The Guernsey Financial Services Commission has proposed an overall 4.3% increase in fees from Jan. 1, 2027, matching Bailiwick inflation, alongside a one-off 17% rebate on annual insurance-sector fees. The rebate sets the previously signaled discount and reflects a substantial enforcement penalty received in 2026, which the commission must take into account when setting fees under the relevant supervisory law. The consultation also proposes clarifying the fee treatment of custodians and certain virtual asset activities under the Lending, Credit and Finance Law. Any future changes to fees for stablecoin licenses will be consulted on separately as related policy work develops. The broader increase is intended to fund the people, technology and specialist skills needed for supervision, including work on the Digital Finance Initiative and Innovation Sandbox. The commission will publish a feedback statement setting out the final fees to apply from Jan. 1, 2027.
2026-09-03Guernsey Financial Services Commission
Guernsey Financial Services Commission proposes 4.3% fee increase and 17% insurance rebate for 2027
The Guernsey Financial Services Commission has proposed a 4.3% overall fee increase from Jan. 1, 2027, and fixed its previously signaled one-off insurance-sector rebate at 17%. The consultation also seeks to clarify fees for custodians and certain virtual asset activities, while future stablecoin license fee changes will be addressed separately.