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Maroc Maroc - HARNEYS.COM - A La Une - 30/Jan 21:44

The Bermuda Monetary Authority Amendment (No. 3) Act 2018

The Bermuda Monetary Authority Amendment (No. 3) Act 2018 represents a significant legislative update aimed at revising and standardising the fee structures across various financial sectors regulated by the Bermuda Monetary Authority. This Act, which came into effect on January 1, 2019, introduces amendments to the Fourth Schedule of the Bermuda Monetary Authority Act 1969, alongside consequential changes to other related legislation, including the Banks and Deposit Companies (Fees) Act 1975, the Investment Funds Act 2006, and others. The overarching goal of these amendments is to ensure a more structured and transparent fee framework for entities operating under the purview of the BMA.

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