List of Fees

The fees applicable are specified in Law 10/2013, of 23 May, of the Andorran Financial Authority [Llei 10/2013, del 23 de maig, de l’Autoritat Financera Andorrana] and specifically in the following articles:

Article 28 - Authorisation fee for the creation of a new operating entity in the Andorra financial system.

The fee payable is determined by a fixed amount depending on the entity type, in accordance with what is established below:

Article 34 –Andorran Collective Investment Schemes Management Companies annual fee of supervision

The fee payable is a fixed amount of €3.429.

As for the collective investment schemes management companies that carry out the activity of discretionary and individualized management of portfolios, or investment advice, or functions related to the custody and administration of investment fund shares, the fee payable is increased by €2.286.

Article 37 –Financial Entities and Collective Investment Schemes Management Companies Annual fee of supervision on a consolidated basis

The fee payable is determined by a fixed amount that is made up of:

• An annual fee of supplementary supervision, that corresponds to supervision on a consolidated basis at a fee of €5.715 for all financial entities and collective investment schemes management companies subject to supervision on a consolidated basis by the AFA, if applicable.
• An annual supplementary supervision fee, that corresponds to supervision on a consolidated basis, for all those financial entities subsidiaries and collective investment schemes management companies that are under the supervision of a foreign financial or insurance supervisory authority, in accordance with what is established below

Article 40 - Fees for the pre-authorisation process and/or registration with the AFA.

The fee payable is determined by a fixed amount in accordance with what is established below: