The Guernsey Financial Services Commission launched a consultation on proposals to change the fees paid by regulated entities in 2026, centred on an overall increase of 3.9% in line with inflation. Alongside the headline uplift, the package includes rebasing of Private Investment Fund fees, adjustments to banded fiduciary licence fees, and the introduction of banded fees for Prescribed Businesses. It also proposes new fees for certain approval-driven requests, including changes of Designated Administrator for a collective investment scheme, transfers of business between investment or fiduciary licensees, changes of General Representative for insurance firms, and adding additional elements to a closed-ended investment scheme. The Commission also proposes a substantial reduction in fees for Virtual Asset Service Provider applications. The consultation closes on 8 October 2025.
Guernsey Financial Services Commission 2025-09-08
Guernsey Financial Services Commission consults on 2026 fees with 3.9% inflation-linked rise and reduced virtual asset provider application charges
The Guernsey Financial Services Commission is consulting on proposed fee changes for regulated entities in 2026, including a 3.9% increase aligned with inflation. The proposals involve rebasing Private Investment Fund fees, adjusting fiduciary licence fees, and introducing banded fees for Prescribed Businesses. Additionally, new fees are suggested for certain approval-driven requests, while fees for Virtual Asset Service Provider applications may be reduced.