Commission consults on fees for 2027

The Commission has today launched a consultation paper on proposals for the fees and administrative penalties to apply from 1 January 2027.

The consultation period ends on 6 October 2026.

The Commission is consulting on an overall increase in fees of 4.3%, in line with Bailiwick inflation. The proposed fees are intended to ensure the Commission can continue to deliver effective, high-quality regulation.

Other measures outlined in the consultation paper include:

• a one-off 17% rebate on annual fees for the insurance sector - taking into account Section 39(8) of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020;
• amendments to certain fees under the Lending, Credit and Finance Law, to improve clarity for custodians; and
• confirmation that any future amendments to fees associated with stablecoin licences will be consulted on separately as the Commission’s policy work in this area develops.

The Commission’s financial planning continues to reflect the need to invest in the people, technology and specialist skills required to supervise an increasingly multi-faceted financial services sector. 

The proposed fees also align with the objectives of the Finance Sector Strategy 2035 by helping ensure the Commission has the capacity, expertise and technology needed to fulfil the recommendations for which it is primarily responsible. This includes continuing work on the Digital Finance Initiative and the Innovation Sandbox.

The proposed 17% reduction in annual insurance fees follows a significant enforcement penalty received by the Commission in 2026. Under the Enforcement Powers Law, sums received from penalties imposed on persons licensed under a particular supervisory law must be taken into account when determining the fees payable under that law. The Commission, as previously signalled, will therefore be offering a one-off 17% rebate on annual fees for 2027.

The consultation also proposes changes to clarify the fee treatment of certain virtual asset activities under the Lending, Credit and Finance Law.

Speaking about the proposals, the Commission’s Chairman, John Aspden, said:

'The Commission seeks to deliver effective regulation and to ensure that the Bailiwick remains an attractive jurisdiction in which to do business. Our proposed overall increase is aligned with inflation and reflects the costs of maintaining a skilled and effective regulator.

'We are also planning a one-off partial rebate of annual fees for the insurance sector and targeted amendments to support the continued development of the Bailiwick’s digital finance framework.'

Responses should be submitted through the Commission’s Engagement Hub or by email to [email protected].

Following the consultation period, the Commission will consider the responses received and publish a feedback statement setting out the final fees to apply from 1 January 2027.