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  • AU-5.2 AU-5.2 Annual License Fees

    • AU-5.2.1

      Representative office licensees must pay a fixed annual license fee of BD3,000 to the CBB, on 1st December of the preceding year for which the fees are due.

      Amended: July 2013
      December 2010

    • AU-5.2.2

      [This Paragraph was deleted in July 2013].

      Deleted: July 2013
      December 2010

    • AU-5.2.3

      [This Paragraph was deleted in July 2013].

      Deleted: July 2013
      December 2010

    • AU-5.2.3A

      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-5.2.4

      For new representative office licensees, their first annual license fee is payable when their license is issued by the CBB. The annual fee due in relation to the first year in which the license has been granted, shall be BD3,000.

      December 2010

    • AU-5.2.5

      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, should a fee have been paid for that year.

      December 2010

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to financial penalties for date sensitive requirements as outlined in Section EN-5.3A or may have their licenses withdrawn by the CBB.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