Regulatory Alerts2025-05-08
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Guernsey Financial Services Commission 2025 Fee Rates Feedback Paper
The Guernsey Financial Services Commission has finalized a 5.3% overall increase in regulatory fees for most licensees across banking, insurance, fiduciary, and investment sectors, effective 1 January 2025. The updated fee schedule introduces higher charges for Retail General Insurers to reflect increased supervisory demands, establishes a new application fee for investment exchanges, and rationalizes regulatory structures to improve consistency. Following stakeholder consultation feedback, the Commission determined that the modest increase is necessary to offset inflationary pressures, fund staff recruitment and retention, and maintain international regulatory standards.
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