Frequently asked questions about fees

Why is the fee on my invoice different from the one I can see in the Financial Business Act?
The fixed fee amounts in the Act are stated at the 2004 level. These amounts are adjusted annually, corresponding to changes in the appropriation to the Danish FSA’s in the Finance Act. Therefore, the amount on the invoice is higher than it is in section 361(1) no. 1 to 31 - the regulation is in section 361(2).

The changes in the appropriation since 2004 can be seen here:

Should I still pay the fee when the undertaking closed in the spring?
Yes, according to section 368(2), the undertaking has to pay the full fee, even though it has only been under supervision for part of the year.

Should I still pay the full fee when my undertaking first started in mid-year?
Yes, according to section 368(2), the undertaking has to pay the full fee, even though it has only been under supervision for part of the year.

Should I pay a fee for a prospectus, which was withdrawn or not approved?
Yes, it is the request for approval of a prospectus (and processing) that triggers the fee.

Why have we have received several invoices?
If the undertaking has activities that are covered by several sections of the Financial Business Act, we issue a separate invoice for each section.

What happens if we do not pay the fee?
If the fee is still not paid after the end of the dunning procedure, the demand will be transferred to the Danish Tax and Customs Administration.

How do I calculate the market value of the traded securities listed in section 361(1) no. 11 of the Financial Business Act? Is the basis 31 December 2010 and does it include both stocks and bonds?
The market value includes both stocks and bonds and is fixed at end of the previous year.
The basis for the fee demand issued in early December 2011, is the market value of the last trading day of 2010.