Domicile watch: May 2022

Jersey

JFSC increases investment business fees by 8.8%

Jersey Financial Services Commission (JFSC) has increased investment business fees by 8.8%, following its consultation on proposed changes, which took place in March.

According to the regulator, the fee increase aims to ensure JFSC is financially fit for the future. “This includes allowing us to continue to invest in evolving our technology platforms along with our people to ensure we are working as efficiently as possible,” JFSC stated.

To view the feedback on the consultation paper which led to the fee increase, click here.

JFSC consults on 11% funds business fee increase

JFSC has requested feedback from funds businesses regarding a proposed 11% increase to the sector’s fee rates.

The increase has been proposed due to the following:

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