Prescribed fees

The following fees are hereby prescribed for banks and financial institutionsA. INITIAL LICENCE FEE For banks ........................................ BZ$25,000.00 For financial institutions ................. BZ$10,000.00 B. ANNUAL LICENCE FEE For banks ........................................ 0.015% of total assets as reported in the previous financial year’s audited financial statements, or BZ$25,000.00, whichever is greater. For financial institutions ................. BZ$10,000.00 C. APPLICATION FEE For banks & financial institutions .. BZ$5,000.00 (non- refundable).