Section 8: Licence fees

Banking Act · PART II: LICENSING OF BANKS AND OTHER FINANCIAL INSTITUTIONS

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

8. Licence fees The holder of a licence shall pay to the central bank such annual licence fee as the central bank may determine by regulations made by the central bank, with the approval of the Minister. [S. 8 amended by s. 4 (d) of Act 9 of 2015 w.e.f. 14 May 2015.] B3 – 13 [Issue 9] Banking Act

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Questions this section answers

Must a bank pay an annual fee to keep its licence?