Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697637797934.pdf (Bahamas)
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I EXTRAORDINARY OFFICIAL GAZETTE THE BAHAMAS PUBLISHED BY AUTHORITY NASSAU l81h December, 2013 - .

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',) _.~ December 2013 l' .

I 11 11 11 I ' '' I , I I \ MINISTRY OF FINANCE S.I.

No.

113 of2013 INVESTMENT FUNDS ACT (CHAPTER 369A) I • THE INVESTMENT FUNDS (AMENDMENT) REGULATIONS, 2013 The Minister, in exercise of the powers conferred by section 62 of the Investment Funds Act, makes the following Regulations - Citation and Commencement.

1.
1.

(1) These Regulations which amend Regulations 1 , may be cited as the Investment Funds (Amendment) the Investment Funds Regulations, 2013 .. (2) These Regulations shall come into operation on the first day of January, 2014.

Amendment of Regulation 55 of the principal Regulations 2.
Regulation 55 of the principal Regulations is amended as follows - {a) {b) by renumbering regulation 55 as regulation 55 {1); by Inserting the following as paragraphs (2) and (3)- "(2) The annual fees payable in the first year on the grant of a licence under the Investment Funds Act.

shall be pro-rated from the date of licensing to December 31st of that year.

{3) Except for good reason and unless exempted by the Commission.

no fee payable to the Commission In relation to Schedule 12 shall be refundable."
Amendment of Schad ule 12 of the principal Regulations.

3.

The principal Regulations, are amended by repealing Schedule 12 and replacing it wlth the following Schedule - 1 Sub.

Leg., Vol VI.

Ch.

369A·l5 Page 11 I ~ • I I ~il I I 1: " SCHEDULE 12 (Regulation 55) A.
Table of Application and Annual Renewal Fees for Investment Funds licensed or registered under the Investment Funds Act Fund- Self Administered (Fast Tracked $1 ,000.00 $1 ,300.00 $2,000.00 $1,300.00 $1,000.00 $1,500.00 $2,000.00 $1,500.00 SMART Investment Fund- with Administrator $1 ,000.00 $1 ,300.00 SMART Tracked with Administrator (Fast $2,000.00 $1,300.00 SMART Investment Fund- Self Administered $1,000.00 $1 ,500.00 SMART Tracked Self Administered (Fast $2,000.00 $1,500.00 Recognized Foreign Fund $200.00 $900.00 Page 12 B.
Table of Principal Office Fees for Investment Funds licensed under the Investment Funds Act Investment Funds Standard Fund Professional Fund -with Administrator Professional Fund- Self Administered SMART Investment Fund- with Administrator SMART Investment Fund- Self Administered $650.00 $650.00 $650.00 $650.00 $650.00 Page I 3 C. Table of Application, Initial Licensing and Annual Renewal Fees for Investment Fund Administrators licensed under the Investment Funds Act '.
'-'!1 I Investment Fund Administrators Restricted Investment Fund Administrator (0-24 Funds) Restricted Investment Fund Administrator (25-49 Funds) Restricted Investment Fund Administrator (50 Funds or more) Exempted Investment Fund Administrator Representative of a Non- Bahamas Based Fund Unrestricted Investment Fund Administrator (0-24 Funds) Unrestricted Investment Fund Administrator (25-49 Funds) Unrestricted Investment Fund Administrator (50 Funds or more) .,.1 'l 1•1•' )r ... '!I I •I '• . '
.. $3,000.00 $5,500.00 $8,000.00 $4,500.00 $7,500.00 $13,000.00 $6,500.00 $9,500.00 $17,000.00 $2,000.00 $2,000.00 $2,000.00 $350.00 N/A $500.00 $6,500.00 $9,500.00 $13,000.00 $7,500.00 $10,500.00 $18,000.00 $9,500.00 $12,500.00 $22,000.00 Page 1 4 0.
Table of Administrative Fees under the Investment Funds Act Fee approval of the appointment or change In a director or chief executive officer of the Investment Fund Administrator {language in the Act) Re-Launching of a Dormant Fund Issuing, Fund Administrator of Shares of the Investment Reporting Officer {MLRO) of an Investment Fund Administrator an .. niYO'~"'n Letters of Good Standing Replacement Certificates {per certificate) Notification of change of name certificate (per certificate) extension request) Surrender of Registration Certificate Publication of advertisement in The Bahamas Application for a ' Exemption" or "Waiver" request $300.00 $650.00 $300.00 $500.00 $200.00 $200.00 $200.00 $500.00 $750.00 $200.00 $100.00 $200.00 Page 1 s E. Table of Late Fees under the Investment Funds Act late payment of Annual Renewal Fees 1/12 of the amount of the annual fee payable or portion thereof that remains outstanding.
late filing of Audited Financial Statements Made this 16th day of December A.D., 2013.

Signed PERRY G. CHRISTIE Minister of Finance Page 16