Full details of the application and annual fees payable under The Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) Law, 2008 appear in The Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) (Fees) Regulations, 2022.
For ease of reference a summary of the fees payable is shown below. The annual fee is payable on or before 31 January each year. Businesses that are first registered during a calendar year will pay a pro-rata annual fee in respect of the number of calendar months or part thereof between the date of registration and the end of the year inclusive.
The existing Non-Regulated Financial Services Businesses (NRFSBs) regime is being repealed on 1 July 2023 through the coming into force of the remaining provisions of the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022, further details for which can be found on the Lending, Credit and Finance section of the website. Fees for NRFSBs will be pro-rated for the 6-months to 30 June 2023, to align with the commencement date for licensing under that regime.
| Application fee | £4,500 |
| Annual fee | £1,500 |
Reduction of fees
The application fee and any annual fee will be reduced in the following circumstances:
- by 50% where the business fulfils one of the conditions set out under a) and b) below:
- by 75% where the business fulfils both of the conditions set out under a) and b) below:
a) the business is registered as a prescribed business under paragraph 2 of Schedule 5 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999;
b) the business is a member of a group of companies where one or more other members of that group are also under an obligation to pay a fee to the Commission under the Fee Regulations.