The Incorporated Limited Partnerships (Jersey) Law 2011 (“ILP Law”), and the Separate Limited Partnerships (Jersey) Law 2011 (“SLP Law”) were registered with the Royal Court on 1 April 2011.
Fees were consulted on during March 2011 on the basis that fees for ILPs and SLPs should track, where similarities exist, those currently set for Jersey LPs. Fees for SLPs and ILPs were published by the Jersey Financial Services Commission (the "Commission") on 20 April 2011 and 26 May 2011 respectively.
The Consultation made it clear that any annual administration fee would be consulted upon later in the year.
Article 33 of the SLP Law; Article 26 of the ILP Law; and Article 30A of the Limited Partnerships (Jersey) Law 1994 (“LP Law”) allow for payment, to the Commission, by limited partnerships of a annual administration fee.
This paper sets out the proposed annual administration fees to be published by the Commission and the States.
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