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C4-1.1.32

Category 4 investment firms must pay a variable annual licensing fee based on 0.25% of their relevant operating expenses, subject to:

(a) a minimum (‘floor’) of BD 750 and a maximum (‘cap’) of BD 2,000 for operators of venture Capital CIUs; and
(b) a minimum (‘floor’) of BD 2,000 and a maximum (‘cap’) of BD 6,000 for operators of other CIUs.
Added: January 2022