Commencement

These Regulations shall come into force on the 1st August 2009. MADE by the Minister of Finance this 16th day of July, 2009. (DEAN O. BARROW) Minister of Finance, Minister responsible for Mutual Funds Printed in Belize by the Government Printer __________ Mutual Funds 15 SCHEDULE [regulation 3] [sections 3(3), 9(2)(b)(iii), 10(2)(b) and (4)(b), 19(1)(b) and (2)(a), 23(2)(a), 28(1) and (2)] FEES PART I Fee for issuing a Certificate of Compliance under section 3(3) The fee for issuing a Certificate of Compliance pursuant to section 3(3) is .......................... $50.00 PART II Application fees under sections 9(2)(b)(iii), 10(2)(b), 19(1) and (2)(a),23(2)(a) The fee for– (a) an application for registration under section 9(2)(b)(iii) is ................ $500.00 (b) an application for recognition under section 19(1) and (2) is ....................... $500.00 (c) an application for a licence under section 23(2)(a) is .............................. $500.00 16 Mutual Funds (d) an application for consent to be registered under section 10 is ............. $200.00 PART III Annual fees under section 28(1) and (2) (A) Fee payable for the year in which registration, recognition or licence is granted pursuant to section 28(1)– (1) Where registration, recognition or licence is granted on or before the 30th day of June in any year, the fee payable for that year is– (a) $3,500.00 by a registered public fund; (b) $2,500.00 by a recognised private or professional fund; (c) $2,000.00 by a person licensed as manager or administrator; and (d) $3,000.00 by a person licensed as both manager and administrator. (2) Where registration, recognition or licence is granted on or after the 1st day of July in any year, the fee payable for that year is– (a) $1,750.00 by a registered public fund; (b) $1,250.00 by a recognised private or professional fund; (c) $ 1,000.00 by a person licensed as manager or administrator; and Mutual Funds 17 (d) $1,500.00 by a person licensed as both manager and administrator. (B) The annual fee payable pursuant to section 28(2) is– (a) $3,500.00 by a registered public fund; (b) $2,500.00 by a registered or recognised private or professional fund; (c) $2,000.00 by a person licensed as manager or administrator; and (d) $3,000.00 by a person licensed as both manager and administrator. __________