PRESS RELEASE 9 March 2009
CONSULTATION PAPER ON INVESTMENT BUSINESS REGULATORY FEES
The 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 Commissionís website by clicking here and paper copies may be obtained from the Commissionís reception area or the Jersey Library.
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For further information please contact: -
Chris Jordan - Senior Manager, Investment Business
Tel: + 44 (0) 1534 822127
Fax: + 44 (0) 1534 822002