The Jersey Financial Services Commission has today published a Consultation Paper setting out the proposals for an increase in regulatory fees for investment business.
The proposed increase is the first for three years and will take effect when licence renewals next fall due, which is 1 May 2009.
In recognition of the difficult trading environment that investment businesses are currently operating in, the Consultation Paper sets out two alternative approaches by which the increase in fees may be implemented. One of these options allows for the increase in fees to be phased in gradually over the next three years.
Responses to the Consultation Paper are invited and should be provided in writing to either the Commission or Jersey Finance Limited in line with the timescale stated in the Consultation Paper.
The Consultation Paper may be viewed on the Commission’s website by clicking here
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