Banks And Deposit Companies (Fees) Amendment Act 1994
The Laws of Bermuda
Annual Volume of Public Acts 1994 : 15

1

115

BERMUDA
1994 : 15

BANKS AND DEPOSIT COMPANIES (FEES) AMENDMENT ACT
1994

[Date of Assent 24 March 1994]

[Operative Date 24 March 1994]

WHEREAS it is expedient to amend the Banks and Deposit
Companies (Fees) Act 1975:

Be it enacted by The Queen's Most Excellent Majesty, by and
with the advice and consent of the Senate and the House of Assembly of
Bermuda, and by the authority of the same, as follows:

Short title
1 This Act may be cited as the Banks and Deposit Companies
(Fees) Amendment Act 1994.

Repeal and replacement of Second Schedule to Act No 21 of 1975
2 The Second Schedule to the Banks and Deposit Companies
(Fees) Act 1975 is repealed and the following is substituted—

BANKS AND DEPOSIT COMPANIES (FEES) AMENDMENT ACT
1994

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116

"SECOND SCHEDULE

(Sections 3(2) and 3A))

ANNUAL FEES
PART I - Banks

(a) where the bank has consolidated gross assets
(in all currencies) of less than $2,000,000,000
in value: $100,000

(b) where the bank has consolidated gross assets
(in all currencies) of $2,000,000,000 or more in
value: $750,000

PART II - Deposit Companies

Every deposit company $5,000".