Financing of activities
The expenses of the Financial Supervision Authority are covered from supervision fees and administrative fees paid by the subjects of financial supervision.
The supervision fee consists of the capital share and the share calculated on the basis of assets.
The capital share of the supervision fee is the amount equal to one percent of the following:
- the minimum amount of the net own funds required in the case of a credit institution
- the highest amount of minimum own funds required to be engaged in the class of insurance specified in the activity licence, in the case of an insurance company
- the highest amount of minimum own funds required in the case of the Estonian Central Register of Securities or an operator of a securities settlement system
- the highest amount of minimum share capital required for operating in the area of activity specified in the activity licence, in the case of an investment firm, operator of a regulated securities market, e-money institution or a management company.
The rate of the share of the supervision fee calculated on the basis of assets shall be established for a calendar year as a percentage within the limits provided for in the Financial Supervision Authority Act. The rate shall be established by the Minister of Finance by his regulation within 15 days as of the approval of the budget of the Financial Supervision Authority by the Council.