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Jersey JFSC Industry update 26 January 2022 - 8.5% increase in fees

26/01/2022

The JFCS has announced an 8.5% increase in prices for Designated Non-financial Businesses and Professions and Trust Company Businesses. The revised fees took effect from 1 January 2022.

In November 2021, the JFSC asked Industry for feedback on proposed changes to our fees for Designated Non-financial Businesses and Professions (DNFPB) and Trust Company Business (TCBs).

They are now proceeding with the 8.5% increase in fee rates for both sectors following the consultations.

This increase will ensure that the JFSC are financially fit for the future and allow them to continue to invest in

  • Evolving their technology platforms
  • People to ensure they are working as efficiently as possible.

The revised fees took effect from 1 January 2022.

Relevant businesses will receive notification via myJFSC that an invoice is ready for them.

View TCBs feedback paper.

https://www.jerseyfsc.org/industry/consultations/consultation-feedback-trust-company-business-fees-no-9-2021/

View DNFPB feedback paper.

https://www.jerseyfsc.org/industry/consultations/consultation-feedback-on-dnfbp-fees-no-8-2021/

https://www.jerseyfsc.org/news-and-events/85-increase-in-fees-for-designated-non-financial-businesses-and-professions-and-trust-company-businesses/

JERSEY