• Insurance Special Purpose Vehicles

    • FEES 3.2.8

      An Applicant for a Financial Services Permission to carry on the Regulated Activities of Effecting or Carrying Out Contracts of Insurance as an Insurance Special Purpose Vehicle must pay to the Regulator an initial authorisation fee of $5,000.

    • FEES 3.2.9

      An Applicant for a Financial Services Permission to carry on the Regulated Activities of Effecting or Carrying Out Contracts of Insurance as an Insurance Special Purpose Vehicle must pay to the Regulator an initial authorisation fee of:
      (a) $5,000 for each Cell Company; and
      (b) $1,000 for each individual Cell of a Cell Company.

    • FEES 3.2.10

      The Applicant referred to in paragraph 3.2.8 must also pay an annual supervision fee of $5,000 for each Regulated Activity for which it has obtained a Financial Services Permission.

    • FEES 3.2.11

      Applicants referred to in paragraph 3.2.9 must also pay an annual supervision fee of:
      (a) $5,000 for each Cell Company; and
      (b) $1,000 for each individual Cell of a Cell Company.