Annual fees
2.—(1)  Every merchant bank approved as a financial institution under section 28 of the Act shall pay to the Authority a fee of $35,000 for each year or part thereof in respect of its supervision by the Authority.
[S 804/2014 wef 01/01/2015]
(2)  The Authority may, where it considers appropriate, waive or refund wholly or in part the fee payable under sub-paragraph (1).