Consultation on proposals to change Registry fee rates No.7 2023
Consultation on proposals to change Registry fee rates No.7 2023Consultation on proposals to change Registry fee rates
A consultation on proposals to change fee rates.
The Jersey Financial Services Commission (JFSC) invites comments on this consultation. Comments should reach Jersey Finance Limited by 24 November 2023.
Responses should be sent to:
Lisa Springate
Jersey Finance Limited 4th Floor Sir Walter Raleigh House48-50 EsplanadeSt Helier Jersey JE2 3QB
Direct Line: +44 (0) 1534 836029 Office Line: +44 (0) 1534 836000 Email: lisa.springate@jerseyfinance.je
Alternatively, responses may be sent directly to us by 24 November 2023. If you require any assistance, clarification or wish to discuss any aspect of the proposal prior to formulating a response, please contact us.
The JFSC contact is:
Antony Perez
Jersey Financial Services Commission
PO Box 267
14-18 Castle Street
St Helier
Jersey
JE4 8TP
Telephone: +44 (0) 1534 822000
Email: fscaccountsteam@jerseyfsc.org
It is our policy to provide the content of responses for inspection unless specifically requested otherwise.
It is the policy of Jersey Finance Limited (unless otherwise requested or agreed) to collate all responses and share them verbatim with us on an anonymised basis (with reference made only to the type of respondent, e.g. individual, law firm, trust company etc.) This collated, anonymised response will, typically, be placed in JFL’s permanent electronic archive which is currently open to all JFL members.
Glossary
|
Anti-Money Laundering/Combatting the Financing of Terrorism/Counter Proliferation Financing |
|
|
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. |
|
JFSC |
Jersey Financial Services Commission |
|
Jersey Finance |
Jersey Finance Limited |
|
Minister |
Minister For 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 2020; 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 Limited Liability Companies (Jersey) Law 2018. |
|
SBPP |
JFSC’s Sound Business Practice Policy |
|
TCB |
Trust Company Business. |
Consultation
1.1.1 We are issuing this consultation 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”.
1.1.2 In addition, Article 15(3) of the Commission Law requires that before we introduce and publish any fee:
“[T]he Commission 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;
(c)a request for comments on the level of the proposed fee; and
(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”.
1.1.3 Article 15(4) of the Commission Law provides that should the JFSC and a representative body be unable to agree a fee increase above the percentage increase in the RPI since the last fee increase, then the JFSC must request the Bailiff to appoint three Jurats to consider if the fee proposed is unreasonable.
1.1.4 We consider that the proposed fee rates are reasonable and that this consultation paper constitutes such a report as required by the Commission Law.
1.2 Who will be affected by the proposed changes?
1.2.1 The proposed fee changes set out in this Consultation Paper would affect many regulated businesses and some members of the general public.
1.3 Responding to the consultation
1.3.1 We invite comments, in writing, from interested parties on the content of this consultation.
1.3.2 Comments should be shared with either Jersey Finance Limited or us by 24 November 2023.
Following this consultation, the JFSC will publish feedback and the final Fees Notice. If agreed, the fees will be effective from 1 January 2024 or as and when such fees arise thereafter.
2 The JFSC
2.1.1 We are a statutory body corporate established under the Commission Law. We are responsible for the supervision and development of financial services provided in or from within Jersey.
2.1.2 In addition, the JFSC has appointed Julian Lamb as the Registrar pursuant to Article 196 of the Companies (Jersey) Law 1991.
2.1.3 Article 15(2) of the Commission Law provides that fees set by the JFSC are to be retained and must, together with any other income:
2.1.3.1 raise sufficient income to meet our liabilities;
2.1.3.2 cover our expenses; and
2.1.3.3 provide a reserve for such amount as we consider necessary.
2.2.1 Article 5 of the Commission Law prescribes that we are responsible for:
2.2.1.1 the supervision and development of financial services provided in or from within Jersey;
2.2.1.2 providing the States of Jersey, any Minister or any other public body with reports, advice, assistance and information in relation to any matter connected with financial services;
2.2.1.3 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;
2.2.1.4 such functions in relation to financial services or such incidental or ancillary matters:
as are required or authorised by or under any enactment, or
as the States may, by Regulations, transfer; and
2.2.1.5 such other functions as are conferred on the JFSC by any other Law or enactment.
2.3.1 Article 7 of the Commission Law provides that in exercising our functions, we may take into account any appropriate matter, but that we should consider:
2.3.1.1 the reduction of the 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;
2.3.1.2 the protection and enhancement of the reputation and integrity of Jersey in commercial and financial matters;
2.3.1.3 the best economic interests of Jersey; and
2.3.1.4 the need to counter financial crime in both Jersey and elsewhere.
3 The Registry
3.1.1 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).
3.1.2 Jersey, via the JFSC and Registry, operates a ‘four cornerstones approach’ regarding oversight of legal persons and arrangements to prevent misuse for money laundering / terrorist financing. This approach includes:
A central registry gatekeeper function, with a rigorous incorporation / registration process for new legal persons and arrangements.
JFSC regulated gatekeepers, responsible for administration of over 71% of companies, with AML / CFT obligations under the MLO and JFSC AML / CFT / CPF Handbook.
A company approach, which places obligations on legal persons to keep and maintain information at the registered office address.
Registry Supervision function, developed to carry out the proactive monitoring of compliance with information requirements.
3.1.3 As part of the ‘four cornerstones approach’, the Registry administers, vets and evaluates:
3.1.3.1 The activities of each new entity against the JFSC’s SBPP.
3.1.3.2 The ownership and control of the new entity so as to update the central register of beneficial ownership and control.
3.1.3.3 Where relevant, the issuance of consent for the circulation of a Jersey company prospectus.
3.1.4 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.
3.1.5 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.
4 Proposals
4.1.1 In 2020 we consulted on and implemented significant changes to the structure and rates for the Registry fees. These changes further developed the fee structure to be focused on the concept of “user pays” while balancing this with international expectations that certain data should be free to search and retrieve.
4.1.2 The implementation of the digital registry (myRegisty) and continued automation have made interaction with the Registry simpler and more convenient. There are now increased associated costs however, including licences for new vetting systems, and increased cyber security requirements as attacks on registries worldwide have increased in 2023 and are expected to intensify.
4.1.3 Additional requirements in the Registry-related laws, in particular the Financial Services (Provision and Disclosure of information) (Jersey) Law 2020, and related order and regulations have increased our resource requirements for the Registry Supervision and Operations functions, alongside an increased number of registers being maintained, and additional work caused by current economic and geopolitical conditions, including the sanctions related to Russia and Belarus.
4.1.4 The Registry is required to keep pace with international standards and the public expectation for service and is constantly looking to the future for evolving registry requirements, all of which will require additional resources, systems and cost. Fees are set to cater for future developments and ensure that reserve resilience is secured to fund such development. In some cases fees will need to be increased to fund particular registry deliverables which are outside the reserve resilience tolerance, an example of such a case would be new system developments as a result of changes to the global transparency agenda.
4.2.1 Fees will continue to be based on the concept of “the user pays” and no structural changes are being proposed in this consultation.
4.2.2 The Commission Law contemplates increases to fees in line with RPI, which was recorded as 22.3% from the previous increase through to June 2023. Although the cost of the Registry continues to rise in excess of this metric, our ongoing focus on cost control means that the proposed fee increase can be limited to this amount. It is proposed to increase all fees by 22.3% rounded to the nearest £5, with the exception of annual confirmation or annual administration fees for ordinarily administered entities[1] which will have this fee set at £75.
4.2.3 In accordance with Regulation 7 of the Financial Services (Disclosure and Provision of Information) (Jersey) Regulations 2020, the Government of Jersey proposes to increase the levy to be paid on providing an annual confirmation statement by RPI (22.3%) to £175.The £145 levy will be retained for ordinarily administered entities. The Government has taken the decision that those entities who were exempt from paying the higher fee will also be exempt from paying the increased Government levy.
4.2.4 Draft fees notices reflecting the proposals can be found in Appendix A.
4.2.5 Question: Do you agree with the proposed fee increase in-line with RPI (22.3%) ?
Appendix A - 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 2024.
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 |
£61 |
£75 |
|
(b) Filing a statement furnished under Article 5 of the Law |
£61 |
£75 |
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 |
£33 |
£40 |
|
2 |
n/a |
(b) Filing of business name renewal every three years |
£50 |
£60 |
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 |
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 |
£39 |
£50 |
|
2 |
n/a |
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£72 |
£90 |
|
3 |
n/a |
For each signed Certificate of Good Standing prepared manually by the Registry. |
£121 |
£150 |
|
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 |
£110 |
£135 |
|
5 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£39 |
£50 |
|
6 |
n/a |
For each certified document prepared manually by the Registry. |
£110 |
£135 |
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 2024.
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 |
£200 |
||
|
Within 3 business days |
£242 |
£295 |
||
|
Within 2 business days |
£305 |
£375 |
||
|
Within 1 business day |
£425 |
£520 |
||
|
Within 2 hours |
£670 |
£820 |
||
|
Out of hours (by agreement, minimum fee) |
£1,210 minimum |
£1,480 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 |
£61 |
£75 |
||
|
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) |
£825 |
£1,010 |
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 |
£605 |
£740 |
|
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 |
£605 |
£740 |
|
FS(D&PI) Law 7, 17 Commission Law 15(6) |
Receipt of an electronic annual confirmation statement from a company administered by a trust company or fund services business[2] |
£125 (total £270 including Government levy) |
||
|
Receipt of an electronic annual confirmation statement from an ordinarily administered company[3] |
£75 (total £220 including Government levy) |
£75 (total £220 including Government levy) |
||
|
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 |
£61 |
£75 |
||
|
(b) Where the annual confirmation statement is provided after the end of March but before the end of April in that year; or |
£121 |
£150 |
||
|
(c) Where the annual confirmation statement is provided after the end of April but before the end of May in that year; or |
£182 |
£225 |
||
|
(d) Where the annual confirmation statement is provided after the end of May but before the end of June in that year; or |
£242 |
£295 |
||
|
(e) Where the annual confirmation statement is provided after the end of June but before the end of July in that year; or |
£363 |
£445 |
||
|
(f) Where the annual confirmation statement is provided after the end of July but before the end of August in that year; or |
£484 |
£590 |
||
|
(g) Where the annual confirmation statement is provided after the end of August but before the end of September in that year. |
£605 |
£740 |
||
|
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 |
£61 |
£75 |
|
(b) More than 60 calendar days after the date on which the resolution or agreement was passed or made |
£121 |
£150 |
||
|
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 |
£110 |
£135 |
|
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 |
£121 |
£150 |
|
(a) More than 7 months after the end of the financial period to which they relate; or |
£121 |
£150 |
||
|
(b) More than 8 months after the end of the financial period to which they relate; or |
£242 |
£295 |
||
|
(c) More than 9 months after the end of the financial period to which they relate; or |
£363 |
£445 |
||
|
(d) More than 10 months after the end of the financial period to which they relate; or |
£484 |
£590 |
||
|
(e) More than 11 months after the end of the financial period to which they relate; or |
£605 |
£740 |
||
|
(f) More than 12 months after the end of the financial period to which they relate; or |
£726 |
£890 |
||
|
(g) More than 18 months after the end of the financial period to which they relate; or |
£1,210 |
£1,480 |
||
|
(h) More than 24 months after the end of the financial period to which they relate |
£2,420 |
£2,960 |
||
|
12 |
127FG (1) |
Application fee for mergers involving bodies other than companies: (a) Up to and including five merging bodies; or |
£910 |
£1,115 |
|
(b) More than five merging bodies |
£1,515 |
£1,855 |
||
|
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 |
£3,025 |
£3,700 |
||
|
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) |
£825 |
£1,010 |
|
15 |
213 |
Reinstatement Application, plus receipt of each outstanding annual return or confirmation fee. |
£825 + all outstanding annual return or confirmation fees |
£1,010 + 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 |
£242 |
£295 |
|
18 |
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 |
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 |
£121 electronic copies only |
£150 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 |
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 |
£39 |
£50 |
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£72 |
£90 |
||
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£121 |
£150 |
||
|
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 |
£110 |
£135 |
|
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 |
£220 |
£270 |
|
4 |
n/a |
Ad hoc service (fee by arrangement) |
£1,210 minimum |
£1,480 minimum |
|
5 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£39 |
£50 |
|
6 |
n/a |
For each certified document prepared manually by the Registry. |
£110 |
£135 |
|
7 |
n/a |
Reservation of name via the Registry’s online facility |
£10 |
£10 |
Appendix D - Foundations (Jersey) Law 2009
|
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: |
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- |
Commencement date
The fees set out in this notice are effective from 1 January 2024.
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 |
£200 |
||
|
Within 3 business days |
£242 |
£295 |
||
|
Within 2 business days |
£305 |
£375 |
||
|
Within 1 business day |
£425 |
£520 |
||
|
Within 2 hours |
£670 |
£820 |
||
|
Out of hours (by agreement, minimum fee) |
£1,210 minimum |
£1,480 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 |
£61 |
£75 |
||
|
2 |
53 Continuance Regulation 6(2)(b) |
Application for incorporation of a company as a foundation, in accordance with the Continuance Regulations. |
£605 |
£740 |
|
3 |
53 Continuance Regulation 16(2)(b) |
Application for incorporation of a recognised entity as a foundation, in accordance with the Continuance Regulations. |
£605 |
£740 |
|
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 |
£605 |
£740 |
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 from a foundation administered by a trust company or fund services business[4], |
£125 (total £270 including Government levy) |
£155 (total £330 including Government levy) |
|
Receipt of the annual confirmation statement from an ordinarily administered foundation[5] |
N/A |
£75 (total £220 including Government levy) |
||
|
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 |
£61 |
£75 |
||
|
(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 |
£121 |
£150 |
||
|
(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 |
£182 |
£225 |
||
|
(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 |
£242 |
£295 |
||
|
(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 |
£363 |
£445 |
||
|
(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 |
£484 |
£590 |
||
|
(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 |
£605 |
£740 |
||
|
2 |
Mergers Regulation (7) |
Application to Registrar to merge foundations (merger of foundations) |
£910 |
£1,115 |
|
3 |
Mergers Regulation (17) |
Application to Registrar to implement merger agreement (merger of a foundation with a body corporate to continue as a body corporate) |
£910 |
£1,115 |
|
4 |
Mergers Regulation (29) |
Receipt of a Notification of Amendment of charter |
FREE |
FREE |
|
5 |
Art 38 of the Law |
Receipt of a Notification of Amendment of charter to change the name of the foundation |
£110 |
£135 |
|
6 |
Art 38 of the Law |
Receipt of a Notification of appointed of a qualified person to be the qualified member |
FREE |
FREE |
|
7 |
Art 23(3) of the Law |
Receipt of Notification of Change of registered office of the Qualified Member |
FREE |
FREE |
|
8 |
n/a |
Receipt of a Notice of dissolution in accordance with the Winding up Regulations |
FREE |
FREE |
|
9 |
Winding up Regulations 3(4) |
Reinstatement Application, plus receipt of each outstanding annual return or confirmation fee(s). |
£825 + all outstanding annual return or confirmation fees |
£1,010 + all outstanding annual return or confirmation fees |
|
10 |
Winding Up Regulations 39 |
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 |
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 |
£39 |
£50 |
|
For each signed certificate prepared manually by the Registry |
£110 |
£135 |
||
|
For each electronically certified foundation certificate issued via the Registry’s online facility |
£72 |
£90 |
||
|
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 |
£110 |
£135 |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£39 |
£50 |
|
4 |
n/a |
Reservation of name via the Registry’s online facility |
£10 |
£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 2024.
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 |
£305 |
£375 |
||
|
Within 1 business day |
£425 |
£520 |
||
|
Within 2 hours |
£670 |
£820 |
||
|
Out of hours (by agreement, minimum fee) |
£1,210 minimum |
£1,480 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 |
£110 |
£135 |
|
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 from a incorporated limited partnership administered by a trust company or fund services business[6], |
£125 (total £270 including Government levy) |
£155 (total £330 including Government levy) |
|
Receipt of the annual confirmation statement from an ordinarily administered incorporated limited partnership [7] |
N/A |
£75 (total £220 including Government levy) |
||
|
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 |
£61 |
£75 |
||
|
(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 |
£121 |
£150 |
||
|
(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 |
£182 |
£225 |
||
|
(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 |
£242 |
£295 |
||
|
(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 |
£363 |
£445 |
||
|
(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 |
£484 |
£590 |
||
|
(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 |
£605 |
£740 |
||
|
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 |
FREE |
FREE |
|
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 |
£39 |
£50 |
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 |
£39 |
£50 |
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£121 |
£150 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£72 |
£90 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1,210 minimum |
£1,480 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£39 |
£50 |
|
4 |
n/a |
Reservation of name via the Registry’s online facility |
£10 |
£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 2024.
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 |
£200 |
||
|
Within 3 business days |
£242 |
£295 |
||
|
Within 2 business days |
£305 |
£375 |
||
|
Within 1 business day |
£425 |
£520 |
||
|
Within 2 hours |
£670 |
£820 |
||
|
Out of hours (by agreement, minimum fee) |
£1,210minimum |
£1,480 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 |
£61 |
£75 |
||
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. |
£110 |
£135 |
|
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 |
£125 (total £270 including Government levy) |
£155 (total £330 including Government levy) |
|
Receipt of the annual confirmation statement from a limited liability company administered by a trust company or fund services business[8], |
£125 (total £270 including Government levy) |
£155 (total £330 including Government levy) |
||
|
Receipt of the annual confirmation statement from an ordinarily administered limited liability company [9] |
N/A |
£75 (total £220 including Government levy) |
||
|
6 |
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 |
£61 |
£75 |
||
|
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 |
£121 |
£150 |
||
|
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 |
£182 |
£225 |
||
|
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 |
£242 |
£295 |
||
|
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 |
£363 |
£445 |
||
|
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 |
£484 |
£590 |
||
|
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). |
£605 |
£710 |
||
|
7 |
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 |
£110 |
£135 |
|
8 |
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 |
£910 |
£1,115 |
|
More than five limited liability and/or series companies |
£1,515 |
£1,855 |
||
|
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 |
£3,025 |
£3,700 |
||
|
9 |
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 |
£910 |
£1,115 |
|
More than five merging bodies |
£1,515 |
£1,855 |
||
|
10 |
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 |
£3,025 |
£3,700 |
|
11 |
60(2)(d) |
Application fee for mergers of limited liability companies with bodies incorporated outside Jersey Up to and including five merging bodies; or |
£910 |
£1,115 |
|
More than five merging bodies |
£1,515 |
£1,855 |
||
|
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 |
£3,025 |
£3,700 |
||
|
12 |
60(2)(e) |
Application fee or authorisation to seek continuance in Jersey and overseas (applications shall be considered within five business days of receipt by Registry) |
£825 |
£1,010 |
|
13 |
60(2)(f) |
Termination of Summary winding up |
£220 |
£270 |
|
14 |
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 |
£121 electronic copies only |
£150 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 |
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 |
£39 |
£50 |
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£121 |
£150 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£72 |
£90 |
||
|
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 |
£110 |
£135 |
|
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 |
£220 |
£270 |
|
4 |
n/a |
Ad hoc service (fee by arrangement) |
£1,210 minimum |
£1,480 minimum |
|
5 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£39 |
£50 |
|
6 |
n/a |
For each certified document prepared manually by the Registry |
£110 |
£135 |
|
7 |
n/a |
Reservation of a name via the Registry’s online facility |
£10 |
£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 2024.
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 |
£305 |
£375 |
||
|
Within 1 business day |
£425 |
£520 |
||
|
Within 2 hours |
£670 |
£820 |
||
|
Out of hours (by agreement, minimum fee) |
£1,210 minimum |
£1,480 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 |
£110 |
£135 |
|
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 from a limited liability partnership administered by a trust company or fund services business[10], |
£125 (total £270 including Government levy) |
£155 (total £330 including Government levy) |
|
Receipt of the annual confirmation statement from an ordinarily administered limited liability partnership[11] |
N/A |
£75 (total £220 including Government levy) |
||
|
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 |
£61 |
£75 |
||
|
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 |
£121 |
£150 |
||
|
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 |
£182 |
£225 |
||
|
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 |
£242 |
£295 |
||
|
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 |
£363 |
£445 |
||
|
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 |
£484 |
£590 |
||
|
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 |
£605 |
£740 |
||
|
4 |
Regulations 4 (2) |
Receipt of a statement of dissolution delivered |
FREE |
FREE |
|
5 |
Regulations 5 (1) |
Receipt of a copy of a court order for dissolution delivered |
FREE |
FREE |
|
6 |
Regulations 6 (2) |
Receipt of a statement of cancellation of dissolution delivered |
£242 |
£295 |
|
7 |
Regulations 7(2) |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
|
8 |
n/a |
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 |
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 |
£39 |
£50 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£121 |
£150 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£72 |
£90 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1,210 minimum |
£1,480 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£39 |
£50 |
|
4 |
n/a |
For each certified document prepared manually by the Registry |
£110 |
£135 |
|
5 |
n/a |
Reservation of a name via the Registry’s online facility |
£10 |
£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 2024.
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 |
£305 |
£370 |
||
|
Within 1 business day |
£425 |
£520 |
||
|
Within 2 hours |
£670 |
£820 |
||
|
Out of hours (by agreement, minimum fee) |
£1,210 minimum |
£1,480 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 |
£110 |
£135 |
|
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 |
22 |
Reinstatement application, plus receipt of each outstanding annual administration fee. |
£825 + all outstanding annual administration fees |
£1,010 + all outstanding annual administration fees |
|
6 |
Reg.3 LP Continuance Regulations |
Continuance within Jersey as a limited partnership |
£670 |
£820 |
|
30A Commission Law 15(6) |
Annual administration fee from a limited partnership administered by a trust company or fund services business[12], |
£125 (total £270 including Government levy) |
£155 (total £330 including Government levy) |
|
|
Annual administration fee from an ordinarily administered limited partnership[13] |
N/A |
£75 (total £220 including Government levy) |
||
|
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 |
£61 |
£75 |
||
|
(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 |
£121 |
£150 |
||
|
(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 |
£182 |
£225 |
||
|
(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 |
£242 |
£295 |
||
|
(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 |
£363 |
£445 |
||
|
(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 |
£484 |
£590 |
||
|
(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 |
£605 |
£740 |
||
|
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 |
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 |
FREE |
FREE |
|
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 |
£39 |
£50 |
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 |
£39 |
£50 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£121 |
£150 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£72 |
£90 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1,210 minimum |
£1,480 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£39 |
£50 |
|
4 |
n/a |
For each certified document prepared manually by the Registry. |
£110 |
£135 |
|
5 |
n/a |
Reservation of a name via the Registry’s online facility |
£10 |
£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 2024.
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 |
£10 |
|
2 |
Registration for more than 20 years (no concept of infinity filing under the SI(J)L) |
£165 |
£200 |
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 |
£10 |
|
2 |
Renew a registration for more than 20 years (no concept of infinity filing under the SI(J)L) |
£165 |
£200 |
|
3 |
Discharge a Registration |
FREE |
FREE |
|
4 |
Amend a Registration – other than change of expiry date |
£8 |
£10 |
|
5 |
Amend Registration expiry date – follow registration fee scales |
See registration fees |
See registration fees |
|
6 |
Effect a global change of multiple Registrations – other than change of expiry date |
£110 |
£135 |
|
7 |
File a Change Demand Notice with the Registrar (by grantor/assignor) |
£25 |
£30 |
|
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 |
£5 |
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 |
£60 |
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1100 minimum |
£1,345 |
|
3 |
n/a |
Electronically certified copies via the Registry’s online facility |
£35 |
£45 |
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 2024.
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 |
£305 |
£375 |
||
|
Within 1 business day |
£425 |
£520 |
||
|
Within 2 hours |
£670 |
£820 |
||
|
Out of hours (by agreement, minimum fee) |
£1,210 minimum |
£1,480 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 |
£110 |
£135 |
|
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 |
£125 (total £270 including Government levy) |
£155 (total £330 including Government levy) |
|
Receipt of the annual confirmation statement from a separate limited partnership administered by a trust company or fund services business[14], |
£125 (total £270 including Government levy) |
£155 (total £330 including Government levy) |
||
|
Receipt of the annual confirmation statement from an ordinarily administered separate limited partnership [15] |
N/A |
£75 (total £220 including Government levy) |
||
|
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 |
£61 |
£75 |
||
|
(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 |
£121 |
£150 |
||
|
(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 |
£182 |
£225 |
||
|
(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 |
£242 |
£295 |
||
|
(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 |
£363 |
£445 |
||
|
(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 |
£484 |
£590 |
||
|
(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 |
£605 |
£740 |
||
|
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 |
FREE |
FREE |
|
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. |
£39 |
£50 |
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 |
£39 |
£50 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£121 |
£150 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£72 |
£90 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1,210 minimum |
£1,480 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£39 |
£50 |
|
4 |
n/a |
For each certified document prepared manually by the Registry. |
£110 |
£135 |
|
5 |
n/a |
Reservation of a name via the Registry’s online facility |
£10 |
£10 |
[1] An “ordinarily administered” entity means a company or other entity not administered by a trust company or fund services business. For the purposes of this fee notice, a company or other entity is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[2] A “trust company or fund services business” means a trust company or fund services business defined by the Financial Services (Jersey) Law 1998. For the purposes of this fee notice, a company is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[3] An “ordinarily administered company” means a company not administered by a trust company or fund services business. For the purposes of this fee notice, a company is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[4] A “trust company or fund services business” means a trust company or fund services business defined by the Financial Services (Jersey) Law 1998. For the purposes of this fee notice, a foundation is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[5] An “ordinarily administered foundation” means a foundation not administered by a trust company or fund services business. For the purposes of this fee notice, a foundation is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[6] A “trust company or fund services business” means a trust company or fund services business defined by the Financial Services (Jersey) Law 1998. For the purposes of this fee notice, an incorporated limited partnership is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[7] An “ordinarily administered incorporated limited partnership” means a incorporated limited partnership not administered by a trust company or fund services business. For the purposes of this fee notice, a incorporated limited partnership is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[8] A “trust company or fund services business” means a trust company or fund services business defined by the Financial Services (Jersey) Law 1998. For the purposes of this fee notice, a limited liability company is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[9] An “ordinarily administered limited liability company” means a limited liability company not administered by a trust company or fund services business. For the purposes of this fee notice, a limited liability company is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[10] A “trust company or fund services business” means a trust company or fund services business defined by the Financial Services (Jersey) Law 1998. For the purposes of this fee notice, a limited liability partnership is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[11] An “ordinarily administered limited liability partnership” means a limited liability partnership not administered by a trust company or fund services business. For the purposes of this fee notice, a limited liability partnership is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[12] A “trust company or fund services business” means a trust company or fund services business defined by the Financial Services (Jersey) Law 1998. For the purposes of this fee notice, a limited partnership is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[13] An “ordinarily administered limited partnership” means a limited partnership not administered by a trust company or fund services business. For the purposes of this fee notice, a limited partnership is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[14] A “trust company or fund services business” means a trust company or fund services business defined by the Financial Services (Jersey) Law 1998. For the purposes of this fee notice, a separate limited partnership is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.
[15] An “ordinarily administered separate limited partnership” means a separate limited partnership not administered by a trust company or fund services business. For the purposes of this fee notice, a separate limited partnership is not administered by a trust company business if the trust company business provides only business prescribed as class O under the Financial Services (Financial Service Business) (Jersey) Order 2009.