What fees are charged to ADR investors?
As a matter of course, an ADR depositary bank may be authorized under the deposit agreement relating
to the ADRs to charge a fee, called a custody fee, for the work it performs on the ADR. ADR depositary banks charge holders of ADRs custody fees, sometimes referred to as Depositary Services Fees, to compensate the depositary banks for inventorying the non-U.S. shares and performing registration, compliance, dividend payment, communication, and recordkeeping services.
https://www.sec.gov/investor/alerts/adr-bulletin.pdf
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