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 2022
Full details of the revised fees from 1 January 2022 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, 2021, ("the Regulations") but for ease of reference a summary is shown in the tables below.
| Application fees | |
|---|---|
| Personal fiduciary licence | £1,120 |
| Primary fiduciary licence | £2,550 |
| Secondary fiduciary licence | £620 |
| Discretionary exemption - individual | £525 |
| Discretionary exemption - company or partnership | £1,175 |
| Annual fees | |
|---|---|
| Personal fiduciary licence | £1,160 |
| Primary fiduciary licence - annual turnover from regulated fiduciary activities up to £249,999.99 | £5,660 |
| Primary fiduciary licence - annual turnover from regulated fiduciary activities from £250,000 to £499,999.99 | £11,315 |
| Primary fiduciary licence - annual turnover from regulated fiduciary activities from £500,000 to £999,999.99 | £16,975 |
| Primary fiduciary licence - annual turnover from regulated fiduciary activities from £1,000,000 to £1,999,999.99 | £22,630 |
| Primary fiduciary licence - annual turnover from regulated fiduciary activities from £2,000,000 to £3,999,999.99 | £28,290 |
| Primary fiduciary licence - annual turnover from regulated fiduciary activities from £4,000,000 to £7,999,999.99 | £33,945 |
| Primary fiduciary licence - annual turnover from regulated fiduciary activities from £8,000,000 to £15,999,999.99 | £45,260 |
| Primary fiduciary licence - annual turnover from regulated fiduciary activities £16,000,000 or over | £56,580 |
| Change of Controller fee | |
|---|---|
| Application Fee | £2,195 |
| Other fee | |
|---|---|
| Use of name under section 50 of The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 | £1,995 |
| Pension regulation annual fees (licensees engaged in pension business) | |
|---|---|
| Fixed fee | £515 |
| 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, 2021:
| 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 |
£2,440 |
| 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 | £2,440 |