Fees for persons licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 with effect from 1 January 2022
Full details of the revised fees payable under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (and other legislation administered by the Commission) appear in The Financial Services Commission (Fees) Regulations, 2021, but for ease of reference a summary is shown in the table below.
Regulatory Fees with effect from 1 January 2022
Open-ended Collective Investment Schemes
Annual Fees
| Scheme | £3,500 |
| Per additional class | £245 |
Application Fees
| Scheme | £3,500 |
| Fast track additional application fee £500 | £4,000 |
| New class of umbrella/multi class scheme | £790 |
Closed-ended Collective Investment Schemes
| Annual fee | £3,500 |
| Application fee | £3,500 |
| Fast track additional application fee £500 | £4,000 |
"De-QIFing" (QIF = Qualified Investor Fund)
| Application fee | £2,830 |
"De-PIFing" (PIF = Private Investment Fund)
| Application fee | £2,830 |
Licensees
Annual Fees
| Designated Persons; | See Below |
| Brokers; and | See Below |
| Licensees with an authorised financial advisor (excluding bank licensees) | See Below |
|
Turnover band (annual): Under £1,500,000 £1,500,000 to £2,999,999.99 £3,000,000 to £5,999,999.99 £6,000,000 to £11,999,999.99 £12,000,000 and above |
£3,650 £5,750 £7,750 £10,000 £12,500 |
| Principal Manager of authorised or registered open-ended collective investment schemes | £1,825 |
| Manager of authorised or registered closed-ended collective investment schemes | £1,825 |
| Manager of overseas collective investment schemes | £3,650 |
| Other Licensees | £3,650 |
| Persons licensed to carry on the restricted activity of operating an investment exchange | £71,565 |
Application Fee
| Licensees | £2,550 |
Change of Controller Fee
| Application fee | £2,195 |
Extension of Licence
| Application fee | £1,245 |
Form EX Notification
| Annual Fee | £610 |
| Application Fee | £1,215 |
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 |
Migration out of a Limited Partnership
The following fees are payable under The Limited Partnerships (Fees) Regulations, 2020.
| An application to the Commission for the consent of the Commission for the removal of a supervised limited partnership from the Register of Limited Partnerships for the purposes of becoming registered as a limited partnership under the Law of a district, territory or place outside Guernsey in accordance with the provisions of the Limited Partnerships (Guernsey) (Migration) Regulations, 2020. | £2,267 |