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").
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 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.