Information about regulatory fees and charges for cross-border activities

Regulatory fees and charges

Last updated: 14.2.2024

This page contains information on the fees and charges levied by Národná banka Slovenska for performing its duties in relation to the cross-border activities of AIFMs, EuSEF managers, EuVECA managers and UCITS management companies under Article 10(1) of Regulation (EU) 2019/1156 of the European Parliament and of the Council of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings.

Fees and charges relating to notification of the cross-border distribution of UCITS, AIFs, EuVECAs and EuSEFs in the territory of Slovakia:

Národná banka Slovenska does not levy any fees or charges relating to the notification of cross-border distribution.

a) Cross-border distribution of a UCITS

Národná banka Slovenska does not impose any fees or charges on UCITS management companies in relation to the notification of the cross-border distribution of a UCITS fund in the territory of Slovakia.

b) Cross-border distribution of AIFs to other than retail investors

Národná banka Slovenska does not impose any fees or charges on EU AIFMs in relation to the notification of the cross-border distribution of an AIF in the territory of Slovakia, nor on non-EU AIFMs (duly authorised pursuant to Article 37 of the AIFMD) in relation to the notification of the cross-border distribution of an AIF in the territory of Slovakia.

If a non-EU AIFM is required to obtain authorisation pursuant to Article 37 of the AIFMD Directive (Section 66c of the Act on Collective Investment) in Slovakia due to the fact that Slovakia would be the Member State of reference, the AIFM is required to pay a feeof €1,700, as stipulated in Decree No 5/2021 of Národná banka Slovenska of 25 May 2021 on fees for acts performed by Národná banka Slovenska (Annex, Part 2 – Capital Markets, Point 1 – Authorisations, letter (d) activity of a non-EU management company).

c) Cross-border distribution of AIFs to retail investors

Any distribution of a foreign AIF to retail investors in Slovakia is subject to the authorisation procedure under Section 148 of the Act on Collective Investment, i.e. Národná banka Slovenska may authorise non-EU AIFM and EU AIFMs on the basis of Article 43 of the AIFMD Directive, so that AIFs can be distributed to retail investors in Slovakia on a cross-border basis.

The authorisation procedure is subject to a fee of €1,700, as stipulated in Decree No 5/2021 of Národná banka Slovenska of 25 May 2021 on fees for acts performed by Národná banka Slovenska (Annex, Part 2 – Capital Markets, Point 1 – Authorisations, letter (h) distribution to retail investors in Slovakia of foreign securities or equity participations of alternative investment funds).

In addition, AIFMs authorised pursuant to Section 148 of the Act on Collective Investment must pay an annual contribution of €3,400 to Národná banka Slovenska pursuant to Section 1(1) and (3)(i) of Decision No 6/2023 of Národná banka Slovenska of 22 May 2023 setting the annual contributions and special contributions payable in 2024 by supervised financial market participants (hereinafter ‘Decision No 6/2023′).

Fees and charges relating to the cross-border management of UCITS, AIFs, EuVECAs and EuSEFs established in the territory of Slovakia:

a) Management fees

Type of fee: Annual contribution of a supervised entity for the supervision and related activities of Národná banka Slovenska.

Supervised entity: a foreign management company which in Slovakia, without establishing a branch, establishes and manages funds pursuant to the Act No 203/2011 on Collective Investments.

Legal basis: Section 40(1) of Act No 747/2004 on financial market supervision and Section 1(3)(e) of the Decision No 6/2023. 

Amount: The amount of the contribution is set in Section 1(3)(e) of Decision No 6/2023 as a percentage of the volume of assets of the supervised entity. The basis of the contribution rate is determined pursuant to Section 2(1) of Decision No 6/2023.

The amount of the contribution is notified by Národná banka Slovenska in a notification of the control calculation of the amount of the annual contribution and in a notification of the amount of the special contribution.

Decisions of Národná banka Slovenska regarding contributions of supervised entities  can be found on the NBS website page entitled Fees and contributions – legislation.

Periodicity: annually

Due date: The supervised entity must pay the annual contribution as follows:

a) if the annual contribution exceeds €300, in four equal instalments as follows: 1st payment by 20 January 2024; 2nd payment by 20 April 2024; 3rd payment by 20 July 2024; and 4th payment by 20 October 2024;

b) if the annual contribution does not exceed €300, in a single instalment by 20 January 2024.

Additional information: The procedure for determining the amount of an annual contribution, including payment details (IBAN and specific codes) are laid down in  Sections 5 to 8 of Decision No 6/2023.

Disclaimer: 

The fees or charges mentioned above are those levied by Národná banka Slovenska. However, the marketing of UCITS or AIFs in Slovakia may incur other costs relating to administrative obligations, third-party advice, or commercial development. Národná banka Slovenska is not responsible for maintaining external websites, nor is it liable for any error or omission on any external website to which hyperlinks are provided on this webpage.