Information about regulatory fees and charges for cross-border activities

Regulatory fees and charges

Last updated: 23.09.2021

This page contains information on the fees and charges levied by National Bank of Slovakia 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 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 National bank of Slovakia

Supervised entity: 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 Nr. 203/2011 Coll. on collective investments

Legal basis: Article 40 point 1 Act Nr. 747/2004 Coll. o Supervision of the Financial Market and on amendments and supplements to certain laws

and

Article 1 point 3 e) of the Decision of National bank of Slovakia No 4/2021 of 8 June 2021 on the setting of annual contributions and special allowances of supervised entities of the financial market for 2022

Amount: The amount of the contribution is determined in the Article 1 pont 3 e) of the Decision of Národná banka Slovenska No 4/2021 of 8 June 2021 on the setting of annual contributions and special allowances of supervised entities of the financial market for 2022 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 point 1 of the Decision of National bank of Slovakia No 4/2021 of 8 June 2021 on the setting of annual contributions and special allowances of supervised entities of the financial market for 2022.

The amount of the contribution is determined by the National Bank of Slovakia by a decision issued in the calendar year preceding the calendar year for which the contribution shall be paid. The decisions of the National Bank of Slovakia are published on the following link:

/dohlad-nad-financnym-trhom-prakticke-informacie/poplatky-a-prispevky/prispevky

Periodicity: yearly

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

a) if the annual contribution exceeds the amount of 300,- €, it shall be paid in 4 equal payments; 1^st payment until January 20th, 2022, 2^nd payment until April 20^th, 2022, 3^rd payment until July 20^th, 2022 and 4^th payment until October 20^th, 2022,

b) if the annual contribution does not exceed the amount of 300,- €, it shall be paid once until January 20th, 2022.

Additional information: The procedure of determining the amount of annual contribution, including the payment details (IBAN and specific symbols) are stipulated in Articles 5-8 of the Decision of National bank of Slovakia No 4/2021 of 8 June 2021 on the setting of annual contributions and special allowances of supervised entities of the financial market for 2022

No fees and charges are levied by National Bank of Slovakia in relation to cross-border cross-border marketing 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 .

Disclaimer: The fees or charges listed above are those that are levied by National bank of Slovakia. However, marketing UCITS or AIFs in Slovak republic may incur other costs relating to administrative obligations, third-party advice or commercial development. National bank of Slovakia 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.