Regulatory Alerts2025-05-08
Guernsey Financial Services Commission Consultation on 2024 Fee Rates
The Guernsey Financial Services Commission proposes a 7.3% overall increase in regulatory fees for 2024 to align with inflation and sustain operational costs amid rising staff and technology expenses. The consultation outlines specific rebalancing measures for the insurance sector, a £60,000 fee increase for investment exchanges, and updated rates for virtual asset service providers within Actively Managed Certificate structures. Public feedback on these proposals is requested by 20 September 2023 to inform the final fee rates effective from 1 January 2024.
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