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  • AU-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 2011

    • AU-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 2011

    • AU-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 2011

    • AU-5.2.4

      [This Paragraph was deleted in July 2013].

      Deleted: July 2013
      May 2011

    • AU-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to financial penalties for date sensitive requirements as outlined in Section EN-5.3A or may have their licenses withdrawn by the CBB.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