Oman Central Bank Circular No. BM731/1994
Revision of the Application and License Fees Paid by Banks
Type
Regulatory
Agency
Oman Central Bank
Issued on
24 Jul 1994 (corresponding to 15 Safar 1415 H)
Jurisdiction
Oman
Taxonomy
Financial Institutions, Banks, Financial Services & Activities, Payment & Payment Systems
To: All Licensed Banks Operating in the Sultanate of Oman
Subject: Revision of the Application and License Fees Paid by Banks
Further to our Oman Central Bank Circular No. BM729/1994 dated 28 June 1994, CBO is pleased to inform banks that Annual License Fees will not be charged in respect of Electronic Funds Transfer Point of Sale (EFTOPS) terminals with effect from the licensing year 1995 that is from 1st January 1995.
Accordingly, banks should consider Item (F) Article 2 of Oman Central Bank Circular No. BM729/1994 having been amended.
Best regards,
Hamood Sangour Al-Zadjali
The Executive President