Finland: New schedule of processing fees for foreign UCITS funds, effective 1 January 2022
Processing fee also increased to €1,250
Foreign UCITS funds, effective 1 January 2022
The Financial Supervisory Authority of Finland (FIN-FSA) issued a new schedule for processing fees. The new schedule is effective 1 January 2022.
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 €50 to €1,750 plus an additional €200 for each additional (sub-)fund. The total maximum amount is increased by €100 to €3,500.
Furthermore, the processing 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 €50 to €1,250.
Read the full revised schedule (English) of processing fees.
Read a December 2021 report prepared by the KPMG member firm in Luxembourg
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.