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 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:

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