Industry Funding Levy Information for Investment Funds - E1a and E1b
As set out in Table 1 below, all investment funds authorised by the Central Bank shall be liable to pay a minimum levy of €7,165. Umbrella funds will also pay a contribution per sub-fund of €475 up to a maximum of twenty sub-funds, resulting in a maximum contribution for umbrella funds of €16,665.
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Table 1
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Minimum Levy plus Contribution per Sub-fund
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Investment Funds
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Minimum Levy (Single & Umbrella Funds with one sub-fund)
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2-20 sub-funds
(Umbrellas only)
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E1a
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Authorised UCITS;
Authorised Unit Trusts;
Authorised Investment Companies (Designated and non-Designated);
Authorised Investment Limited Partnerships;
Authorised Common Contractual Funds
Authorised Irish Collective Asset-management Vehicles (ICAV)
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€7,165
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€475 per sub-fund
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E1b
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UCITS Self-Managed Investment Companies (SMICs);
UCITS Self-Managed ICAVs;
Authorised Designated Investment Companies (Internally
Managed Alternative Investment Funds);
Authorised Irish Collective Asset-management Vehicles (Internally Managed AIF ICAVs);
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Click here to read more on the annual levying process.