Banks And Deposit Companies (Fees) Amendment Act 1995

Link to law: http://www.bermudalaws.bm/Laws/Annual%20Laws/1995/Acts/Banks%20And%20Deposit%20Companies%20%28Fees%29%20Amendment%20Act%201995.pdf

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Banks And Deposit Companies (Fees) Amendment Act 1995
The Laws of Bermuda
Annual Volume of Public Acts 1995 : 15

1

55

BERMUDA
1995 : 15

BANKS AND DEPOSIT COMPANIES (FEES) AMENDMENT ACT
1995

[Date of Assent 22 March 1995]

[Operative Date 22 March 1995]

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 1995.

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(Fees) Act 1975 is repealed and the following is substituted—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
1995

2

56

"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: $150,000

(b) where the bank has consolidated
gross assets (in all currencies) of
$2,000,000,000 or more in value: $1,000,000

PART II — Deposit Companies

Every deposit company $10,000".