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EN-5.3A.3

Financial penalties related to late filing or other date sensitive requirements are calculated as per the following per diem basis:

(a) Where the financing companyG licensee'sG total consolidated assets are less than or equal to BD 50 million, the financial penalty for late filing is BD 100 per day;
(b) Where the financing companyG licensee'sG total consolidated assets are greater than BD 50 million but less than or equal to BD 250 million, the financial penalty for late filing is BD 200 per day;
(c) Where the financing companyG licensee'sG total consolidated assets are greater than BD 250 million, the financial penalty is BD 400 per day;
(e) For new financing companyG licenseesG who have yet to provide audited financial statements, the financial penalty is BD 100 per day;
(f) For all Volume 5 specialised licenseesG , other than financing companyG licenseesG , the financial penalty under this Section is BD 40 per day.
Amended: April 2017
Added: October 2012
 Versions
(2 Versions)
 
Oct 1 2012 - Mar 31 2017Apr 1 2017 onwards
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