Global Registration Services Market Update Q1 2023

The Financial Services and Markets Authority ("FSMA") has published its regulatory fees for 2022 for the maintenance of foreign UCITS and AIFs in Belgium with some minor increases as follows:

UCITS

• Initial notification fee (per sub-fund) – EUR 434 (previously EUR 422)
• Annual maintenance fee – EUR 2,965 (previously EUR 2,887)

AIFs

• AIFs distributed to retail investors – EUR 434 (previously EUR 422)
• Self-managed licensed third country AIFs distributed to professional investors – EUR 540 (previously EUR 525)
• Basis maintenance fee for all AIFs distributed to retail investors – EUR 18,520 (previously EUR 18,029)
• Self-managed licensed EEA AIFs distributed to retail investors (differs based on assets under management)