Fees

Fees for persons licensed under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 with effect from 1 January 2023

Full details of the revised fees from 1 January 2023 payable under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 ("the Law"), including the calculation of variable fees, (and other legislation administered by the Commission) appear in The Financial Services Commission (Fees) Regulations, 2022, but for ease of reference a summary is shown in the tables below.

Application fees
Personal fiduciary licence ​£1,210
Primary fiduciary licence ​£2,755
Secondary fiduciary licence ​£670
Discretionary exemption - individual ​£570
Discretionary exemption - company or partnership £1,270
Annual fees
Personal fiduciary licence ​£1,255
Primary fiduciary licence - annual turnover from regulated fiduciary activities up to £249,999.99 £6,115
Primary fiduciary licence - annual turnover from regulated fiduciary activities from £250,000 to £499,999.99 ​£12,220
Primary fiduciary licence - annual turnover from regulated fiduciary activities from £500,000 to £999,999.99 £18,335
Primary fiduciary licence - annual turnover from regulated fiduciary activities from £1,000,000 to £1,999,999.99 £24,440
Primary fiduciary licence - annual turnover from regulated fiduciary activities from £2,000,000 to £3,999,999.99 £30,555
Primary fiduciary licence - annual turnover from regulated fiduciary activities from £4,000,000 to £7,999,999.99 £36,660
Primary fiduciary licence - annual turnover from regulated fiduciary activities from £8,000,000 to £15,999,999.99 £48,880
Primary fiduciary licence - annual turnover from regulated fiduciary activities £16,000,000 or over £61,105
Change of Controller fee
Application Fee £2,370
Other fee
Use of name under section 50 of The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 ​£2,155
Pension regulation annual fees (licensees engaged in pension business)
Fixed fee ​£550
Fee per scheme member, up to a maximum per scheme of £7,500 £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, 2022:

Amalgamation of a company or migration out of a company

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

​£2,635
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 £2,635

Incorporation consent for an unregulated PCC / ICC

The following fee is payable where a request is made under The Companies (Guernsey) Law, 2008 for consent to incorporate a PCC or ICC structure that will not be regulated and / or does not form part of a licence application.

An application to the Commission for consent to incorporate a PCC / ICC that will not become a regulated entity. £500