Payment to the DFSA

Changes in the basis for the Danish Financial Supervisory Authority’s collection of levies from financial companies

On 1 January 2025, a number of changes came into effect in the basis for the Danish Financial Supervisory Authority’s collection of levies from financial companies.

The changes affect companies charged according to Sections 360-361 of the Financial Business Act, which from 2025 will be charged according to the new rules. Companies should therefore be aware that the basis for the next collection – expected at the end of the year – may differ from previous ones. Similarly, it may be the case that the collection is based on a different provision than before – e.g. a different section or paragraph.

The changes, which are incorporated in Chap. 22 of the Financial Business Act, is:

Chap. 22 in LBKG 1013/2024 has been amended by Act 1666/2024 § 2(29)-(31).

• In Section 360(1), “Sections 361-370” is changed to “Sections 361-368”.
• In Section 360(2), “sub-section 5” becomes “sub-section 4”.
• In Section 361(1)(6), the following is inserted after “financial holding company”: “investment firm holding company”.

Chap. 22 in LBKG 1013/2024 has been amended by Section 12(14)-(16) of Act 1668/2024.

• In Section 361(5), the words “financial advisers” are deleted,
• Section 361(5)(1), sub-section 2 is deleted,
• Section 361(5), no. 2 is deleted. No. 3 now comes no. 2.

We recommend that businesses familiarise themselves with the relevant legislative changes in order to prepare for any changes in the basis on which they are charged.

We do not expect the amount of the levy to change significantly – with the caveat that this can only be confirmed once we have finalised the respective calculation. Levies are collected on the basis of the legislation in force at any given time. Any adjustments to the levies will therefore only be incorporated once we have had the opportunity to process the full data and all necessary documentation.

Queries can be directed to afgift@FTNET.DK

Undertakings under the supervision of the Danish FSA pay fees to cover the cost of the supervision work and general operation of the Danish FSA . The fees are collected at the end of each year. In December undertakings will receive invoices covering the cost of supervision during the year.

The total budget of the Danish FSA is given annually as an appropriation in the Danish Finance Act, the Danish FSA being under section 08.23.01.

2025 fees issued December 2025

In 2025 the fee collection will be issued on schedule, primo December.

The allocation of fees between different types of undertakings is regulated by Part 22 of the Financial Business Act.

Who pays which kind of fee?

Several types of undertakings pay a fixed fee, while others pay a proportional fee based on company size, balance sheet, gross premiums, etc.

Fixed fee 

Undertakings that pay a fixed fee include reinsurance brokers, investment advisers, securities dealers, financial holding companies and some foreign investment undertakings.

When a company applies for a prospectus to be approved by the FSA, it generates a fixed fee. A notification or application on cross-border marketing of units in investment undertakings also generates a fee.

Section 361(1) of the Financial Business Act lists all the fixed fees collectable by the Danish FSA. The fixed fees are stated at the 2016 level. These amounts are adjusted annually, equivalent to the change in the appropriation to the Danish FSA in each year's Finance Act.

The changes in the appropriation since 2016 can be seen here:

Proportional fee 

Undertakings that pay a proportional fee include banks and mortgage institutions, insurance companies, pension funds, investment associations and insurance broker companies. All types of undertakings that pay a proportional fee are listed in sections 362-367 of the Financial Business Act.