paid for any months remaining in the calendar year in question.
May 2011AU-5.2.4
[This Paragraph was deleted in July 2013].
Deleted: July 2013
May 2011AU-5.2.5
All
licensees are subject to direct debit for the payment of the annual fee and must complete and submit to the CBB a Direct Debit Authorisation Form by 15th September available under Part B of Volume 5 (Specialised Licensees) CBB Rulebook on the CBB Website.Added: July 2013
AU-5.2.6
Licensees failing to comply with this Section may be subject to financial penalties for date sensitive requirements as outlined in Section EN-5.3A or may have their licenses withdrawn by the CBB.Added: July 2013