Fund Distribution Alert 2024-01
Italy – Publication of 2024 CONSOB fees.
Italy – Publication of 2024 CONSOB fees.
On 23 January, resolution n. 22195 of the Commissione Nazionale per le Società e la Borsa (CONSOB) was published in in the Official Journal of the Italian Republic. This resolution lays out the supervisory contribution amounts for the 2024 financial year.
All the regulatory fees, which apply to foreign AIFs and UCITS funds that are authorized for distribution in Italy as of 2 January 2024, were slightly increased and are as follows:
| Funds subject to contribution | Contribution amount (per sub fund/stand-alone fund) |
|---|---|
| Foreign UCITS distributed to professional investors |
EUR 1,085.00 |
| Foreign UCITS/ELTIF* distributed to the public | EUR 2,345.00 |
| Foreign UCITS/ELTIF* with subscribers residing in Italy and that were closed for subscription before 2 January 2024 | EUR 1,655.00 |
| Foreign AIF distributed to professional investors | EUR 1,085.00 |
| Foreign AIF distributed to the public | EUR 2,140.00 |
*ELTIF (European Long-Term Investment Fund) is a specific type of AIF.
The fees shall be paid upon receipt of CONSOB’s payment notice and no later than 15 April 2024. The CONSOB will send payment notices within 20 days before the deadline to the UCITS or the management company’s contact person, who is referred to in the CONSOB fee report submitted in January 2024.
For further information, please refer to the following link.
Feel free to contact us should you require any additional information.
Contacts
Said Fihri
Partner
+352 22 51 51 7892
said.fihri@kpmg.lu
Henrik Olsson
Senior Manager
+352 22 51 51 7417
henrik.olsson@kpmg.lu