UniCredit Bank S.A.
Summary:
The Romanian Financial Supervisory Authority has announced the downsizing of several fees for a period of 6 months, from 15 March 2014 to 15 September 2014
Thu, 06/03/2014
Dear Client,
FSA has published a regulation with respect to their own income, affecting the value of several fees charged by the regulator, including the following:
- market fees applied to trade execution are reduced from 0.08% to 0.04%
- public offering fees are reduced from 0.5% to 0.35%
- market fees applied to financial derivatives trade execution are reduced from 0.08 RON to 0.04 RON per contrac
- authorisation fees for financial investment services companies are reduced from RON 15,000 to RON 10,000
- OTC turnaround trading fees are reduced from 0.15% to 0.04%
Impact on investors: Lower fee level will be applicable to certain types of FSA fees for a period of six months, until15 September 2014.
Related Newsflashes: FSA reinstates Turnaround Trading Fees