Section 44

a licence fee upon being licensed;

a fee upon obtaining the consent of the Bank under section 30 (a) for opening any office in Malaysia other than the office at the principal place of business; and

an annual fee on the licence so issued and in respect of each office, including the office at the principal place of business, each of such fee to be paid not less than one month before the anniversary date of the issue of the licence, of such amount, or calculated at such rate or in such manner as the Minister may prescribe on the recommendation of the Bank.

The Minister may prescribe under subsection (1) different fees for licences issued for the different businesses specified in section 4, or for different classes or categories of licensed institutions determined according to the size or location of the institutions, or on the basis of any other criteria deemed appropriate by the Bank in making its recommendations to the Minister.

For the purposes of this section, the size of a licensed institution shall be determined in relation to the number of offices it has in and outside Malaysia, or to the value of its assets or of any category of its assets, or to the amount of its liabilities or of any category of its liabilities, or to any combination thereof.