Fees and costs

The statement contains information on the fees collected and costs charged by the Czech National Bank in relation to the cross-border activities of alternative investment fund (AIF) managers, European Social Entrepreneurship Fund (EuSEF) managers, European Venture Capital Fund (EuVECA) managers and standard fund (UCITS) management companies in accordance with Article 9(1) and 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.

1 Fees and costs related to cross-border management of foreign investment funds in the Czech Republic

The Czech National Bank does not collect fees related to the cross-border management of foreign funds marketed in the Czech Republic.

2 Fees and costs related to cross-border marketing of foreign investment funds in the Czech Republic

2.1 A fee in connection with the launch of cross-border marketing in the Czech Republic and in connection with entry in the list of foreign investment funds maintained by the Czech National Bank

Update 7/2024: The Czech National Bank would like to inform the concerned entities that the amendment of the Act No. 240/2013 Coll. (on investment companies and investment funds) and the Act No. 634/2004 Coll. (on administrative fees), abolished the Czech fees related to foreign investment funds that are to be marketed in the Czech Republic and registered in the Czech National Bank’s list of foreign investment funds – with effect from 1 July 2024.

Foreign investment funds notified¹ for marketing in the Czech Republic^[1] are not subject to any Czech regulatory fees.

Foreign investment funds outside the notification regime whose management company requested for registration of such fund in the Czech National Bank’s list of foreign investment funds in order to be marketed in the Czech Republic are not subject to any Czech regulatory fees. The fee for acceptance of such application was abolished.

2.2 Fee for renewal of entry of foreign investment fund in the Register maintained by Czech National Bank

Foreign investment funds registered in the Czech National Bank’s list of foreign investment funds marketed in the Czech Republic are no longer subject to any Czech renewal fees.

The registration of a notified foreign investment fund in the Czech National Bank’s Register lasts until the fund is duly de-notified.

2.3 Fee for accepting application for assessment of comparability of foreign fund with special fund

a) Relevant legal regulations:

Act No. 634/2004 Coll., on administrative fees, as amended (external link) – item no. 66(8)(q) of the fee schedule, which is annexed to this act.
Act No. 240/2013 Coll., on management companies and investment funds, as amended (the “AMCIF”) – Article 297 of the AMCIF for the assessment of comparability of a foreign investment fund with a special fund.

b) Description of fee structure:

In the event of the marketing of investments in a foreign alternative investment fund (AIF) to the public (retail investors) the Czech National Bank collects an administrative fee totalling CZK 5,000 for acceptance of an application for an assessment of comparability of a foreign investment fund with a special fund.

The fee for accepting an application for an assessment of the comparability of a foreign fund with a special fund is a lump sum, totalling CZK 5,000 for each fund or subfund assessed.

c) Information on payment of fee and payment details

For the payment of a fee it is necessary to wait for a call from the Czech National Bank for its payment in which the Czech National Bank states to the applicant its account number and the relevant variable symbol. The applicant, usually the manager of the foreign alternative investment fund being assessed, is responsible for paying this fee.

A fee can be paid by wire transfer to an account of the Czech National Bank or in cash at a Czech National Bank branch. Information about Czech National Bank branches, including business hours, is available at the Czech National Bank website. A cash payment of a fee should be made in Czech koruna. A fee cannot be paid using revenue stamps.

In the case of domestic cashless payments, the following payment details are used:

Czech National Bank account number: 78-69193891/0710

Variable symbol: (will be communicated by the Czech National Bank in a call for payment of fee)

In the case of cashless payments from abroad, the fee is paid in the Czech currency, where it is necessary to use a payment instruction in international format.

Czech National Bank account number in international format:

Beneficiary: CZECH NATIONAL BANK

IBAN: CZ72 0710 0000 7800 6919 3891

BIC CODE: CNBACZPP

In order to ensure that the fee paid from abroad is credited to the Czech National Bank account in the correct amount in CZK, the payer must select “OUR” in the billing details (i.e. options SHA/OUR/BEN) when inputting the payment order.

^[1] No fee policy applies to:

Initial notification of the alternative investment fund (AIF) under Art 32 of Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers (AIFMD);
Initial notification of standard fund (UCITS) under Art 93 of Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS Directive);
Initial notification of the European Venture Capital Fund (EuVECA) under Art 16 of Regulation (EU) No 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds Text with EEA relevance;
Initial notification of the European Social Entrepreneurship Fund (EuSEF) under Art 17 of Regulation (EU) No 346/2013 of the European Parliament and of the Council of 17 April 2013 on European social entrepreneurship funds Text with EEA relevance.