Fund Distribution Alert 2023-10
Norway: Regulatory fees to be introduced for UCITS & AIFs
Norway: Regulatory fees to be introduced for UCITS & AIFs
The Norwegian Ministry of Finance has issued an amending regulation on the issuance of regulatory fees.
Starting January 2024, regulatory fees will apply for funds marketed on a cross-border basis in Norway.
Below is an overview of the applicable ranges set by the regulation:
| Case | Regulatory fee |
| Notification of alternative investments funds (AIFs), where either the fund or manager is based outside the EEA | Minimum NOK 5,000 and maximum NOK 30,000. |
| Notification of EEA AIFs | Minimum NOK 5,000 and maximum NOK 30,000. |
| Notification of EEA UCITS | Minimum NOK 5,000 and maximum NOK 30,000. |
| Yearly fee for AIFs where either the fund or manager is based outside the EEA | Maximum NOK 10,000 |
| Yearly fee for EEA AIFs | Maximum NOK 10,000 |
| Yearly fee for EEA UCITS | Maximum NOK 10,000 |
The Norwegian Financial Supervisory Authority (Finanstilsynet) is responsible for setting the exact fees.
The regulation can be accessed here (in Norwegian).
Please feel free to contact us should you require any additional information.
Contacts
Said Fihri
Partner
+352 22 51 51 7892
said.fihri@kpmg.lu
Stephanie Zedda
Director
+352 22 51 51 7271
stephanie.zedda@kpmg.lu
Henrik Olsson
Senior Manager
+352 22 51 51 7417
henrik.olsson@kpmg.lu
