Circular

The Securities and Exchange Commission hereby notifies all registered Fund/Portfolio Managers that further to the amendment to the Rules on Supervisory and Regulatory Fees approved in December 2024, the payment of Supervisory and Regulatory Fees would henceforth be made on a quarterly basis. The fees should be remitted on or before the last day of the succeeding month after the end of every quarter.

Fund/Portfolio Managers are advised to take steps to effect compliance with the new requirement as appropriate penalties would be imposed on erring firms.

 

Signed
Management