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Fiduciary Supervision Policy and Innovations Division Fees 2018

Full details of the revised fees from 1 January 2018 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, 2017, ("the Regulations") but for ease of reference a summary is shown in the tables below.  The Policy & Resources Committee recently made the Financial Services Commission (Fees) Regulations, 2017.  However, the Regulations contain a small error at regulation 11(14)(a)(vii) regarding the level of fee payable.  The Commission has been advised that the Regulations will be amended shortly to correct this amount to reflect the fee level consulted on.  

 

Personal fiduciary licence​£1,019
Full fiduciary licence - lead applicant​£2,322
Full fiduciary licence - joint applicant​£564
Discretionary exemption - individual​£478
Discretionary exemption - company or partnership£1,071

Annual fees​​​​​​​​​​​​​​

Personal fiduciary licence​£1,057
Full fiduciary licence - annual turnover from regulated fiduciary activities up to £249,999.99£5,150
Full fiduciary licence - annual turnover from regulated fiduciary activities from £250,000 to £499,999.99​£10,300
Full fiduciary licence - annual turnover from regulated fiduciary activities from £500,000 to £999,999.99£15,450​
Full fiduciary licence - annual turnover from regulated fiduciary activities from £1,000,000 to £1,999,999.99£20,600
Full fiduciary licence - annual turnover from regulated fiduciary activities from £2,000,000 to £3,999,999.99£25,750​
Full fiduciary licence - annual turnover from regulated fiduciary activities from £4,000,000 to £7,999,999.99£30,900​
Full fiduciary licence - annual turnover from regulated fiduciary activities from £8,000,000 to £15,999,999.99£41,200
Full fiduciary licence - annual turnover from regulated fiduciary activities £16,000,000 or over£51,500

Other fee

Use of name under section 38 of the Law​£1,818

Pension regulation annual fees (licensees engaged in pension business)

Fixed fee​£400
Fee per scheme member£1