The Italian CONSOB has published the fee schedule applicable in 2020 to foreign funds marketed in Italy.
The approach to the CONSOB fees has changed in 2020. The fixed fees applicable until 2019 are no longer available; a fee per single fund or per sub-fund of umbrella structures shall apply only since 2020.
2020 fees are calculated in accordance to the type of offer and the category of funds marketed in Italy:
- Eur 900 per single fund or sub-fund marketed to professional investors only
- Eur 1,945 per single UCITS fund or UCITS sub-fund distributed to retail investors
- Eur 1,775 per single AIF fund or AIF sub-fund distributed to retail investors
- Eur 1,375 per single closed-ended fund or closed-ended sub-fund distributed to retail investors
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