Fund Distribution Alert 2025-03

Italy � Publication of 2025 CONSOB fees

Italy � Publication of 2025 CONSOB fees

On 24 January, resolution n. 23352 of the Commissione Nazionale per le Società e la Borsa (CONSOB) was published in the Official Journal of the Italian Republic. This resolution lays out the supervisory contribution amounts for the 2025 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 2025, 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 1,110.00

Foreign UCITS/ELTIF* distributed to the public

EUR 2,390.00

Foreign UCITS/ELTIF* with subscribers residing in Italy and that were closed for subscription before 2 January 2025

EUR 1,690.00

Foreign AIF distributed to professional investors

EUR 1,110.00

Foreign AIF distributed to the public

EUR 2,180.00

*ELTIF (European Long-Term Investment Fund) is a specific type of AIF.

The annual supervisory fees were due to CONSOB by 15 April 2025, following the issuance of payment notices. These notices were dispatched by the authority within 20 days prior to the due date and were sent to the designated contact persons indicated in the fee reports submitted in January. For further information,

Feel free to contact us should you require any additional information.

Contacts

Stéphanie Zedda

Partner
+352 22 51 51 7271
[email protected]

Henrik Olsson

Senior Manager
+352 22 51 51 7417
[email protected]