Home / CY AIFM Law of 2013 / PART ΙΧ – SUPERVISION RULES / CHAPTER 1 - Designation, powers and redress procedures / Section 73 -  Fees and annual contributions.

Fees and annual contributions.

73.-(1) The Commission may, by directive, determine-

(a) the AIFMs regulated by the Commission which shall submit fees for the purposes of application of this Law and the amount of those fees; and

(b) the AIFMs which shall submit annual contributions at the end of each calendar year for the purposes of application of this Law and the amount of those annual contributions.

(2) The Commission may, by directive, determine the applications and/or notifications for which fees are due for the application of any provision of this Law and, in general, determine every relevant issue regarding fees and annual contributions referred to in this section.

(3) The fees and annual contributions defined in this section shall be calculated as revenue of the Commission, and, in case of non-payment, further to the measures taken in accordance with the provisions of this Law, additional measures shall be taken for their receipt in accordance with the provisions of Cyprus Securities and Exchange Commission Law, as amended.