Regulatory Alerts2025-05-12
Guernsey Financial Services Commission Consultation on 2023 Fee Rates
The Guernsey Financial Services Commission proposes a 9% overall increase in regulatory fees for 2023 to offset inflation and cover rising costs for staff retention and IT infrastructure. The consultation introduces new application and annual fees for firms licensed under the Lending, Credit and Finance Law, alongside fast track fees for open-ended funds. It also establishes an explicit administrative penalty regime for materially inaccurate returns and updates the returns subject to late filing penalties.
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