Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698838441620.pdf (Saint Kitts and Nevis)
SAINT CHRISTOPHER AND NEVIS STATUTORY RULES AND ORDERS No.

1 of 2021 ISLAND OF NEVIS The Minister of Finance in exercise of the powers conferred upon him by section 84 of the Nevis International Banking Ordinance, No.

1 of 2014, and all other powers thereunder enabling him makes the following Regulations [Published 18th February 2021, Official Gazette No.

8 of 2021] 1.

Citation.

These Regulations may be cited as the NEVIS INTERNATIONAL BANKING REGULATIONS, 2021.

2.

Interpretation.
2.

Interpretation.

“Ordinance” means the Nevis International Banking Ordinance, No.

1 of 2014; 2.

Applicable fees.

The prescribed fees under the Ordinance, fees for the processing of requests for regulatory approval and fees for ancillary matters shall be non-refundable and are specified in Schedule 1 (A) and (B) to these Regulations.

3.

Repeal.

Schedule 1 of the Nevis International Banking Regulations, No.

2 of 2015 is hereby repealed and replaced with Schedule 1(A) and (B) to these Regulations.
4.

Commencement.

These Regulations shall come into effect on the 1st day of February, 2021.
SCHEDULE 1 (A) (Regulation 3) Table of prescribed Fees The matter in respect of which the prescribed fee is payable Amount of fee in United States Dollars (US$) Enabling sections of the Ordinance Initial licence fee Application fee Administrative fee Annual licence fee 100,000.00 7,500.00 2,500.00 100,000.00 Section 8(2) Section 9(2)(h) Section 10(2) Section 8(2) 2 SCHEDULE 1 (B) Table of fees for the processing of regulatory requests for approval and fees for ancillary matters Regulatory Requests for Approval and ancillary matters Amount of fee in United States Dollars (US$) Change of shareholder/director/senior management or other control person Amendments to ownership structure Approval for issue, transfer, disposal of shares (no change in control) Approval for change of particulars Approval for change of name Approval for altering articles of incorporation and by laws Approval for appointment of auditors Request Extension of time for filing of regulatory reports Amendments to the business plan Approval for use of the word “Bank” and its derivatives Approval for registered office or change of registered address Approval of maintenance of reserve fund Approval for voluntary winding up Approval to enter into a merger, amalgamation or consolidation Request for approval of subsidiary/sales office Regulatory request letter Request for change in auditor Request for extension of submission of quarterly returns Request for extension of submission of audited financial statements Miscellaneous request Onsite
 examination fee – subsidiaries and overseas based operations Late submission of Quarterly Returns Late submission of audited financial statements 1,000.00 1,000.00 500.00 500.00 1,000.00 500.00 250.00 150.00 500.00 500.00 200.00 500.00 2,500.00 2,500.00 2,500.00 350.00 250.00 150.00 150.00 300.00 20,000.00 5,000.00 and 500.00 for each day in default 1,500.00 & 150.00 for each day in default Dated this 27th day of January, 2021.
HON.

MARK A.G. BRANTLEY Minister responsible for Finance GOVERNMENT PRINTERY ST KITTS W I