Fees and charges

This page contains information on the fees and charges levied by The Danish Financial Supervisory Authority 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.

Cross-border management fees and charges – UCITS *

Foreign investment undertakings that market its units in Denmark must pay fees pursuant to Chapter 22 of the Danish Financial Businesses act:

  • An investment undertaking must pay an annual basic fee of DKK 5,000 if they market less than 10 sub-funds in Denmark.
  • An investment undertaking must pay an annual basic fee of DKK 11,000 if they market 10 or more sub-funds in Denmark.

In accordance with article 93 (7) of Directive 2009/65/EC, the Danish FSA expect to be notified if there are any changes to this registration.

Cross-border marketing fees and charges - AIFM*

1) Section 361, PCS. 7. No. 1

Managers of alternative investment funds with registered headquarters in another country within the European Union or a country with which the Union has entered into an agreement in the financial area, which according to section 88 of the Act on managers of alternative investment funds etc. markets units in an alternative investment fund from another country within the European Union or a country with which the Union has entered into an agreement in the financial area in Denmark pay an annual basic amount to the Danish Financial Supervisory Authority of DKK 5,000.

Managers of alternative investment funds and alternative investment funds notified for marketing in Denmark after article 32 in AIFMD act. pays according to this section of the Danish Financial Business Act.

2) Section 361, PCS. 7. No. 2

Managers of alternative investment funds with registered headquarters in another country within the European Union or a country with which the Union has entered into an agreement in the financial area, which according to section 109 of the Act on managers of alternative investment funds etc. has permission to market shares in an alternative investment fund from a third country in Denmark pay an annual basic amount to the Danish Financial Supervisory Authority of DKK 8,000.

Managers of alternative investment funds and alternative investment funds notified for marketing in Denmark after article 36 in AIFMD act. pays according to this section of the Danish Financial Business Act.

3) Section 361, PCS. 7. No. 3

Managers of alternative investment funds with registered headquarters in a third country, who according to section 130 of the Act on managers of alternative investment funds etc. has permission to market shares in an alternative investment fund from a third country in Denmark pay an annual basic amount to the Danish Financial Supervisory Authority of DKK 8,000.

Managers of alternative investment funds and alternative investment funds notified for marketing in Denmark after article 42 in AIFMD act. Pays according to this section of the Danish Financial Business Act.

4) Section 361, PCS. 7. No. 4

Managers of alternative investment funds with registered headquarters in another country within the European Union or a country with which the Union has entered into an agreement in the financial area, which according to section 95 of the Act on managers of alternative investment funds etc. manages alternative investment funds established in Denmark pay an annual basic amount to the Danish Fi-nancial Supervisory Authority of DKK 4,100.

Managers of alternative investment funds and alternative investment funds notified for marketing in Denmark after article 42 in AIFMD act. Pays according to this section of the Danish Financial Business Act.

5) Section 361, PCS. 7. No. 5

Managers of alternative investment funds with registered headquarters in another country within the European Union or another country with which the Union has entered into an agreement in the financial area, which according to section 95 of the Act on managers of alternative investment funds etc. has established a branch in Denmark, pays an annual basic amount to the Danish Financial Supervisory Authority of DKK 4,100.

Managers of alternative investment funds and alternative investment funds notified for marketing in Denmark after article 33 in AIFMD act. Pays according to this section of the Danish Financial Business Act.

6) Managers of alternative investment funds with registered headquarters in another country within the European Union or another country with which the Union has entered into an agreement in the financial area, which according to section 95 of the Act on managers of alternative investment funds etc. has established a branch in Denmark, pays an annual basic amount to the Danish Financial Supervisory Authority of DKK 4,100.

EuSEF and EuVECA managers

No fees and charges concerning EuSEF and EuVECA managers are levied by The Danish Financial Supervisory Authority in accordance with Article 17(2) of Regulation (EU) 246/2013 of the European Parliament and the council of 17 April 2013 and Article 16(2) of Regulation (EU) 245/2013 of the European Parliament and the council of 17 April 2013.

Investment firms

  1. Investment firms from an EU/EEA country that have notified branch establishment in Denmark, cf. § 38 of the FMS Act pay an annual basic amount to the Danish Financial Supervisory Authority of DKK 8,000.
  2. Investment firms from an EU/EEA country which conduct their business in Denmark through affiliated agents established in the country pay an annual basic amount to the Danish Financial Supervisory Authority of DKK 8,000.
  3. Investment firms from a third country that have notified branch establishment in Denmark, cf. § 43 of the FMS Act., pay an annual basic amount to the Danish Financial Supervisory Authority of DKK 15,000.
  4. Investment firms from a third country that provide cross-border services with investment services and activities pursuant to a license granted pursuant to Section 41 of the FMS Act. pay an annual basic amount to the Danish Financial Supervisory Authority of DKK 8,000.

Payment to the DFSA

Information on payments to the Danish FSA and relevant regulation

* Section 361(1) of the Financial Business Act lists all the fixed fees (2016 level) collectable by The Danish Financial Supervisory Authority. These fixed fees are adjusted annually, equivalent to the change in the appropriation to The Danish Financial Supervisory Authority in each year's Finance Act. The fees and charges listed above are the 2021 level. 

**No fees and charges are levied by The Danish Financial Supervisory Authority.

Last updated 17-09-2024