• FEES 3.11 FEES 3.11 Application by an Authorised Fund Manager to manage a Foreign Fund pursuant to FUND Rule 7.2.1

    • FEES 3.11.1

      A Fund Manager applying to manage a Foreign Fund must pay to Regulator an application fee of $1,000.

    • FEES 3.11.2

      A Fund Manager managing a Foreign Fund is not required to pay an annual supervision fee to the Regulator.

    • FEES 3.11A FEES 3.11A Management of a Domestic Fund by a Foreign Fund Manager

      • FEES 3.11A.1

        A Foreign Fund Manager providing a declaration to the Regulator of its intention to manage a Domestic Fund in accordance with FUND Rule 7.1.1 must pay to Regulator a fee of $5,000.

    • FEES 3.11B FEES 3.11B Managing a Collective Investment Fund restricted to Venture Capital Funds

      • FEES 3.11B.1

        An Applicant for a Financial Services Permission to carry on:

        (a) the Regulated Activity of Managing a Collective Investment Fund restricted to Venture Capital Funds; and
        (b) one or both of the Regulated Activities of Advising on Investments or Credit and Arranging Deals in Investments where those activities are restricted to coinvestments in assets in which a Venture Capital Fund managed by the Authorised Person has invested or will invest;
        must pay to the Regulator an initial authorisation fee of $5,000.

      • FEES 3.11B.2

        An Applicant referred to in Rule 3.11B.1 must also pay an annual supervision fee of $5,000 after receiving a Financial Services Permission.

      • Guidance

        The fees referred to in Rules 3.11B.1 and 3.11B.2 do not apply where an Applicant intends to carry on one or both of the Regulated Activities of Advising on Investments or Credit and Arranging Deals in Investments and where those activities are not restricted to co-investments in assets in which a Venture Capital Fund managed by the Authorised Person has invested or will invest. In those circumstances the relevant provisions of Rules 2.2.1 and 2.2.2 apply.