Fund Distribution Alert 2021-01
Fund Distribution Alert 2021-01
Finland:
New schedule of processing fees effective 1 January 2021
The Financial Supervisory Authority of Finland (FIN-FSA) has issued a new schedule of processing fees, effective 1 January 2021.
The processing fees for foreign UCITS funds, specified as “marketing in Finland of shares in a UCITS or collective investment undertaking managed by an EEA management company” are increased by EUR 100 to EUR 1,700, + 200 per each additional (sub-)fund. The total maximum amount is increased by EUR 200 to EUR 3,400.
Furthermore, the fee for the “marketing of an AIF managed by an entity authorized or registered in the EEA in Finland or another EEA country” is also increased by EUR 100 to EUR 1,200.
The full reworked schedule of the processing fees may be accessed 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
© 2022 KPMG Luxembourg, Société anonyme, with registered office at 39, Avenue John F. Kennedy, L-1855 Luxembourg, registered with RCS Luxembourg under number B149133, and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.