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Fees

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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, 2017 ("the Fee Regulations").

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.
 
Application fee£3,940
Annual fee£1,288

Reduction of fees

The application fee and any annual fee will be reduced in the following circumstances:

  1. ​​by 50% where the business fulfils one of the conditions set out under a) and b) below:
  2. ​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 regulation 16 of the Criminal Justice (Proceeds of Crime) (Legal Professionals, Accountants and Estate Agents) (Bailiwick of Guernsey) Regulations, 2008;
​ ​ ​
​ ​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.