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  • AU-5 AU-5 License Fees

    • AU-5.1 AU-5.1 License Application Fees

      • AU-5.1.1

        Applicants seeking an ancillary service provider license from the CBB AU-5.1.1 must pay a non-refundable license application fee of BD 100 at the time of submitting their formal application to the CBB.

        April 2016

      • AU-5.1.2

        There are no application fees for those seeking approved persons status.

        April 2016

    • AU-5.2 AU-5.2 Annual License Fees

      • AU-5.2.1

        Licensees must pay the relevant annual license fee to the CBB on 1st December of the preceding year for which the fee is due.

        April 2016

      • AU-5.2.2

        The applicable fixed annual license fees are as follows:

        (a) Third party administrators - BD 2,000;
        (b) Card processing services - BD 1,000;
        (c) Operating a credit reference bureau - BD 100,000;
        (d) Payment service providers - BD 2,000;
        (e) Shari’a advisory/review services - BD 500;
        (f) Operating a crowdfunding platform - BD 200;
        (g) Account information service providers - BD 1,000;
        (h) Payment initiation service providers - BD 1,000;
        (i) Any other ancillary services that are related to the financial services industry - BD 500.
        Amended: October 2020
        Added: April 2016

      • AU-5.2.2A

        Licensees providing multiple regulated ancillary services are required to pay the annual license fees applicable for each activity in accordance with Paragraph AU-5.2.2.

        Added: January 2021

      • AU-5.2.3

        For new licensees, their first annual license fee is the amount stated in Paragraph AU-5.2.2 and is payable when their license is issued by the CBB.

        April 2016

      • AU-5.2.4

        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.

        April 2016

      • 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.

        April 2016

      • 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.

        April 2016