Information about regulatory fees and charges for cross-border activities

Regulatory fees and charges

Last updated: 15.8.2023

This page contains information on the fees and charges levied by Národná banka Slovenska for carrying out its duties in relation to the cross-border activities of AIFMs, EuSEF managers, EuVECA managers and UCITS management companies referred to in 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 regarding the cross-border notification of UCITS, AIF, EuVECA a EuSEF in the territory of Slovak republic:

No fees and charges are levied by Národná banka Slovenska for the notification of a cross-border distribution according to the Article 10(1) of the 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.

a) Cross-border distribution of a UCITS

Národná banka Slovenska does not charge any fees or charges to the UCITS management company in connection with the notification of the cross-border distribution of a UCITS fund in the territory of the Slovak Republic.

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

Národná banka Slovenska does not charge any fees or charges to the EU AIFM in connection with the notification of the cross-border distribution of an AIF in the territory of the Slovak Republic nor to the non-EU AIFM (having a proper authorization pursuant to the Article 37 of the AIFMD Directive)in connection with the notification of the cross-border distribution of an AIF in the territory of the Slovak Republic.

In the event that a non-EU AIFM is required to obtain an authorization pursuant to the Article 37 of the AIFMD Directive (the Article 66c of the Collective Investment Act) in the Slovak Republic due to the fact that the Slovak Republic would be a reference member state, the AIFM is required to pay a fee according to the Decree of the National Bank of Slovakia of 25 May 2021 no. 5/2021 on fees for actions of the National Bank of Slovakia (Annex, Part 2 – Capital Markets, Point 1 – Authorizations, letter d) activity of a non-European management company, in the amount of EUR 1,700).

c) Cross-border distribution of an AIF to retail investors

Any distribution of a foreign AIF to retail investors in the Slovak Republic is subject to the authorization procedure according to the Article 148 of the Collective Investment Act, i.e. Národná banka Slovenska grants authorization to a non-EU AIFM or an EU AIFM on the basis of the Article 43 of the AIFMD Directive, so that it is possible to distribute an AIF to retail investors in the Slovak Republic on a cross-border basis.

The authorization procedure is subject to fees pursuant to the Decree of the National Bank of Slovakia of 25 May 2021 no. 5/2021 on fees for actions of the National bank of Slovakia (Annex, Part 2 – Capital Markets, Point 1 – Authorizations, letter h) distribution of foreign securities or equity participations of alternative investment funds in the territory of the Slovak Republic to retail investors, in the amount of EUR 1,700).

In addition, the AIFM, which has been granted authorization pursuant to the Article 148 of the Collective Investment Act, shall pay annual contributions to Národná banka Slovenska pursuant to the Article 1 Section 1 and 3 letter i) of the Decision of the National Bank of Slovakia No. 7/2022 of 6 June 2022 on the determination of annual contributions and on the special contribution of supervised entities of the financial market for the year 2023, in the flat amount of EUR 3,400.

Fees and charges regarding the cross-border management of UCITS, AIF, EuVECA a EuSEF established in the territory of Slovak republic:

a) Management fees

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

Supervised entity: a foreign management company entitled to establish and manage UCITS, AIF, EuVECA and EuSEF in the territory of the Slovak Republic without the establishment of a branch or through a branch according to the Act No. 203/2011 Coll. on Collective Investments.

Legal basis: Article 40 Section 1 of the Act No. 747/2004 Coll. on Supervision of the Financial Market and on amendments and supplements to certain laws and the Article 1 Section 3 letter e) of the Decision of the National Bank of Slovakia No. 7/2022 of 6 June 2022 on the determination of annual contributions and on the special contribution of supervised entities of the financial market for the year 2023.

Amount: The amount of the contribution is determined in the Article 1 Section 3 letter e) of the Decision of the National Bank of Slovakia No. 7/2022 of 6 June 2022 on the determination of annual contributions and on the special contribution of supervised entities of the financial market for the year 2023 as a percentage of the volume of assets of the supervised entity. The basis of the contribution rate is determined according to the Article 2 Section 1 of the Decision of the National Bank of Slovakia No. 7/2022 of 6 June 2022 on the determination of annual contributions and on the special contribution of supervised entities of the financial market for the year 2023.

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

The decisions of Národná banka Slovenska regarding contributions and special allowance of supervised entities of the financial market are published in the dedicated web section Legislation related to fees and annual contributions.

Periodicity: annually

Due date: The supervised entity is obliged to pay the annual contribution as follows:

a) if the annual contribution exceeds the amount of EUR 300, it shall be paid in 4 equal installments; 1st payment until 20th January 2023, 2nd payment until 20th April 2023, 3rd payment until 20th July 2023 and 4th payment until 20th October 2023,

b) if the annual contribution does not exceed the amount of EUR 300, it shall be paid once until 20th January 2023.

Additional information: The procedure of determining the amount of annual contribution, including the payment details (IBAN and specific symbols) are stipulated in the Articles 5-8 of the Decision of the National Bank of Slovakia No. 7/2022 of 6 June 2022 on the determination of annual contributions and on the special contribution of supervised entities of the financial market for the year 2023.

Disclaimer: 

The fees or charges listed above are those that are levied by Národná banka Slovenska. However, marketing UCITS or AIFs in the Slovak Republic may incur other costs relating to administrative obligations, third-party advice, or commercial development. Národná banka Slovenska is not responsible for maintaining external websites and is not liable for any error or omission on any external website to which hyperlinks are provided on this webpage.