Registry Fees Consultation Paper
Registry Fees Consultation PaperIssued: 3 November 2020
Please note that terms in italics are defined in the Glossary of Terms.
The Jersey Financial Services Commission (JFSC) invites comments on this Consultation Paper. Those who wish to do so, are invited to respond directly in writing to the JFSC.
The JFSC has also put in place arrangements with Jersey Finance for Jersey Finance to provide a coordinated response. Lisa Springate at Jersey Finance is co-ordinating this. Jersey Finance have asked us to advise those interested in pursuing this option, to provide comments to Jersey Finance by 1 December 2020.
Submissions to Jersey Finance should be sent to:
Responses should be sent to:
Lisa Springate
Jersey Finance Limited
4th Floor
Sir Walter Raleigh House
48-50 Esplanade
St Helier
Jersey
JE2 3QB
Direct Line: +44 (0) 1534 836029
Office Line: +44 (0) 1534 836000
Email: lisa.springate@jerseyfinance.je
It is the understanding of the JFSC, that it is the policy of Jersey Finance (unless otherwise requested or agreed) to collate all responses received and share them verbatim with the JFSC on an anonymised basis (with reference made only to the type of respondent e.g. individual, law firm, bank, trust company etc.). We have been asked by Jersey Finance to advise that persons responding to Jersey Finance should be aware that this collated, anonymised response will, typically, be placed in Jersey Finance’s permanent electronic archive which is currently open to all Jersey Finance members.
Alternatively, the JFSC strongly welcomes responses sent directly to the JFSC which should reach us by 30 November 2020. If you require any assistance, clarification or wish to discuss any aspect of the proposal prior to formulating a response, it is of course appropriate to contact the JFSC. Direct responses may be sent by email to registryconsultation@jerseyfsc.org. Alternatively, they may be sent in writing to:
Registry Fees Consulation 2020
Director, Registrar
Jersey Financial Services Commission
PO Box 267
14-18 Castle Street
St Helier
Jersey
JE4 8TP
It is the policy of the JFSC to make the content of all responses available for public inspection unless specifically requested otherwise.
Glossary of Terms
|
AML/CFT |
Anti-Money Laundering/Combatting the Financing of Terrorism |
|
Commission Law |
Financial Services Commission (Jersey) Law 1998 |
|
Fees |
Unless otherwise specified, the term ‘fees’ refers to the amount to be paid at the time of submission. The annual confirmation fee includes both the JFSC fee for this and a separate levy imposed by Government which will be set at £145 from 1 January, 2021. |
|
ICT |
Information Communication Technology |
|
JFSC |
Jersey Financial Services Commission |
|
Jersey Finance |
Jersey Finance Limited |
|
Minister |
Minister of External Relations |
|
Registrar |
The Registrar referred to in Article 196 of the Companies (Jersey) Law 1991 |
|
Registry |
The Jersey Companies Registry and other registers operated by the JFSC |
|
Registry Laws |
Financial Services (Disclosure and Provision of Information) (Jersey) Law 202-; Companies (Jersey) Law 1991; Limited Liability Partnerships (Jersey) Law 2017; Limited Partnerships (Jersey) Law 1994; Incorporated Limited Partnerships (Jersey) Law 2011; Separate Limited Partnerships (Jersey) Law 2011; Security Interests (Jersey) Law 2012; Foundations (Jersey) Law 2009; Registration of Business Names (Jersey) Law 1956] and the new Limited Liability Companies (Jersey) Law 2018. |
|
SBPP |
JFSC’s Sound Business Practice Policy |
|
TCB |
Trust Company Businesses. |
1 Executive summary
1.1 Overview
1.1.1 This Consultation Paper sets out the fees the JFSC proposes to charge for Registry related services from 1 January 2021 including the introduction of new fees and consults on new fee structures and fee rates to apply from 1 January 2022. We are undertaking the consultation in conjunction with the launch of our new digital registry and in the context of the enactment of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- (the new Law).
1.2 What is proposed and why?
1.2.1 This Consultation Paper seeks views on a number of fee changes and on the introduction of certain new fees. The consultation is additional to the usual three year cycle of fee reviews focused on adjusting fees for cost inflation and is a consequence of the new Law coming into force, of new requirements and our work examining how to make our funding resilient for the forthcoming period. Over the course of 2020, we have invested heavily in the Registry infrastructure, enabling us to become digital, focusing on being more efficient, user-friendly and meeting international standards and expectations. This investment together with a robust fee structure will ensure we are financially resilient for the future. The JFSC’s published business plan for 2020 highlighted our future resilience as one of its key themes.
1.2.2 The new fees are an annual confirmation fee and for existing services for which currently we do not charge. The annual confirmation statement is a requirement for all entities under the new Law. The annual return and fee for companies will be removed, along with the annual administration fee for other entities. Although some fee increases are proposed there is also a fee decrease which will predominately benefit companies not administered by regulated service providers (also referenced throughout this document as ordinarily administered companies[1]).
1.2.3 There are further proposed new fees for reserving a name and for a name change for foundations and partnerships.
1.2.4 The intention is to continually align fees with the modern registry environment with the prime intention of facilitating appropriate access to accurate information whilst also factoring the increasing cost of cyber-security, AML/CFT elements, and wider registry development including the registry programme which will deliver a digital registry. We will ensure that our fee levels are sufficiently prudent to provide us with the cash to conduct a continuous program of capital investment and development while still giving a high level of assurance for registry users about the future levels of fees.
1.2.5 Registries are increasingly important as a wide array of businesses and individuals rely on data held on those registers, for example to make decisions about counterparties that they may wish to transact with. Government agencies also rely on the data to inform policy decision-making and to allow regulators, such as the wider JFSC, to undertake regulatory activities. The on-going accuracy of the data is vital both for vetting and supervision. Our verification processes breed confidence in the registers among the business, community and international fora. Recent Government policy identifying future interconnectivity with European financial intelligence agencies and foreign competent authorities is a case in point.
1.2.6 The JFSC is showing its commitment to developing and maintaining first-class registers with the introduction of the new digital registry at the end of the year. We also have advanced plans for further improvements in the first half of 2021. It is clear that well managed registries have a requirement for a continuous program of improvement and development to meet developing expectations and needs. The launch of the digital registry provides a timely opportunity for the JFSC to review both the quantum and nature of the registry fees, to ensure the our constantly evolving business registers are funded sustainably. It is our projection that if the proposed fee changes are adopted, and the current environment remains unchanged, that any further increases in the near future will only be driven by inflation and there will be no need for any substantial overhaul of fees for some time. Achieving this sustainable approach to funding meets a request we repeatedly get from registry users to try to reduce the uncertainty that surrounds future fee levels.
1.2.7 Given the global environment and the focus on registries as key infrastructure for international financial centres, as well as the growing need for increased digital capability, the JFSC believes these current proposed changes are necessary and sufficient based upon known facts and circumstances.
1.3 Who will be affected?
1.3.1 The proposed fee changes set out in this Consultation Paper would affect many regulated businesses and some members of the general public.
1.3.2 Regulated businesses and the general public, which will include local residents, are asked to consider the initiatives as a whole. We believe that what is proposed is fair and proportionate.
1.3.3 In considering this Consultation Paper, readers are specifically advised of the following proposals:
1.3.3.1 A requirement to pay an annual confirmation fees in 2021 amounting to £225 for the regulated sector and £220 for ordinarily administered companies. Although this is a new fee, the annual return and related fee will be removed from 1 January 2021, the proposed fee will be substantially the same amount as the annual return fee for 2020.
1.3.3.2 The proposed fee for ordinarily administered companies represents a reduction by £5 compared with the 2020 annual return fee. The JFSC is prepared to bear the cost of this reduction in fee for ordinarily administered companies as part of an overall package which includes the envisaged fee increases from 1 January 2021. The elements of the proposal are inextricably linked to each other.
1.3.3.3 From 1 January 2022, it is proposed that the annual confirmation fee for the regulated sector will increase to £270, an increase of £45. For ordinarily administered companies this fee increase will not apply.
1.3.3.4 A new fee of £10 for reserving a name. The length of time for which the name will be reserved will be increased from 6 months to two years to allow the name to be held for the time it may take to develop an idea, to obtain the necessary consents and licences to start a business in the island.
1.3.3.5 A new fee of £110 for changing the name of a foundation, a partnership, or a limited liability company. Currently only companies pay a fee to change name. The new fee will bring all entities in line. The fee will be the same as the fee for companies.
1.3.3.6 A 10% increase across all Registry transaction fees with the exception of the five day incorporation service, used for ordinarily administered companies, and which will not change.
1.3.3.7 Paper-based fees will no longer apply and will be removed from the fee schedules.
1.3.3.8 There will be no change to the Security Interests Register fees until the next fee review.
2 Consultation
2.1 Basis for consultation
2.1.1 The JFSC is issuing this Consultation Paper in accordance with Article 8(3) of the Commission Law, under which the JFSC “may, in connection with the carrying out of its functions, consult and seek the advice of such persons or bodies whether inside or outside Jersey as it considers appropriate”.
2.1.2 In addition, Article 15(3) of the Commission Law, requires that before the JFSC may introduce and publish any fee, the JFSC “must first publish a report that must include:
(a) details of the duty or power for or in respect of which the fee is to be determined
(b) details of the proposed fee
(ba) details of the extent (if any) to which any penalties received have reduced the level of fee that would otherwise have been proposed[2]
(c) a request for comments on the level of the proposed fee
(d) a date, that is at least 28 days after the publication of the report, before which those comments may be made to the Commission.”
2.1.3 The JFSC considers that this Consultation Paper constitutes such a report as required by the Commission Law.
2.2 Responding to the consultation
2.2.1 The JFSC invites comments in writing from interested parties on the content of this Consultation Paper and its likely impact on persons accessing information held at, or providing information to, the Registry. Where comments are made by an industry body or association, that body or association should also provide a summary of the type of individuals and/or institutions that it represents.
2.2.2 Comments should be received by either Jersey Finance Limited or the JFSC no later than 30 November 2020.
2.3 Next steps
2.3.1 Following this consultation, the JFSC will publish feedback and the final Fees Notice. If agreed, the fees will be effective from 1 January 2021 or as and when such fees arise thereafter.
3 The JFSC
3.1 Overview
3.1.1 The JFSC is a statutory body corporate established under the Commission Law. It is responsible for the supervision and development of financial services provided in or from within Jersey.
3.1.2 In addition, the JFSC has appointed Julian Lamb as the Registrar pursuant to Article 196 of the Companies (Jersey) Law 1991.
3.2 The JFSC’s functions
3.2.1 The Commission Law prescribes that the JFSC shall be responsible for:
3.2.1.1 The supervision and development of financial services provided in or from within Jersey
3.2.1.2 Providing the States, any Minister or any other public body with reports, advice, assistance and information in relation to any matter connected with financial services
3.2.1.3 Preparing and submitting to the Minister recommendations for the introduction, amendment or replacement of legislation appertaining to financial services, companies and other forms of business structure
3.2.1.4 Such functions in relation to financial services or such incidental or ancillary matters:
3.2.1.4.1As are required or authorised by or under any enactment, or
3.2.1.4.2As the States may, by Regulations, transfer
3.2.1.5 Such other functions as are conferred on the JFSC by any other Law or enactment.
3.3 Guiding principles
3.3.1 The JFSC’s guiding principles require it to have particular regard to:
3.3.1.1 The reduction of risk to the public of financial loss due to dishonesty, incompetence or malpractice by, or the financial unsoundness of, persons carrying on the business of financial services in or from within Jersey.
3.3.1.2 The protection and enhancement of the reputation and integrity of Jersey in commercial and financial matters.
3.3.1.3 The best economic interests of Jersey.
3.3.1.4 The need to counter financial crime in both Jersey and elsewhere.
4 The Registry
4.1 Overview
4.1.1 The JFSC operates the Registry, which registers Jersey companies, all forms of registrable partnerships, foundations and business names. The Registry aims to maintain a service that is able to supply its users with a customer-centric approach enabling users to have access to accurate and reliable information. In addition, the Registry operates the Security Interests Register (SIR) and the trademarks register.
4.1.2 The Registry not only acts as Jersey’s second line of defence with regard to AML/CFT requirements (the first line of defence is that of the TCBs) but also a first line of defence where local residents incorporate without the use of a TCB. As part of this defence mechanism, the Registry administers, vets and evaluates:
4.1.2.1 The activities of each incorporation against the JFSC’s SBPP.
4.1.2.2 The ownership and control of the new entity so as to update the central register of beneficial ownership and control.
4.1.2.3 Where relevant, the issuance of consent for the circulation of a Jersey company prospectus.
4.1.3 The Registry is medium sized compared to the global registry community. Irrespective of its size the Registry also deals with global continuance, cross-border mergers and international transparency requirements. To ensure registry best practice and interoperability, the Registry is also an active member of a small number of international registry fora.
4.1.4 The Registry is seen as a centre of excellence for the Island’s registries. Accordingly, and where possible, the JFSC has agreed to provide shared services to Government at Government’s request to efficiently utilise services provided by the Registry.
5 Background to the proposed Registry fees
5.1 Background
5.1.1 In 2019 we carried out a review of the administrative requirements within the Registry Laws. As a result of this review and the Government consultation on beneficial ownership of Jersey companies and a register of directors published on 10 March 2016[3], it was clear that change would be needed in our approach to how the registry operates. These included changes to the administrative mechanisms; reviewing the usefulness of the annual return; and an improved central register of beneficial ownership with a new register of controllers and directors.
5.1.2 In 2020, the anticipated changes have been brought to fruition. Registry has liaised closely with Government on new legislation which will allow us to maintain a register to include information about an entity’s ‘significant persons’ and facilitate more accurate collection of data. This will assist the Island to comply with the requirements of Recommendation 24 of the Financial Action Task Force. Registry has worked to ensure this is done in a measured manner, so that we are both complying with international standards and maintaining adequate protection for the individual’s data. The new Law was adopted by the States assembly on 14 July 2020. It is due to come into force on 1 December 2020. Subordinate legislation is in the final stages and is due to be enacted at around the same time.
5.1.3 Throughout 2020, at the same time as maintaining its usual functions and services throughout challenging times, Registry has committed substantial resources to developing the digital registry (myRegistry) which will be launched in parallel with the new Law. The new system will make it easier for all users to share, access and update their information.
5.1.4 The information required under the new Law can all be provided online in a consolidated form which reduces submissions and makes it easier to interact with the Registry. For the first time, users will be able to view both public and private data (provided they are the nominated person) we hold on them.
5.1.5 At a meeting of the Registry User Group[4] on 15 October 2020 the current and future Registry requirements were explained and discussed. The importance of the Registry being financially resilient was also presented. There was broad support of the fee regime outlined in this paper with strong representation (from local representative bodies) that the annual confirmation fee be split to reflect the resource required to administer such structures. Industry bodies provided feedback on a number of options and the JFSC has concluded that a fee increase from 2022 for the annual confirmation while increasing transaction costs during 2021 is the most appropriate option and has wider support. It was suggested to the JFSC that some assurances around the drivers of future fee levels would be helpful and, in this regard, the JFSC is happy to confirm that if its projections of likely capital investment and best practice operational requirements for registries prove correct, then the driver for the next triennial fee review should just be inflationary impacts on registry costs. The JFSC was also asked to ensure in future that there was transparency around the two elements which go to make up the fees and has agreed to do so.
5.1.6 This increase will allow us to build up cash over the next few years to ensure resilience. This will mean that in an uncertain climate, we can provide some reassurance that there will not be a sudden upturn in fees for businesses. The JFSC will share information on the contributions to likely capital costs being accumulated by this funding approach and will also share its emerging thinking on the continued correctness of its projections of the adequacy of that forward funding arrangement.
6 Registry fees
6.1 Fees
6.1.1 Fees will continue to be based on the concept of “the user pays” balanced with international expectations that certain data should be free to search and retrieve. Automation will make the interaction with the Registry simpler and more convenient, but increasing cyber security requirements are becoming costly.
6.1.2 There is a fundamental change in what is required of registries in jurisdictions with strong global reputations. We are required to manage data to ensure greater accuracy and integrity, both for vetting and supervision, which involves increased costs. The Registry users will benefit from these improvements. Fees are set to take into account these changes.
6.2 Fee notices
6.2.1 An outline of the significant proposals for fee changes is given in section 6.3 below. All fee changes are detailed in the draft notices at the appendices attached to this consultation. The draft fee notices indicate services in development, due to be available in 2021 and services provided by the Registry where no fee is charged.
6.2.2 Fee increases relating to the Securities Interest Register and COBO related fees will be considered at a future date.
6.3 Fee changes
Annual confirmation fee
6.3.1 The proposed annual confirmation fee is a new fee, but at the same time we are removing the annual return and annual administration fees so there is no additional cost to entities in 2021. For ease of reference, we are comparing the confirmation fees to the annual return fee which previously applied.
6.3.2 We are proposing that there will be a 15% increase to £270 in these fees from 1 January 2022 for the regulated sector. We want to be transparent about this fee proposal to allow industry time to prepare for the increase. It should be noted that most companies were still submitting paper annual returns during 2020 and were paying an annual return fee of £235. We have discussed with the Registry User Group the option of a lower increase which would apply from 1 January, 2021, but this option did not find favour given various administrative issue and the lower level of resilience attaching to such a lower, sooner change in fee levels.
6.3.3 The proposed increase in fees in 2022 will not apply to ordinarily administered companies and we propose to reduce the fees by £5 to £220 for this group effective from 1 January 2021 and continuous until the next triennial fee review.
6.3.4 We believe it is fair and proportionate to differentiate in this way because the regulated sector typically require more administration by the Registry. The proportion of resources used in processes for the regulated sector is significantly greater than for ordinarily administered companies and they have access to enhanced functionality. This trend is likely to continue.
6.3.5 Limited partnerships (LPs) are not subject to the new Law. The annual fee of £225 for LPs will remain the same in 2021 and no increase is proposed until 2022. The fee for all partnerships and foundations will be £270 from the 1 January 2022.
6.3.6 What has been conventionally referred to as ‘the annual confirmation fee’ is actually a combination of a fee imposed by the JFSC and a separate levy to support the work of Government. The breakdown is shown in the table below:
|
Annual confirmation fee for ordinarily administered companies |
2021 |
2022 |
|
Fee payable to JFSC |
£75 |
£75 |
|
Total inclusive of levy payable to Government |
£220 |
£220 |
|
Annual confirmation fee for the regulated sector |
2021 |
2022 |
|
Fee payable to JFSC |
£80 |
£125 |
|
Total inclusive of levy payable to Government |
£225 |
£270 |
Late filing fees
6.3.7 Penalties for late filing are not part of the annual fee and are set as additional fees to encourage filing in a timely manner thereby ensuring transparency and facilitating accountability. It is considered that these penalties again need to be updated and a 10% increase is proposed for these fees.
Reservation of name fee
6.3.8 We currently do not charge for the reservation of an entity name. From 1 January 2021 we propose to introduce a £10 fee. The length of time for which the name will be reserved will be increased from six months to two years to allow the name to be held for the time it may take to develop an idea, obtain the necessary consents and licences to start a business in the Island. We believe the level of the fee is proportionate.
Change of name fee
6.3.9 Companies must pay a fee for a change of name. Currently, other entities do not pay for this service. We do not consider it to be justified that companies pay for a service which is provided to other entities for free. Therefore we propose to introduce a fee for foundations, limited liability companies and partnerships for this service. The fee will be the same as for companies £110.
Registration/transaction fees
6.3.10 The 10% increase is proposed for all transactional fees except the 5-day company incorporation.
Registry value-added services and Discrete Charges
6.3.11 The aim of the Registry is to continue to provide new value-added services.
6.3.12 There is currently no intention to charge for the use of API channels.
6.3.13 In addition there are currently no plans to charge for the filing of beneficial ownership and controller or significant person data.
6.3.14 The Registry has become more flexible when providing services, charging for more bespoke and “out of hours” services. Any such service will be set out in guidance to ensure clarity and consistency.
6.4 Competitiveness
6.4.1 The JFSC understands the need to remain competitive and therefore a table of the standard annual fees for companies has been included below. Table 1 highlights that Jersey fees compare well with similar jurisdictions.
|
Jurisdiction |
Annual Company Registration Fee (GBP) October 2020 |
|
Cayman |
Depending on share capital between £646 and £2,370 |
|
BVI |
Standard company authorised to issue up to 50,000 shares £346 >50,000 shares £923 |
|
Guernsey |
Non regulated company £250 Financial product company £500 Regulated entities £500 |
|
Isle of Man |
Standard company £380 |
|
Jersey |
£225 (£235 for paper filing) with proposal to increase to £270 in 2022 |
Table .1 Jurisdiction fee comparison
7 The Proposed Registry Fees
7.1 The proposed Registry fees notices payable under the Registry Laws are set out at Appendices B to K.
7.1.1 Within the proposed Registry fees notices amendments to the fees are highlighted in red.
- Appendix B – Registration of Business Names (Jersey) Law 1956
- Appendix C – Companies (Jersey) Law 1991
- Appendix D – Foundations (Jersey) Law 2009
- Appendix E – Incorporated Limited Partnerships (Jersey) Law 2011
- Appendix F – Limited Liability Companies (Jersey) Law 2018
- Appendix G – Limited Liability Partnerships (Jersey) Law 2017
- Appendix H – Limited Partnerships (Jersey) Law 1994
- Appendix I – Security Interests (Jersey) Law 2012
- Appendix J – Separate Limited Partnerships (Jersey) Law 2011
8 Question
8.1 Do you agree with the proposed levels? If not, please suggest alternative fee levels and explain why the alternative fee level has been suggested?
Appendix A - List of representative bodies who have been sent this consultation paper
- Jersey Finance
- Jersey Business
- Chamber of Commerce
- Charities Commission
- Jersey Association of Trust Companies
- Jersey Funds Association
- Jersey Institute of Directors
Appendix B - Registration of Business Names (Jersey) Law 1956
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998, as amended |
|
Payable by or in relation to: |
Business Names |
|
Pursuant to: |
Article 18 of the Registration of Business Names (Jersey) Law 1956 |
Commencement date
The fees set out in this notice are effective from 1 January 2021.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Law |
Means the Registration of Business Names (Jersey) Law 1956 |
|
Registrar |
Means the Registrar referred to in Article 2(1) of the Law |
|
Registry |
Means the Jersey Companies Registry |
Fees
The following fees are payable to the Jersey Financial Services Commission (JFSC):
Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New fee |
|
1 |
18 |
(a) Filing a statement of particulars furnished under Article 4 of the law if the statement is not furnished at the same time as a statement relating to the same firm or person under Article 5 of the Law |
£55 |
£61 |
|
(b) Filing a statement furnished under Article 5 of the Law |
£55 |
£61 |
Post Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New fee |
|
1 |
18 |
(a) Filing a statement furnished under Article 8 of the Law |
£30 |
£33 |
|
2 |
n/a |
(b) Filing of business name renewal every three years |
- |
£50 |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
17(1)(b) |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 17 or 18 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
2 |
n/a |
Monitoring Alert (as an aide against identity theft), allows you to receive email notification when a Registered Business Name you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
n/a |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
2 |
n/a |
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
|
3 |
n/a |
For each signed Certificate of Good Standing prepared manually by the Registry. |
£110 |
£121 |
|
4 |
17(2) |
For each certificate provided by the Registrar pursuant to an application under Article 17(2) of the Law which is prepared manually by the Registry Office |
£100 |
£110 |
|
5 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
n/a |
£39 |
|
6 |
n/a |
For each certified document prepared manually by the Registry. |
n/a |
£110 |
Appendix C - Companies (Jersey) Law 1991
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998, as amended |
|
Payable by or in relation to: |
Companies Fees |
|
Pursuant to: |
Article 201 of the Companies (Jersey) Law 1991 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
FS(D&PI) Law |
Means the Financial Services (Disclosure & Provision of Information) (Jersey) Law |
|
JFSC |
Jersey Financial Services Commission |
|
Law |
Means the Companies (Jersey) Law 1991 |
|
Registrar |
Means the Registrar referred to in Article 196 of the Law |
|
Registry |
Means the Jersey Companies Registry |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee
|
|
1 |
3,7,127YB and 127YH |
Receipt of documents on an application to incorporate a company (to include the formation of a cell company and the creation of a cell (whether incorporated or protected) of a cell company) : |
||
|
Within 5 business days |
£165 |
£165 |
||
|
Within 3 business days |
£220 |
£242 |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1100 minimum |
£1,210 minimum |
||
|
“Reserved” incorporation service to Incorporate a company, in addition to the fee payable upon receipt of documents on an application to incorporate a company |
£55 |
£61 |
||
|
2 |
127K |
Application fee for continuance as a company incorporated under the Law, (applications shall be considered within five business days of receipt by Registry) |
£750 |
£825 |
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
11 and 100 |
Receipt of information following a special resolution by a company to convert to or from a cell company and the issue of an amended certificate of incorporation |
£550 |
£605 |
|
2 |
11, 100, 127YB an 127YL |
Receipt of documents following an agreement to transfer a cell between cell companies and the issue of a new certificate of incorporation or recognition |
£550 |
£605 |
|
3 |
FS(D&PI) Law 7, 17 Commission Law 15(6) |
Receipt of an electronic annual confirmation statement from a company administered by a regulated service provider[5] |
£225 |
|
|
Receipt of an electronic annual confirmation statement from a company administered by a regulated service provider from 1 January 2022 |
£270* |
|||
|
Receipt of an electronic annual confirmation statement from an ordinarily administered company[6] |
£220 |
|||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law and Article 17 of the FS(D&PI) Law |
||||
|
(a) Where the annual confirmation statement is provided after the end of February in the year in which it is due but before the end of March in that year; or |
£55 |
£61 |
||
|
(b) Where the annual confirmation statement is provided after the end of March but before the end of April in that year; or |
£110 |
£121 |
||
|
(c) Where the annual confirmation statement is provided after the end of April but before the end of May in that year; or |
£165 |
£182 |
||
|
(d) Where the annual confirmation statement is provided after the end of May but before the end of June in that year; or |
£220 |
£242 |
||
|
(e) Where the annual confirmation statement is provided after the end of June but before the end of July in that year; or |
£330 |
£363 |
||
|
(f) Where the annual confirmation statement is provided after the end of July but before the end of August in that year; or |
£440 |
£484 |
||
|
(g) Where the annual confirmation statement is provided after the end of August but before the end of September in that year. |
£550 |
£605 |
||
|
4 |
100(4) |
Receipt of special resolution or agreement: (a) More than 21 calendar days but not more than 60 calendar days after the date on which the resolution or agreement was passed or made; or |
£55 |
£61 |
|
(b) More than 60 calendar days after the date on which the resolution or agreement was passed or made |
£110 |
£121 |
||
|
5 |
14 |
Receipt of a special resolution, whereby the company or cell of a cell company resolves to change its name and the Registrar issues a Certificate of Incorporation on Change of Name |
£100 |
£110 |
|
6 |
16 (1) and 16 (2) |
Change of status of a public company: receipt of an alteration of a public company (or a public cell of a cell company’s) memorandum to state it is a private company where it has less than 30 members or where it has more than 30 members by application to the JFSC whereby the JFSC is satisfied that by reason of the nature of the company’s activities, its affairs may properly be regarded as the domestic concern of its members |
FREE |
FREE |
|
7 |
17 |
Change of status of a private company: receipt of an alteration of a private company or a private cell of a cell company’s memorandum to state it is a public company |
FREE |
FREE |
|
8 |
61 (1A) , 61A and 61B |
Receipt of special resolution, statement of solvency and minute reducing the capital |
FREE |
FREE |
|
9 |
64 (1) |
Receipt of Act of the Royal Court and minute reducing the capital |
FREE |
FREE |
|
10 |
67 (5) |
Receipt of a Notice of Change of Registered Office |
FREE |
FREE |
|
11 |
108 (7) |
Delivery of accounts under Article 108 of the Law Plus any additional late filing fee if accounts are delivered |
£110 |
£121 |
|
(a) More than 7 months after the end of the financial period to which they relate; or |
£110 |
£121 |
||
|
(b) More than 8 months after the end of the financial period to which they relate; or |
£220 |
£242 |
||
|
(c) More than 9 months after the end of the financial period to which they relate; or |
£330 |
£363 |
||
|
(d) More than 10 months after the end of the financial period to which they relate; or |
£440 |
£484 |
||
|
(e) More than 11 months after the end of the financial period to which they relate; or |
£550 |
£605 |
||
|
(f) More than 12 months after the end of the financial period to which they relate; or |
£660 |
£726 |
||
|
(g) More than 18 months after the end of the financial period to which they relate; or |
£1100 |
£1210 |
||
|
(h) More than 24 months after the end of the financial period to which they relate |
£2200 |
£2420 |
||
|
12 |
127FG (1) |
Application fee for mergers involving bodies other than companies: (a) Up to and including five merging bodies; or |
£825 |
£910 |
|
(b) More than five merging bodies |
£1375 |
£1515 |
||
|
In addition to (a) and (b) above, where structures are considered by the JFSC to be of a more complex nature, an additional fee will be charged |
£2750 |
£3025 |
||
|
13 |
127F and 127FA |
Application fee for mergers/demergers involving Jersey companies |
FREE |
FREE |
|
14 |
127T |
Application fee or authorisation to seek continuance overseas (applications shall be considered within five business days of receipt by Registry) |
£750 |
£825 |
|
15 |
213 |
Reinstatement Application, plus receipt of each outstanding annual return or confirmation fee. |
£750 + all outstanding annual return or confirmation fees |
£825 + all outstanding annual return or confirmation fees |
|
16 |
145-150 |
Receipt of Application of Summary winding up and dissolve |
FREE |
FREE |
|
17 |
154 |
Termination of Summary winding up |
£220 |
£242 |
|
18 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
At the date of publication, the additional amount payable to the JFSC is £115
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
135(2)(b) |
Fee payable for copy of report made by inspectors under Article 128 of the Law, subject to the requirements of the Law |
£110 electronic copies only |
£121 electronic copies only |
|
2 |
202 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 202 of the Law via the Registry online search facility |
£2 |
£2 |
|
3 |
n/a |
Monitoring Alert (as an aide against identity theft), allows you to receive email notification when a company you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Schedule of the Maximum sums that may be charged by a Company
|
Item |
Article(s) of the Law |
Detail |
Maximum fee chargeable |
New Fee |
|
1 |
12 |
Supplying copy of memorandum and articles of association |
50p per page (A4 size) ** |
No change |
|
2 |
45(1) |
Allowing inspection of register of members |
£5 |
No change |
|
3 |
45(2) |
Supplying copy of register of members |
50p per page (A4 size) ** |
No change |
|
4 |
83(2) |
Charge by public company for allowing inspection of register of directors and secretary |
£5 |
No change |
|
5 |
99(2) |
Supplying copy of minutes of meeting |
50p per page (A4 size) ** |
No change |
|
6 |
100(2) |
Supplying copy of resolution or agreement |
50p per page (A4 size) ** |
No change |
**All documents may be produced in electronic format (eg.pdf) for £10.00 per document
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
201 |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
||
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£110 |
£121 |
||
|
2 |
202 |
For each certificate provided by the Registrar pursuant to an application under Article 202 of the Law which is prepared manually by the Registry Office |
£100 |
£110 |
|
3 |
n/a |
A download of active companies registered under the Companies (Jersey) Law 1991, as amended. Includes the company's current name, registration number and date of incorporation |
£200 |
£220 |
|
4 |
n/a |
Ad hoc service (fee by arrangement) |
£1100 minimum |
£1210 minimum |
|
5 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
6 |
n/a |
For each certified document prepared manually by the Registry. |
n/a |
£110 |
|
7 |
n/a |
Reservation of name via the Registry’s online facility |
FREE |
£10 |
Appendix D - Foundations (Jersey) Law 2009
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998, as amended |
|
Payable by or in relation to: |
Foundations |
|
Pursuant to: |
Articles 2, 37, 40 & 53 of the Foundations (Jersey) Law 2009 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
|
Notice of Fees |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
Continuance Regulations |
Means the Foundations (Continuance) (Jersey) Regulations 2009 |
|
FS(D&PI) Law |
Means the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
|
Law |
Means the Foundations (Jersey) Law 2009 |
|
Mergers Regulations |
Means the Foundations (Mergers) (Jersey) Regulations 2009 |
|
Registrar |
Means the Registrar referred to in Article 1(1) of the Law |
|
Registry |
Means the Jersey Companies Registry |
|
Winding Up Regulations |
Foundations (Winding Up) (Jersey) Regulations (2009) |
Fees
The fees on the following pages are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
Fee |
|
1 |
2(3)(b) |
Receipt of documents on an application to form a foundation, issue a registration number and enter in the register in the name of the foundation: |
||
|
Within 5 business days |
£165 |
£165 |
||
|
Within 3 business days |
£220 |
£242 |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1100 minimum |
£1210 minimum |
||
|
“Reserved” incorporation service to form a foundation, in addition to the fee payable upon receipt of documents on an application to form a foundation |
£55 |
£61 |
||
|
2 |
53 Continuance Regulation 6(2)(b) |
Application for incorporation of a company as a foundation, in accordance with the Continuance Regulations. |
£550 |
£605 |
|
3 |
53 Continuance Regulation 16(2)(b) |
Application for incorporation of a recognised entity as a foundation, in accordance with the Continuance Regulations. |
£550 |
£605 |
|
4 |
53 Continuance Regulation 26(2)(a) |
Application by a foundation to the JFSC for permission for the foundation to be established or incorporated as a recognised entity |
£550 |
£605 |
Post Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
7(1), 17 FS(D&PI) Law Commission Law 15(6) |
Receipt of the annual confirmation statement |
£225 |
|
|
Receipt of the annual confirmation statement after 1 January 2022 |
£270* |
|||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law |
||||
|
(a) Where the annual confirmation statement for a foundation is provided after the end of February in the year in which it is due but before the end of March of that year; or |
£55 |
£61 |
||
|
(b) Where the annual confirmation statement for a foundation is provided after the end of March in the year in which it is due but before the end of April of that year; or |
£110 |
£121 |
||
|
(c) Where the annual confirmation statement for a foundation is provided after the end of April in the year in which it is due but before the end of May of that year; or |
£165 |
£182 |
||
|
(d) Where the annual confirmation statement for a foundation is provided after the end of May in the year in which it is due but before the end of June of that year; or |
£220 |
£242 |
||
|
(e) Where the annual confirmation statement for a foundation is provided after the end of June in the year in which it is due but before the end of July of that year; or |
£330 |
£363 |
||
|
(f) Where the annual confirmation statement for a foundation is provided after the end of July in the year in which it is due but before the end of August of that year; or |
£440 |
£484 |
||
|
(g) Where the annual confirmation statement for a foundation is provided after the end of August in the year in which it is due but before the end of September of that year |
£550 |
£605 |
||
|
2 |
Mergers Regulation (7) |
Application to Registrar to merge foundations (merger of foundations) |
£825 |
£910 |
|
3 |
Mergers Regulation (17) |
Application to Registrar to implement merger agreement (merger of a foundation with a body corporate to continue as a foundation) |
£825 |
£910 |
|
4 |
Mergers Regulation (29) |
Application to Registrar to implement merger agreement (merger of a foundation with a body corporate to continue as a body corporate) |
£825 |
£910 |
|
5 |
Art 38 of the Law |
Receipt of a Notification of Amendment of charter |
FREE |
FREE |
|
6 |
Art 38 of the Law |
Receipt of a Notification of Amendment of charter to change the name of the foundation |
FREE |
£110 |
|
7 |
Art 23(3) of the Law |
Receipt of a Notification of appointed of a qualified person to be the qualified member |
FREE |
FREE |
|
8 |
n/a |
Receipt of Notification of Change of registered office of the Qualified Member |
FREE |
FREE |
|
9 |
Winding up Regulations 3(4) |
Receipt of a Notice of dissolution in accordance with the Winding up Regulations |
FREE |
FREE |
|
10 |
Winding Up Regulations 39 |
Reinstatement Application, plus receipt of each outstanding annual return or confirmation fee(s). |
£750 + all outstanding annual return or confirmation fees |
£825 + all outstanding annual return or confirmation fees |
|
11 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
40 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 40 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
2 |
n/a |
Monitoring Alert (an aide against identity theft), allows you to receive email notification when a Foundation you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value Added Services
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
40(4) |
For each foundation certificate issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed certificate prepared manually by the Registry |
£110 |
£110 |
||
|
For each electronically certified foundation certificate issued via the Registry’s online facility |
£65 |
£72 |
||
|
2 |
40(5) |
For the supply of a certified copy of the charter of a foundation as included in the register, signed and manually prepared by Registry |
£100 |
£110 |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
4 |
n/a |
Reservation of name via the Registry’s online facility |
FREE |
£10 |
Appendix E - Incorporated Limited Partnerships (Jersey) Law 2011
|
Notice of Fees |
|
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998 |
|
Payable by or in relation to: |
Incorporated Limited Partnerships (ILP) |
|
Pursuant to: |
Articles 26 & 27 of the Incorporated Limited Partnerships (Jersey) Law 2011 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
FS(D&IP) Law |
Means the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
|
Law |
Means the Incorporated Limited Partnerships (Jersey) Law 2011 |
|
Registrar |
Means the Registrar referred to in Article 25(1) of the Law |
|
Registry |
Means the Jersey Companies Registry |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
4 |
Registration of a declaration and issue a certificate: |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1100 minimum |
£1210 minimum |
||
Post Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
5 |
Registration of a statement to amend a declaration and to issue an amended certificate |
FREE |
FREE |
|
2 |
5 |
Registration of a statement to amend a declaration to change the name of the incorporated limited partnership and to issue an amended certificate |
FREE |
£110 |
|
3 |
8 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
FREE |
|
4 |
26 FS(D&PI) Law 7(1), 17 Commission Law 15(6) |
Receipt of the annual confirmation statement |
£225 |
|
|
Receipt of the annual confirmation statement from 1 January 2022 |
£270* |
|||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of February in the year in which it is due but before the end of March of that year; or |
£55 |
£61 |
||
|
(b) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of March in that year in which it is due but before the end of April of that year; or |
£110 |
£121 |
||
|
(c) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of April in that year in which it is due but before the end of May of that year; or |
£165 |
£182 |
||
|
(d) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of May in that year in which it is due but before the end of June of that year; or |
£220 |
£242 |
||
|
(e) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of June in that year in which it is due but before the end of July of that year; or |
£330 |
£363 |
||
|
(f) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of July in that year in which it is due but before the end of August of that year; or |
£440 |
£484 |
||
|
(g) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of August in that year in which it is due but before the end of September of that year; or |
£550 |
£605 |
||
|
5 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
29 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 29 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
Providing an electronically certified copy of a certificate of the registration of a declaration or an electronically certified copy of any other document referred to in Article 29(1) (a) of the Law |
£15 |
£39 |
||
|
2 |
n/a |
Monitoring Alert (an aide against identity theft), allows you to receive email notification when an incorporated limited partnership you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
21(1) |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£110 |
£121 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1100 minimum |
£1210 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
4 |
n/a |
Reservation of name via the Registry’s online facility |
FREE |
£10 |
Appendix F - Limited Liability Company (Jersey) Law 2018
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998, as amended |
|
Payable by or in relation to: |
Limited Liability Companies (LLCs) |
|
Pursuant to: |
Article 50 of the Limited Liability Companies (Jersey) Law 2018 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
Commencement date
The fees set out in this notice are effective from 1 January 2021 (or as relevant law is enacted) with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
FS(D&PI) Law |
Means the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
|
Law |
Means the Limited Liability Companies (Jersey) Law 2018 |
|
Limited liability company |
Means a limited liability company for the purposes of the Law |
|
Registrar |
Means the Registrar referred to in Article 196 of the Law |
|
Registry |
Means the Jersey Companies Registry |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
4 and 12 |
Receipt of documents on an application to form a limited liability company and each series of a limited liability company: |
||
|
Within 5 business days |
£165 |
£165 |
||
|
Within 3 business days |
£220 |
£242 |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1100 |
£1210 minimum |
||
|
“Reserved” service to form a company, in addition to the fee payable upon receipt of documents on an application to form a limited liability company |
£55 |
£61 |
||
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
5 |
Registration of a statement to amend a declaration and issue an amended certificate of formation |
FREE |
FREE |
|
2 |
5 |
Registration of a statement to amend a declaration to change the name of a limited liability company and to issue an amended certificate. |
FREE |
£110 |
|
3 |
8 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
FREE |
|
4 |
6 & 60 (2) (f) |
Cancellation of the formation of a declaration of a limited liability company (to include a series of a limited liability company) |
FREE |
FREE |
|
5 |
FS(D&PI) Law 7(1) |
Receipt of the annual confirmation statement |
£225 |
|
|
6 |
FS(D&PI) Law 7(1) |
Receipt of the annual confirmation statement from 1 January 2022 |
£270* |
|
|
7 |
FS(D&PI) Law 17 |
Plus any additional late filing fee (if applicable) in accordance with Article 49 of the Commission Law |
||
|
a) Where the annual confirmation statement is delivered after the end of February in the year in which it is due but before the end of March in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£55 |
£61 |
||
|
b) Where the annual confirmation statement is provided after the end of March in the year in which it is due but before the end of April in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£110 |
£121 |
||
|
c) Where the annual confirmation statement is provided after the end of April in the year in which it is due but before the end of May in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£165 |
£182 |
||
|
d) Where the annual confirmation statement is provided after the end of May in the year in which it is due but before the end of June in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£220 |
£242 |
||
|
e) Where the annual confirmation statement is provided after the end of June in the year in which it is due but before the end of July in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£330 |
£363 |
||
|
f) Where the annual confirmation statement is provided after the end of July in the year in which it is due but before the end of August in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£440 |
£484 |
||
|
g) Where the annual confirmation statement is provided after the end of August in the year in which it is due but before the end of September in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£550 |
£605 |
||
|
8 |
7(3) |
Receipt of an amendment statement, whereby the limited liability company and/or any series of a limited liability company resolves to change its name and the Registrar issues an Amendment of Formation Certificate |
FREE |
£110 |
|
9 |
60 (2)(b) |
Application fee for mergers/demergers involving Jersey limited liability companies and/or series Up to and including five limited liability and/or series companies |
£825 |
£910 |
|
More than five limited liability and/or series companies |
£1375 |
£1515 |
||
|
In addition with Article 60 (2)(b) above, where structures are considered by the JFSC to be of a more complex nature, an additional fee will be charged |
£2750 |
£3025 |
||
|
10 |
60(2)(c) |
Application fee for mergers involving bodies that are incorporated in Jersey but are not limited liability companies: Up to and including five merging bodies; or |
£825 |
£910 |
|
More than five merging bodies |
£1375 |
£1515 |
||
|
11 |
60(2)© |
In addition with 60 (2)(c) above, where structures are considered by the JFSC to be of a more complex nature, an additional fee will be charged |
£2750 |
£3025 |
|
12 |
60(2)(d) |
Application fee for mergers of limited liability companies with bodies incorporated outside Jersey Up to and including five merging bodies; or |
£825 |
£910 |
|
More than five merging bodies |
£1375 |
£1515 |
||
|
In addition with 60(2)(d) above, where structures are considered by the JFSC to be of a more complex nature, an additional fee will be charged |
£2750 |
£3025 |
||
|
13 |
60(2)(e) |
Application fee or authorization to seek continuance in Jersey and overseas (applications shall be considered within five business days of receipt by Registry) |
£750 |
£825 |
|
14 |
60(2)(f) |
Termination of Summary winding up |
£200 |
£220 |
|
15 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
At the date of publication, the additional amount payable to the JFSC is £115.
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
135(2)(b) |
Fee payable for copy of report made by inspectors under Article 128 of the Law, subject to the requirements of the Law |
£110 electronic copies only |
£121 electronic copies only |
|
2 |
202 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 202 of the Law via the Registry online search facility |
£2 |
£2 |
|
3 |
n/a |
Monitoring Alert (as an aide against identity theft), allows you to receive email notification when a limited liability company you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
201 |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£110 |
£121 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
||
|
2 |
202 |
For each certificate provided by the Registrar pursuant to an application under Article 202 of the Law which is prepared manually by the Registry Office |
£100 |
£110 |
|
3 |
n/a |
A download of active companies registered under the Companies (Jersey) Law 1991, as amended. Includes the company's current name, registration number and date of incorporation |
£200 |
£220 |
|
4 |
n/a |
Ad hoc service (fee by arrangement) |
£1100 minimum |
£1210 minimum |
|
5 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
6 |
n/a |
For each certified document prepared manually by the Registry |
n/a |
£110 |
|
7 |
n/a |
Reservation of a name via the Registry’s online facility |
n/a |
£10 |
Appendix G - Limited Liability Partnership (Jersey) Law 2017
|
Notice of Fees |
|
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998 |
|
Payable by or in relation to: |
Limited Liability Partnerships (LLP) |
|
Pursuant to: |
Article 28 of the Limited Liability Partnerships (Jersey) Law 2017 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
FS(D&PI) Law |
Means the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
|
Law |
Means the Limited Liability Partnerships (Jersey) Law 2017 |
|
Registrar |
Means the Registrar referred to in Article 27 of the Law |
|
Registry |
Means the Jersey Companies Registry at the JFSC |
|
Regulations |
Means the Limited Liability Partnerships (Dissolution and Winding Up) (Jersey) Regulations 2018 |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law/Article(s) of Regulations |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
18 |
Receipt of a declaration delivered |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1100 minimum |
£1210 minimum |
||
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
19 |
Receipt of a statement specifying a change in the declaration delivered, inclusive of name changes |
£100 |
£110 |
|
2 |
19 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
FREE |
|
3 |
20 FS(D&PI) Law 7, 17 Commission Law 15(6) |
Receipt of the annual confirmation statement |
£225 |
|
|
Receipt of the annual confirmation statement from 1 January 2022 |
£270* |
|||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) where the annual confirmation statement for a limited liability partnership is provided after the end of February in the year in which it is due but before the end of March of that year; or |
£55 |
£61 |
||
|
(b) where the annual confirmation statement for a limited liability partnership is provided after the end of March in the year in which it is due but before the end of April of that year; or |
£110 |
£121 |
||
|
(c) where the annual confirmation statement for a limited liability partnership is provided after the end of April in the year in which it is due but before the end of May of that year; or |
£165 |
£182 |
||
|
(d) where the annual confirmation statement for a limited liability partnership is provided after the end of May in the year in which it is due but before the end of June of that year; or |
£220 |
£242 |
||
|
(e) where the annual statement for a limited liability partnership is provided after the end June in the year in which it is due but before the end of July of that year; or |
£330 |
£363 |
||
|
(f) where the annual confirmation statement for a limited liability partnership is provided after the end of July in the year in which it is due but before the end of August of that year; or |
£440 |
£484 |
||
|
(g) where the annual confirmation statement for a limited liability partnership is provided after the end of August in the year in which it is due but before the end of September of that year |
£550 |
£605 |
||
|
4 |
Regulations 4 (2) |
Receipt of a statement of dissolution delivered |
FREE |
FREE |
|
5 |
Regulations 5 (1) |
Receipt of a statement of dissolution delivered |
FREE |
FREE |
|
6 |
Regulations 6 (2) |
Receipt of a copy of a court order for dissolution delivered |
FREE |
FREE |
|
7 |
Regulations 7(2) |
Receipt of a statement of cancellation of dissolution delivered |
£220 |
£242 |
|
8 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
29 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 29 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
2 |
n/a |
Monitoring Alert (an aide against identify theft), allows you to receive email notification when a Limited Liability Partnership you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
28 |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£110 |
£121 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£50 |
£72 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1100 minimum |
£1210 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
4 |
n/a |
For each certified document prepared manually by the Registry |
n/a |
£110 |
|
5 |
n/a |
Reservation of a name via the Registry’s online facility |
n/a |
£10 |
Appendix H - Limited Partnerships (Jersey) Law 1994
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998 |
|
Payable by or in relation to: |
Limited Partnerships (LP) |
|
Pursuant to: |
Article 30A and 31 of the Limited Partnerships (Jersey) Law 1994 |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
Law |
Means the Limited Partnerships (Jersey) Law 1994 |
|
LP Continuance Regulations |
Means the Limited Partnerships (Continuance) (Jersey) Regulations 2020 |
|
Registrar |
Means the Registrar referred to in Article 30(1) of the Law |
|
Registry |
Mean the Jersey Financial Services Companies Registry |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
4 |
Registration of a declaration and issue a certificate : |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1100 minimum |
£1210 minimum |
||
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
5 |
Registration of a statement to amend a declaration and issue a certificate |
FREE |
FREE |
|
2 |
5 |
Registration of a statement to amend a declaration to change the name of the limited partnership and to issue an amended certificate |
FREE |
£110 |
|
3 |
8 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
FREE |
|
4 |
21A |
Cancellation of the registration of a declaration of a limited partnership |
FREE |
FREE |
|
5 |
Reg.3 LP Continuance Regulations |
Continuance within Jersey as a limited partnership |
£605 |
£670 |
|
6 |
30A Commission Law 15(6) |
Receipt of the annual fee |
£225 |
£225 |
|
Receipt of the annual fee from 1 January 2022 |
£270* |
|||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) Where the annual fee for a limited partnership is paid after the end of February in the year in which it is due but before the end of March of that year; or |
£55 |
£61 |
||
|
(b) Where the annual fee for a limited partnership is paid after the end of March in the year in which it is due but before the end of April of that year; or |
£110 |
£121 |
||
|
(c) Where the annual fee for a limited partnership is paid after the end of April in the year in which it is due but before the end of May of that year; or |
£165 |
£182 |
||
|
(d) Where the annual fee for a limited partnership is paid after the end of May in the year in which it is due but before the end of June of that year; or |
£220 |
£242 |
||
|
(e) Where the annual fee for a limited partnership is paid after the end June in the year in which it is due but before the end of July of that year; or |
£330 |
£363 |
||
|
(f) Where the annual fee for a limited partnership is paid after the end of July in the year in which it is due but before the end of August of that year; or |
£440 |
£484 |
||
|
(g) Where the annual fee for a limited partnership is paid after the end of August in the year in which it is due but before the end of September of that year |
£550 |
£605 |
||
|
7 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
32 |
For each copy of a document or other record provided by the registrar pursuant to an application under Article 32 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
Providing a certified copy of a certificate of the registration of a declaration or a certified copy of any other document referred to in Article 32(1)(a) of the Law |
£15 |
£39 |
||
|
2 |
n/a |
Monitoring Alert (an aide against identity theft), allows you to receive email notification when a limited partnership you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value-Added Service
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
31(1) |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£110 |
£121 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1100 minimum |
£1210 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
4 |
n/a |
For each certified document prepared manually by the Registry. |
N/a |
£110 |
|
5 |
n/a |
Reservation of a name via the Registry’s online facility |
n/a |
£10 |
Appendix I - Security Interests (Jersey) Law 2012
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998 |
|
Payable by or in relation to: |
Security Interests Register |
|
Pursuant to: |
Article 90 of the Security Interests (Jersey) Law 2012 |
Commencement date
The fees set out in this notice are effective from 1 January 2021.
Interpretation
In this notice:
|
Change Demand Notice |
Means the written demand described in Articles 75 and 76 of the SI(J)L |
|
Financing Change Statement |
Means the data required or authorised under the SI(J)L to be entered in the Security Interests Register in respect of any transfer, assignment, subordination, discharge, amendment or other action or matter in respect of a security interest or of an assignment of receivable, that has already been registered |
|
Financing Statement |
Means the data required or authorised under the SI(J)L to be entered in the Security Interest Register to effect the Registration of a security interest or of an assignment of receivable |
|
Registrar |
Means the Registrar referred to in Article 60 of the SI(J)L |
|
Registration |
Means the registration of a financing statement in respect of a security interest or assignment of receivables on the Security Interests Register |
|
Regulations |
Means the Alternative Investment Funds (Jersey) Regulations 2012, as amended |
|
Security Interests Register |
Means the register maintained under Part 8 of the SI(J)L |
|
SI(J)L |
Means the Security Interests (Jersey) Law 2012 |
Fees
The following fees are payable to the Registrar for using the Security Interests Register:
Registration
|
Item |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
Registration for 1-20 years for each year of the period |
£8 |
No change |
|
2 |
Registration for more than 20 years (no concept of infinity filing under the SI(J)L) |
£165 |
No change |
Post Registration
|
Item |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
Renew a registration for 1-20 years for each year of the period |
£8 |
No change |
|
2 |
Renew a registration for more than 20 years (no concept of infinity filing under the SI(J)L) |
£165 |
No change |
|
3 |
Discharge a Registration |
FREE |
FREE |
|
4 |
Amend a Registration – other than change of expiry date |
£8 |
No change |
|
5 |
Amend Registration expiry date – follow registration fee scales |
See registration fees |
See registration fees |
|
6 |
Affect a global change of multiple Registrations – other than change of expiry date |
£110 |
No change |
|
7 |
File a Change Demand Notice with the Registrar (by grantor/assignor) |
£25 |
No change |
|
8 |
Security interests taken over collateral that is first time buyer share transfer property |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
Search the Security Interests Register |
£4 |
No change |
Registry Value-Added Service
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
n/a |
Certification of a Financing Statement filed on the Security Interests Register |
£50 |
No change |
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1100 minimum |
No change |
|
3 |
n/a |
Electronically certified copies via the Registry’s online facility |
£35 |
No change |
Appendix J - Separate Limited Partnerships (Jersey) Law 2011
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998 |
|
Payable by or in relation to: |
Separate Limited Partnerships |
|
Pursuant to: |
Articles 33 and 34 of the Separate Limited Partnerships (Jersey) Law 2011 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
FS(D&PI) Law |
Means the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- |
|
Law |
Means the Separate Limited Partnerships (Jersey) Law 2011 |
|
Registrar |
Means the Registrar referred to in Article 32(1) of the Law |
|
Registry |
Means the Jersey Companies Registry |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
4 |
Registration of a declaration and issue a certificate |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1100 minimum |
£1210 minimum |
||
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
5 |
Registration of a statement to amend a declaration and issue an amended certificate |
FREE |
FREE |
|
2 |
5 |
Registration of a statement to amend a declaration to change the name of the separate limited partnership and to issue an amended certificate |
FREE |
£110 |
|
3 |
8 |
Registration of a change of address of a registered office |
FREE |
FREE |
|
4 |
23 |
Cancellation of the registration of a declaration |
FREE |
FREE |
|
5 |
33 FS(D&PI) Law 7, 17 Commission Law 15(6) |
Receipt of the annual confirmation statement |
£225 |
|
|
Receipt of the annual confirmation statement from 1 January 2022 |
£270* |
|||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) Where the annual confirmation statement for a separate limited partnership is provided after the end of February in the year in which it is due but before the end of March of that year; or |
£55 |
£61 |
||
|
(b) Where the annual confirmation statement for a separate limited partnership is provided after the end of March in the year in which it is due but before the end of April of that year; or |
£110 |
£121 |
||
|
(c) Where the annual confirmation statement for a separate limited partnership is provided after the end of April in the year in which it is due but before the end of May of that year; or |
£165 |
£182 |
||
|
(d) Where the annual confirmation statement for a separate limited partnership is provided after the end of May in the year in which it is due but before the end of June of that year; or |
£220 |
£242 |
||
|
(e) Where the annual confirmation statement for a separate limited partnership is provided after the end of June in the year in which it is due but before the end of July of that year; or |
£330 |
£363 |
||
|
(f) Where the annual confirmation statement for a separate limited partnership is provided after the end of July in the year in which it is due but before the end of August of that year; or |
£440 |
£484 |
||
|
(g) Where the annual confirmation statement for a separate limited partnership is provided after the end of August in the year in which it is due but before the end of September of that year |
£550 |
£605 |
||
|
6 |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
|
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
36 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 36 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
Providing a certified copy of a certificate of the registration of a declaration or a certified copy of any other document referred to in Article 36(1) (a) of the Law. |
£15 |
£39 |
||
|
2 |
n/a |
Monitoring Alert (an aide against identity theft), allows you to receive email notification when a separate limited partnership you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Added Service
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
34(1) |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£110 |
£121 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1100 minimum |
£1210 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
4 |
n/a |
For each certified document prepared manually by the Registry. |
N/a |
£110 |
|
5 |
n/a |
Reservation of a name via the Registry’s online facility |
n/a |
£10 |
[1]“Ordinarily administered companies” means companies not administered by a regulated service provider.
[2] The JFSC confirms that no financial penalties have been levied or received to the date of issuing this Consultation Paper.
[3] http://www.gov.je/Government/Consultations/Pages/BeneficialOwnershipofJerseyCompaniesandaRegisterofDirectors.aspx
[4] This group is a JFSC consultative structure made up of the largest users of the registry with representative bodies and government also, normally, in attendance. Further details are available on our website.
[5] A “company administered by a regulated service provider” means a company which has engaged a person carrying on business providing any of the services specified in Article 2(4) of the Financial Services (Jersey) Law 1998.
[6] An “ordinarily administered company” means a company not administered by a regulated service provider.