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Fund Distribution Alert 2020-23

Fund Distribution Alert 2020-23

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Said Fihri

Partner, ADV – Investment Services

KPMG in Luxembourg

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Denmark: Revised index for 2020 regulatory fees

On 8 December 2020, Finanstilsynet (the Danish FSA) revised and published its index for 2020 regulatory fees. Regulatory fees in Denmark are set at the 2016 level and adjusted with an index which is revised annually. The 2020 fees have an index of 134.04 - an increase of less than 1 % compared to last year.

As per Danish regulation, foreign UCITS notified in Denmark must pay a basic annual fee of DKK 17,500 in 2016 prices. Additionally, for each notification or application on cross-border marketing, a basic fee of DKK 5,500 in 2016 prices is due. Consequently, foreign UCITS are expected to pay an annual fee of DKK 23,457 plus DKK 7,372.20 for each marketing notification.

Similarly, foreign alternative investment fund managers (AIFM) which have notified AIFs for distribution in Denmark must pay a fee of DKK 4,400 per fund and an additional fee of DKK 4,400 per sub-fund in 2016 prices (DKK 5,897.76 in both instances, after applying the index). 

The Danish FSA normally issues its invoices in early December.

More information is available in English here.

Feel free to contact us should you require additional information.

Please note that any information provided is general in nature, is based on the latest publicly available information as analyzed on a best endeavor basis and does not constitute any specific legal opinion or advice.

Contact

Said Fihri
Partner
+352 22 51 51 7892
said.fihri@kpmg.lu


Stephanie Zedda
Director
+352 22 51 51 7271
stephanie.zedda@kpmg.lu

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