Fees

Fees for persons licensed under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000 with effect from 1 January 2021

Full details of the revised fees from 1 January 2021 payable under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000 ("the Law"), including the calculation of variable fees, (and other legislation administered by the Commission) appear in The Financial Services Commission (Fees) Regulations, 2020, ("the Regulations") but for ease of reference a summary is shown in the tables below.

Application fees

Personal fiduciary licence ​£1,040
Full fiduciary licence - lead applicant ​£2,371
Full fiduciary licence - joint applicant ​£576
Discretionary exemption - individual ​£488
Discretionary exemption - company or partnership £1,093

Annual fees

Personal fiduciary licence ​£1,079
Full fiduciary licence - annual turnover from regulated fiduciary activities up to £249,999.99 £5,258
Full fiduciary licence - annual turnover from regulated fiduciary activities from £250,000 to £499,999.99 ​£10,516
Full fiduciary licence - annual turnover from regulated fiduciary activities from £500,000 to £999,999.99 £15,774
Full fiduciary licence - annual turnover from regulated fiduciary activities from £1,000,000 to £1,999,999.99 £21,033
Full fiduciary licence - annual turnover from regulated fiduciary activities from £2,000,000 to £3,999,999.99 £26,291
Full fiduciary licence - annual turnover from regulated fiduciary activities from £4,000,000 to £7,999,999.99 £31,549
Full fiduciary licence - annual turnover from regulated fiduciary activities from £8,000,000 to £15,999,999.99 £42,065
Full fiduciary licence - annual turnover from regulated fiduciary activities £16,000,000 or over £52,582

Other fee

Use of name under section 38 of the Law ​£1,856

Pension regulation annual fees (licensees engaged in pension business)

Fixed fee ​£408
Fee per scheme member £1

Amalgamation of a company or migration out of a company

The following fees are payable under The Amalgamation and Migration of Companies (Fees payable to the Guernsey Financial Services Commission) (Amendment) Regulations, 2020:

An application for the Commission's consent for the amalgamation of two or more bodies corporate pursuant to the provisions of the Companies (Guernsey) Law, 2008

​£2,267
An application to the Commission for the consent of the Commission for the removal of a supervised company from the Register of Companies for the purposes of becoming registered as a company under the law of a district, territory or place outside Guernsey in accordance with the provisions of the Companies (Guernsey) Law, 2008 £2,267