Custodian fees require specified application, registration and annual payments with mandatory electronic payment and certified asset reporting. Prescribes application, registration and annual fees for custodians, with the annual fee being the higher of a fixed amount or a percentage of the 'assets under custody' as disclosed by the custodian. Fees must be paid electronically via specified channels. The annual fee is payable for each financial year within one month of year-end; registrants admitted during a year pay a proportionate fee for that year and full fees thereafter, with prior payments adjusted where applicable. Annual fee payment must include a prescribed statement of assets under custody certified by the functional head of custody services.