Fees

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​

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)

"De-QIFing" (QIF = Qualified Investor Fund)
Application fee £2,830

"De-PIFing" (PIF = Private Investment Fund)​

"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

Change of Controller Fee
Application fee £2,195

Extension of Licence

Extension of Licence
Application fee £1,245

Form EX Notification​

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: 

The Amalgamation and Migration of Companies

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.

Migration out of a Limited Partnership
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