RETIREMENT PENSIONS (FEES) REGULATIONS * (fees)

RETIREMENT PENSIONS (FEES)

SUBSIDIARY LEGISLATION 514.06

RETIREMENT PENSIONS (FEES) REGULATIONS *

1st January, 2015 †

LEGAL NOTICE 10 of 2015.

(1) The title of these regulations is the Retirement

Pensions (Fees) Regulations.

(2) Nothing in these regulations shall be deemed to affect the

liability in respect of any fees due under the Special Funds (Fees)

R e g u l a t i o n s , 2 0 1 4 , p r i o r to t h e c o m i n g i nt o f o r c e o f t h e s e

regulations.

(Regulation 3)

First Column

Second Column

Third Column

Application Fee

Supervisory Fee

€

€

Retirement Schemes

Scheme - 1,500

Scheme - 2500

Retirement Funds

• Fund - 1,600

• Fund - 2,000

•

Sub-funds (per •

Sub-funds (per

sub fund) - 450

sub fund) - 500

Retirement Scheme

Administrator

(a) licensed under the

Retirement

Pensions Act other

than the persons

listed

in

paragraphs (b), (c)

and (d)

(i) not performing

investment

management

functions or

acting

as

custodian;

1,000

1,500

(ii) performing

investment

management

functions or

acting

as

custodian;

2,000

2,500

(b) already

licensed

under

the

Investment Services

Act, as a Category 2

or 3 Investment

Servic es Licence

Holder to provide

the

relevant

services;

Nil

Nil

(c) already authorised

to car r y ou t lo ng

term

business

under

the

Insurance Business

Act, in class VII -

‘pension fund

management’;

Nil

Nil

(d) in the case of a

Retirement

Scheme

established as a

trust, a corporate

trustee already

licensed to provide

trustee services

u n d e r t h e Tr u s t s

and Trustees Act. Nil

Nil

Investment Managers

(a) licensed under the

Retirement

Pensions Act,

other than the

persons listed in

paragraphs (b) and

(c)

1,000

For revenue

up to

€250,000 900

Further

tranches of

€250,000 100

per

tranche

or part

thereof

b) authorised by an

equivalent non-EU

jurisdiction

Nil

(c) licensed under the

Investment

Services Act to

provide investment

management

services in terms

of the Act - or

authorised by their

home Member

State or EEA State Nil

Nil

Custodians

(a) licensed under the

Retirement

Pensions Act,

other than the

persons listed in

paragraphs (b) and

(c);

1,000

1,000

(b) authorised by an

equivalent non-EU

jurisdiction;

Nil

(c) licensed under the

Investment

Services Act to act

as a custodian or

authorised by their

home Member

State or EEA State. Nil

Nil

Retirement Scheme/

Fund Back Office

Administrator

(a) recognised under

the Retirement

Pensions Act other

than the persons

listed in paragraph

(b);

(b) already

in

possession of a

recognition

certificate issued

under

the

Investment

Services Act, to

provide back-

office

administration;

Nil

Nil

(c) established in a

non

EU

jurisdiction to

provide one or

more back-office

administrative

services,

as

established by

Pension Rules.

Nil

Any reference in these regulations to "the Act" is a

reference to the Retirement Pensions Act, and the provisions of

article 2 of the Act shall also apply to these regulations.

There shall be paid to the competent authority by any

service provider, retirement scheme or retirement fund

(a) upon submission of an application for the granting of a

licence or recognition, irrespective of whether the

application is eventually accepted or not, the

application fee specified in the Second Column of the

Schedule;

(b) on the date of the granting of a licence or recognition,

the annual supervisory fee specified in the Third

Column of the said Schedule;

(c) thereafter annually, upon the anniversary of such date

as is mentioned in paragraph (b), the same annual

supervisory fee established in the Third Column of the

said Schedule.

None of the fees established as due in terms of these

regulations shall be refundable or prorated.

*These regulations have been repealed by Legal Notice 371 of 2024.

†see regulation 1(2) of these Regulations, as originally promulgated.