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   Home > The Commission > General Information > Press Releases > 9 June 2009

PRESS RELEASE 9 June 2009

PROPOSED FEES FOR FOUNDATIONS AND CHANGES TO REGISTRY SEARCH FEES

The Commission has today published a consultation paper setting out the proposed registration and process fees for foundations.

The Foundations (Jersey) Law 200- was adopted by the States of Jersey on 22 October 2008. This consultation paper is being issued in anticipation that the Law will be sanctioned by the UK Privy Council in June 2009.

Broad agreement from Industry has been obtained via the Foundations Working Group that fees for foundations should track, where similarities exist, those currently set for Jersey companies.

In order to be consistent, amendments are being proposed to other Registry Fees Notices, with respect to searches, to bring them into line with the proposed search fees for foundations.

Responses to the consultation paper are invited and should be provided in writing to either the Commission or Jersey Finance Limited in accordance with the timescales stated in the consultation paper.

The consultation paper may be viewed on the Commission’s website by clicking here and paper copies may be obtained from the Commission’s reception area or the Jersey Library.

- Ends -

For further information please contact: -

Julian Lamb - Director, Registry
Tel: + 44 (0) 1534 822067
Fax: + 44 (0) 1534 822003
Email: j.lamb@jerseyfsc.org

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