Consultation on proposals to introduce new, and change existing registry fees No 3 2019
Consultation on proposals to introduce new, and change existing registry fees No 3 2019A consultation on proposals to introduce new, and change existing Registry fees proposed fees under:
Registration of Business Names (Jersey) Law 1956
Companies (Jersey) Law 1991
Foundations (Jersey) Law 2009
Incorporated Limited Partnerships (Jersey) Law 2011
Limited Liability Companies (Jersey) Law 2018
Limited Liability Partnerships (Jersey) Law 2017
Limited Partnerships (Jersey) Law 1994
Security Interests (Jersey) Law 2012
Separate Limited Partnerships (Jersey) Law 2011.
Together the ‘Registry Laws’
Issued: 5 April 2019
Consultation No. 3 2019
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. Lisa Springate at Jersey Finance is co-ordinating an industry response that will incorporate any matters raised by local businesses. Comments should reach Jersey Finance by Friday 24 May 2019.
Responses should be sent to:
Lisa Springate – Head of Technical
Jersey Finance LimitedTelephone: +44 (0) 1534 836029
4th FloorWebsite: www.jerseyfinance.je
Sir Walter Raleigh HouseEmail: lisa.springate@jerseyfinance.je
48-50 Esplanade
St Helier
Jersey
JE2 3QB
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.). 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, responses may be sent directly to the JFSC by Friday 24 May 2019. 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.
The JFSC contacts are:
Julian LambDawn Kennedy
Director, RegistrarHead of Registry Operations
Jersey Financial Services CommissionJersey Financial Services Commission
PO Box 267PO Box 267
14-18 Castle Street14-18 Castle Street
St HelierSt Helier
JerseyJersey
JE4 8TPJE4 8TP
Telephone: +44 (0) 1534 822067Telephone: +44 (0) 1534 822079
Email: j.lamb@jerseyfsc.orgEmail: d.kennedy@jerseyfsc.org
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/CFTAnti-Money Laundering/Combatting the Financing of Terrorism
Commission LawThe Financial Services Commission (Jersey) Law 1998
ICTInformation Communication Technology
JFSC The Jersey Financial Services Commission
Jersey FinanceJersey Finance Limited
MinisterThe Chief Minister
RegistrarThe Registrar referred to in Article 196 of the Companies (Jersey) Law 1991
RegistryThe Jersey Companies Registry
Registry LawsThe 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.
SBPPThe JFSC’s Sound Business Practice Policy
TCBTrust 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, and also gives an indication of possible fee changes for subsequent years. It does this by looking at the context of known registry developments such as the limited liability company (LLC).
1.1.2 The Registry is now consulting on its funding having regard to the age and range of Registry Laws and related fees as well as the overall changing global registry environment.
1.2 What is proposed and why?
1.2.1 This Consultation Paper seeks views on a number of fee changes. The intention is to continually bring fees in line 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, wider registry development and the volume of registry initiatives which has increased greatly recently. Although some fee increases are proposed there are also several fee decreases, with certain services now being provided free in line with international standards and expectations.
1.2.2 Registries are 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 therefore vital, fee changes are being proposed to incentivise companies and other entities to keep their data up-to-date. Our processes of verifying breeds business, community and international fora confidence in the registers.
1.2.3 The modernisation of business registers provides a timely opportunity for the JFSC to review both the quantum and nature of these fees, to ensure the business registers are funded sustainably.
1.2.4 Given the global environment and focus on registries, the JFSC believes these current proposed changes are necessary and sufficient based upon known facts and circumstances. Should that environment change the JFSC would have to consider the appropriate response.
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 The general public, in particular, which will include local residents, are asked to consider the initiatives as a whole. We believe that what is proposed is fair and proportionate. In considering this Consultation Paper, readers are specifically advised of the following proposals:
1.3.2.1 The annual return for companies, partnerships and foundations will increase from the current fee of £200 to £230 (submitted by the online system) and £240 (submitted by paper). The annual return fee was last increased on 1 January 2017 with an increase that was well below inflation for the period then covered (13 years). The current proposed increase is slightly above the inflation rate for the last three years.
1.3.2.2 A five tier system for company incorporations was introduced in 2017 with the cost for a turnaround time of five days now being set at £165, £110 less than the standard two day incorporation cost of £275.
1.3.2.3 Some search fees will gradually be reduced so that eventually most basic information will be available to search free of charge. By way of example, as demonstrated in the appendices attached, certain company, partnerships and foundation record searching and monitoring will continue to be free and the more general search fee has been reduced from £4 to £2.
1.3.2.4 Companies are asked to consider the costs detailed in the Schedule of the Maximum Sums that may be charged by a Company. The JFSC has proposed to leave these cost un-changed predominately based on the belief that most documents will be produced electronically and cost £10.
1.3.2.5 The registration of a business name will be required in the future to be renewed every three years (this is subject to the business names Law being amended).
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[1]
(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 Friday 24 May 2019.
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 the 1 January 2020 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.
4.2 Government registries
4.2.1 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.
4.2.2 The Limited Liability Companies Law 2018 was registered by the Royal Court on 21 December 2018. Subordinate legislation is still to be developed to carry this law into effect. This consultation paper sets out fees which will be charged when the Law comes into force. The Law is due to come into force during the first quarter of 2020 or earlier if possible.
5 The proposed Registry fees model
5.1 Background
5.1.1 The Companies (Jersey) Law 1991 is 28 years old, its age, coupled with international developments, has necessitated 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[2], we anticipate that there will be further consultation papers in due course which will consider inter alia: a) changes to the administrative mechanisms; for the usefulness of the current annual return (replacing the current system with a process requiring an update upon change); and b) an improved central register of beneficial ownership (to include a register of controllers)[3]and directors. In preparing this Consultation Paper, due regard has been given to evolving global transparency (including the collection of both basic[4] and beneficial ownership[5] information) as well as the open source data initiative.
5.1.2 The initiatives identified at 5.1.1 have required registries to reconsider their funding models; it is now expected by international standards and assessors that certain corporate information should not only be current but also freely accessible. This also means free of any monetary charge for access. Registry systems which provide ease of filing, monitoring, retrieval and search facilities together with appropriate security systems, are relatively expensive to operate. This Consultation Paper considers the evolving Jersey Registry funding model and proposes appropriate Registry fees going forward.
5.2 Fees model
5.2.1 Fees will be, as far as possible, 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, as are the costs relating to the upkeep of a paper based system.
5.2.2 The new Registry fees model will thus focus on three key areas:
5.2.2.1 Filing[6]:
5.2.2.1.1 Registration (mainly covered by the registration fee).
5.2.2.1.2Post registration: on-going ‘life cycle’ administration and ensuring the register is accurate (mainly covered by the annual return and late penalty fees, however where there are changes due to entity choice (such as a name change) fees will be charged and levied to represent the actual resource commitment to such change).
5.2.2.1.3Beneficial ownership and controllers and basic information filing (mainly covered by the annual return and late penalty fees).
5.2.2.2 Search, retrieval and monitoring (covered by the annual return fee and where appropriate a search fee).
5.2.2.3 Registry value - added services and discrete charges (covered by “user pays” fees).
6 Registry fees
6.1 Fee notices
6.1.1 An outline of the significant proposals for fee changes is given in section 6.2 below. All fee changes are detailed in the draft notices at the appendices attached to this consultation and are highlighted in red. The draft fee notices are now also indicating services provided by the Registry where no fee is charged.
6.2 Filing
Registration
6.2.1 The JFSC increased the choices open to applicants for registration in 2017. This was to cater for all Registry users, ranging from the local plumber to the branded global holding PLC, the new proposed choices are a lot broader.
6.2.2 Accordingly, the Registry proposes the following choices (for all Registry product laws excluding business names and security interests) to be introduced:
Table 1 – Company registration fees:
|
Registration timescale |
Current fee (£) |
New fee (£) |
|
5 days |
150 |
165 |
|
3 days |
200 |
220 |
|
2 days |
250 |
275 |
|
24 hours |
350 |
385 |
|
2 hours |
550 |
605 |
|
“out of hours” (by agreement, minimum fee) |
1,000+ |
1,100+ |
Table 2 – Registrable Partnerships registration fees:
|
Registration timescale |
Current fee (£) |
New fee (£) |
|
2 days |
250 |
275 |
|
24 hours |
350 |
385 |
|
2 hours |
550 |
605 |
|
“out of hours” (by agreement, minimum fee) |
1,000 |
1,100+ |
6.2.3 The choices detailed in tables 1 and 2 at 6.2.2 above are designed to allocate Registry resource so as to focus on customer needs, catering for both the financial services industry and the non-financial related activities of some local residents. It is expected, for example that the five day service will best suit a local resident. Partnerships are not normally used by the non-financial sector so the three and five day options are considered unnecessary.
Post registration: on-going ‘life cycle’ administration
Annual return fees
6.2.4 The Government’s Economic Development Department issued on 13 August 2010 a Green Paper on Annual Company Fees[7]. One of the recommendations of the Green Paper was to increase the Jersey company annual return fee from £150 to £250. At the time the annual return fee had not been increased since 2003 and an inflationary rise was being considered. As of 13 August 2010 an inflation rise would have made the annual return fee at least £200. After listening to respondents the Government decided not to increase the annual fee and at that time decided to defer the change for another year. The final comments as set out at the end of the response paper are set out below:
“Whilst it was not a specific recommendation of the Green Paper, the Minister feels that the direction of those received responses points towards holding annual company fees at the current level for another year and that consideration is given instead to a modest increase in the ISE fee by way of alternative.
An ISE fee increase neatly avoids the perceived inequities that would be experienced by Jersey companies who exist only to hold property and also shields from further increase in overheads small businesses which operate only locally.
Of course, if this route is adopted all of the increase would be payable to the Treasury (as opposed to an increase in the annual company fee, where a proportion would go to the Jersey Financial Services Commission). As costs have risen since the last increase, it may well be necessary to realign the proportion of the annual company fee that is paid to the Jersey Financial Services Commission to ensure that all their costs are met. It is fundamentally important that Jersey invests in the Registries to ensure that they meet the needs of the 21st century”.
6.2.5 As of the date of the Green Paper there had been no increase to the annual return fee since 2003. If fees had been increased in line with inflation the annual return fee at the beginning of 2017 would have been approximately £260.
6.2.6 As stated in the Government’s response, it is important that Jersey invests in the Registries to ensure that they meet the needs of the 21st century. Therefore there is a need to rectify the shortfall in previous years’ infrastructure investment and fund future and on-going registry development needs. The world is a different place now than back in 2010; there are now far more resource pressures on the Registry which includes cyber security issues and the AML/CFT requirements of a central register of beneficial ownership and control. A below inflation increase was levied for a period of three years from 1 January 2017.
6.2.7 Given the requirement for the JFSC to cover current and future costs of development, such as replacing the existing ageing registry infrastructure, new registers, cyber-security and registry AML/CFT systems, the JFSC is proposing to increase, from 1 January 2020, the annual return fees and annual administration fees for companies, partnerships and foundations. The fee increase will be from the existing £200 to £230 if filed via the Registry’s online system or £240 if a paper submission is made. All fees collected are subject to a fee sharing arrangement between the Commission and the Government of Jersey. The fee increase is consider to be broadly in line with inflation and still below the 2017 full inflation indexed amount of £260 identified at 6.2.5.
6.2.8 Mergers, de-mergers and continuances fees will be set at higher rates to represent the resource allocated to process such tasks and that these actions are a choice of the person(s) concerned.
Late filing fees
6.2.9 Most filings for up-dating the registers are free of an individual filing fee; the processing costs are covered by the annual return/administration fee. Such filings include special resolutions, beneficial owner and controller changes, registered office address changes and filing of certain Acts of Court. However, 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.
6.2.10 It is considered that these penalties again need to be updated. Fees will be changed so that the longer a filing is overdue the higher the fee. An added incentive to file on time is that the later filing fee increases are not necessarily linear but may progress in an exponential way. For example: the annual return late fee will progressively increase by £55 a month until the end of June (the date the Registry sends out “strike off” notices) at which stage they will increase at £110 per month until the strike off date on the first working day of October of each year.
Business names
6.2.11 The Registry continues to seek Government support to update the Registration of Business Names (Jersey) Law 1956 so as to pursue a re-registration process requirement every three years – this is based on the Australian model and is driven by the need to keep our business names register up-to-date and accurate. In short, if an individual, partnership or body corporate wishes to continue using a business name, it must renew the registration before it expires and pay the registration renewal fee. It is proposed that a renewal fee of £50 is paid to renew such registration for three years.
6.2.12 To facilitate the process, the JFSC is intending, in time, to build an online portal to enable users that have more than one business name, to align the expiration of business name registration periods when renewing a registration.
6.2.13 In introducing such a new policy, careful consideration will have to be given to a transitional phase. In any event, the new policy would only take effect once appropriate amendments have been made to the Registration of Business Names (Jersey) Law 1956.
6.3 Searching, retrieval and monitoring
6.3.1 Monitoring systems which are available for all but particularly company directors and secretaries, protect against identity theft and vexatious filings. As expected by international assessors or when assessing against AML/CFT requirements for legal persons, transparency of basic information is demonstrated by how easily data can be obtained. Demanding a fee to retrieve a document is seen as hindering the transparency process. Ultimately, all basic information should be available for free, however this will be achieved gradually as new systems come on line and as new Registry value-added services are introduced. Current search fees for 2018 amounted to approximately £400,000. To this end the search fee will be reduced from the current £4 to £2 from 1 January 2020.
6.4 Registry value-added services and Discrete Charges
6.4.1 The aim of the Registry is to provide new value-added services, such as online certified documents and API’s (Application Program interface) which will facilitate easy access to our registers. With time, it is hoped that the Registry will provide new added services allowing TCBs to update information in one sweep (such as a change of address) as well as providing publically available information in an electronic bulk format which would include a company profile report containing a summary of the publically available information .
6.4.2 The Registry will 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.
6.4.3 The Registry will be consulting in due course, in line with the JFSC’s approach to discrete charges, on the introduction of a fee for the issuing of CoBo consents and for processing the notifications related to the establishment of unregulated funds. Work continues in this space.
6.5 Competitiveness
6.5.1 In addition, the JFSC understands the need to remain competitive and therefore a table of the standard annual return fees for companies has been included below. Table 1 highlights that Jersey fees compare well with similar jurisdictions.
|
Jurisdiction |
Annual company registration fee |
Conversion to GBP |
|
Cayman |
Exempted Company - depending on share capital fee payable ranges between CI$700 and CI$2,568 |
Depending on share capital between £769 and £2,821 (exchange rate of 0.91) |
|
BVI |
Standard company authorised to issue up to 50,000 shares $450 >50,000 shares $1,200 |
Standard company authorised to issue up to 50,000 shares £342 >50,000 shares £912 (exchange rate of 0.75) |
|
Guernsey |
Non regulated company £250 Financial product company £500 Regulated entities £500 |
|
|
Isle of Man |
Standard company £380 |
|
|
Jersey |
Return submitted in paper form £210 proposal to increase to £240 Online £200 proposal to increase to £230 |
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 J.
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 options and the proposed fee 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 Limited
›Jersey Registry User Group
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 2020.
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 |
£50 |
£55 |
|
(b) Filing a statement furnished under Article 5 of the Law |
£50 |
£55 |
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 |
£25 |
£30 |
|
2 |
n/a |
(b) Filing of business name renewal every three years[8] |
- |
£50 |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
17(1)(a) |
For making the register available for inspection: Postal Search |
£30 |
No change |
|
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 and printed by the Registry |
£10 |
No change |
|
|
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 and viewed without printing from a terminal within the Registry |
FREE |
FREE |
|
|
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 |
£4 |
£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 |
£30 |
£35 |
|
For each signed Certificate of Good Standing prepared manually by the Registry. |
£100 |
£110 |
||
|
2 |
n/a |
For each manual authentication given to a Certificate of Good Standing issued via the Registry’s online facility |
£60 |
£65 |
|
3 |
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 |
£15 |
£100 |
|
4 |
Digitally Certified copies via the Registry’s online facility |
- |
£35 |
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 |
Commencement date
The fees set out in this notice are effective from 1 January 2020
Interpretation
In this notice:
|
Additional Charge Regulations |
Means the Companies (Annual returns – Additional Charge) (Jersey) Regulations 2008 |
|
JFSC |
Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
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
|
|
|
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) : |
|||
|
1 |
3,7,127YB and 127YH |
Within 5 business days |
£150 |
£165 |
|
Within 3 business days |
£200 |
£220 |
||
|
Within 2 business days |
£250 |
£275 |
||
|
Within 1 business day |
£350 |
£385 |
||
|
Within 2 hours |
£550 |
£605 |
||
|
Out of hours (by agreement, minimum fee) |
£1000 minimum |
£1100 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 |
£50 |
£55 |
||
|
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) |
£500 |
£750 |
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
11 and 100 |
Receipt of documents following a special resolution by a company to convert to or from a cell company and the issue of an amended certificate of incorporation |
£500 |
£550 |
|
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 |
£500 |
£550 |
|
3 |
71 and 127Y Commission Law 15(6) |
Receipt of an annual return in paper form for a company or whereby the company is a cell of a cell company (other than by a company or cell whose income is exempted from income tax by virtue of Article 115(a) of the Income Tax (Jersey) Law 1961) |
£210* |
£240* |
|
Receipt of an annual return using the online filing facility for a company or whereby the company is a cell of a cell company (other than by a company or cell whose income is exempted from income tax by virtue of Article 115(a) of the Income Tax (Jersey) Law 1961) |
£200* |
£230* |
||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law |
||||
|
(a) Where the annual return 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 company and in respect of each cell of a cell company (if any); or |
£50 |
£55 |
||
|
(b) Where the annual return is delivered after the end of March but before the end of April in that year, in respect of the company and in respect of each cell of a cell company (if any); or |
£100 |
£110 |
||
|
(c) Where the annual return is delivered after the end of April but before the end of May in that year, in respect of the company and in respect of each cell of a cell company (if any); or |
£150 |
£165 |
||
|
(d) Where the annual return is delivered after the end of May but before the end of June in that year, in respect of the company and in respect of each cell of a cell company (if any); or |
£200 |
£220 |
||
|
(e) Where the annual return is delivered after the end of June but before the end of July in that year, in respect of the company and in respect of each cell of a cell company (if any); or |
£300 |
£330 |
||
|
(f) Where the annual return is delivered after the end of July but before the end of August in that year, in respect of the company and in respect of each cell of a cell company (if any); or |
£400 |
£440 |
||
|
(g) Where the annual return is delivered after the end of August but before the end of September in that year, in respect of the company and in respect of each cell of a cell company (if any) |
£500 |
£550 |
||
|
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 |
£50 |
£55 |
|
(b) More than 60 calendar days after the date on which the resolution or agreement was passed or made |
£100 |
£110 |
||
|
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 |
|
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 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 |
£100 |
£110 |
|
(a) More than 7 months after the end of the financial period to which they relate; or |
£100 |
£110 |
||
|
(b) More than 8 months after the end of the financial period to which they relate; or |
£200 |
£220 |
||
|
(c) More than 9 months after the end of the financial period to which they relate; or |
£300 |
£330 |
||
|
(d) More than 10 months after the end of the financial period to which they relate; or |
£400 |
£440 |
||
|
(e) More than 11 months after the end of the financial period to which they relate; or |
£500 |
£550 |
||
|
(f) More than 12 months after the end of the financial period to which they relate; or |
£600 |
£660 |
||
|
(g) More than 18 months after the end of the financial period to which they relate; or |
£1000 |
£1100 |
||
|
(h) More than 24 months after the end of the financial period to which they relate |
£2000 |
£2200 |
||
|
12 |
127FG (1) |
Application fee for mergers involving bodies other than companies: (a) Up to and including five merging bodies; or |
£750 |
£825 |
|
(b) More than five merging bodies |
£1250 |
£1375 |
||
|
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 |
£2500 |
£2750 |
||
|
13 |
127F and 127FA |
Application fee for mergers/demergers involving Jersey companies |
FREE |
FREE |
|
14 |
127T |
Application fee or authorization to seek continuance overseas (applications shall be considered within five business days of receipt by Registry) |
£500 |
£750 |
|
15 |
213 |
Reinstatement Application, plus receipt of each outstanding annual return(s) (in paper form) in respect of a company or cell of a company (other than by a company whose income is exempted from income tax by virtue of Article 115(a) of the Income Tax (Jersey) Law 1961) |
£500 + all outstanding annual returns fees |
£750 + all outstanding annual returns fees |
|
16 |
145-150 |
Receipt of Application of Summary winding up and dissolve |
FREE |
FREE |
|
17 |
154 |
Termination of Summary winding up |
£200 |
£220 |
|
18 |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
|
*Pursuant to Article 201(2) of the Law, an additional amount in the sum stated in the Additional Charge Regulations is included within the documents that are delivered to the Registrar in accordance with Article 71 of the Law (which relates to the annual return of a company). As 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 |
£100 electronic copies only |
£110 electronic copies only |
|
For making the register available for inspection: Postal search |
£20 |
£25 |
||
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 202 of the Law and printed by the Registry |
£10 |
No change |
||
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 202 of the Law and viewed without printing from a terminal within the Registry |
FREE |
FREE |
||
|
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 |
£4 |
£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 |
£30 |
£35 |
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£100 |
£110 |
||
|
For each manual authentication given to a Certificate of Good Standing issued via the Registry’s online facility |
£60 |
£65 |
||
|
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 |
£15 |
£100 |
|
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 |
£100 |
£200 |
|
4 |
n/a |
Ad hoc service (fee by arrangement) |
£1000 minimum |
£1100 Minimum |
|
5 |
n/a |
Digitally Certified copies via the Registry’s online facility |
- |
£35 |
|
6 |
n/a |
Reservation of name via the Registry’s online facility |
FREE |
FREE |
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 |
Commencement date
The fees set out in this notice are effective from 1 January 2020.
Interpretation
In this notice:
|
Additional Charge Regulations |
Means the Foundations (Additional Annual Charge) (Jersey) Regulations 2010. |
|
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 |
|
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 |
£150 |
£165 |
||
|
Within 3 business days |
£200 |
£220 |
||
|
Within 2 business days |
£250 |
£275 |
||
|
Within 1 business day |
£350 |
£385 |
||
|
Within 2 hours |
£550 |
£605 |
||
|
Out of hours (by agreement, minimum fee) |
£1000 minimum |
£1100 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 |
£50 |
£55 |
||
|
2 |
53 Continuance Regulation 6(2)(b) |
Application for incorporation of a company as a foundation, in accordance with the Continuance Regulations. |
£500 |
£550 |
|
3 |
53 Continuance Regulation 16(2)(b) |
Application for incorporation of a recognized entity as a foundation, in accordance with the Continuance Regulations. |
£500 |
£550 |
|
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 |
£500 |
£550 |
Post Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
37(1) Commission Law 15(6) |
Receipt of the Annual administration fee using online facility |
£200* |
£230* |
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law |
||||
|
(a) Where the annual administration fee for a foundation 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 |
£50 |
£55 |
||
|
(b) Where the annual administration fee for a foundation 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 |
£100 |
£110 |
||
|
(c) Where the annual administration fee for a foundation 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 |
£150 |
£165 |
||
|
(d) Where the annual administration fee for a foundation 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 |
£200 |
£220 |
||
|
(e) Where the annual administration fee for a foundation is paid after the end of June in the year in which it is due but before the end of July of that year; or |
£300 |
£330 |
||
|
(f) Where the annual administration fee for a foundation 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 |
£400 |
£440 |
||
|
(g) Where the annual administration fee for a foundation is paid after the end of August in the year in which it is due but before the end of September of that year |
£500 |
£550 |
||
|
2 |
Mergers Regulation (7) |
Application to Registrar to merge foundations (merger of foundations) |
£500 |
£825 |
|
3 |
Mergers Regulation (17) |
Application to Registrar to implement merger agreement (merger of a foundation with a body corporate to continue as a foundation) |
£500 |
£825 |
|
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) |
£500 |
£825 |
|
5 |
Art 38 of the Law |
Receipt of a Notification of Amendment of charter |
FREE |
FREE |
|
6 |
Art 23(3) of the Law |
Receipt of a Notification of appointed of a qualified person to be the qualified member |
FREE |
FREE |
|
7 |
n/a |
Receipt of Notification of Change of registered office of the Qualified Member |
FREE |
FREE |
|
8 |
Winding up Regulations 3(4) |
Receipt of a Notice of dissolution in accordance with the Winding up Regulations |
FREE |
FREE |
|
9 |
Winding Up Regulations 39 |
Reinstatement Application, plus receipt of each outstanding administration fee(s). |
£500 + all outstanding annual administration fees |
£750 + all outstanding annual administration fees |
|
10 |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
*Pursuant to Article 37(1) of the Law, an additional amount in the sum stated in the Additional Charge Regulations is included within the documents that are delivered to the Registrar in accordance with Article 37(3) of the Law (which relates to the annual administration fee of a foundation). As 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 Registrar |
Current Fee |
New Fee |
|
1 |
40(3) |
For making the register available for inspection: Postal search |
£20 |
£25 |
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 40 of the Law and printed by the Registry |
£10 |
No change |
||
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 40 of the Law and viewed without printing from a terminal within the Registry |
FREE |
FREE |
||
|
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 |
£4 |
£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 |
£30 |
£35 |
|
For each signed certificate prepared manually by the Registry |
£100 |
£110 |
||
|
For each manual authentication given to a foundation certificate issued via the Registry’s online facility |
£60 |
£65 |
||
|
2 |
40(5) |
For the supply of a certified copy of the charter of a foundation as included in the register |
£15 |
£100 |
|
3 |
n/a |
Digitally Certified copies via the Registry’s online facility |
- |
£35 |
|
4 |
n/a |
Reservation of name via the Registry’s online facility |
FREE |
FREE |
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: |
Article 26 and 27 of the Incorporated Limited Partnerships (Jersey) Law 2011 |
Commencement date
The fees set out in this notice are effective from 1 January 2020.
Interpretation
In this notice:
|
Additional Charge Regulations |
Means the Incorporated Limited Partnerships (Annual Additional Charge) (Jersey) Regulations 2012 |
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
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 |
£250 |
£275 |
||
|
Within 1 business day |
£350 |
£385 |
||
|
Within 2 hours |
£550 |
£605 |
||
|
Out of hours (by agreement, minimum fee) |
£1000 minimum |
£1100 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 |
8 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
FREE |
|
3 |
26 Commission Law 15(6) |
Receipt of the annual administration fee using online facility before the end of February |
£200* |
£230* |
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) Where the annual administration fee for an incorporated 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 |
£50 |
£55 |
||
|
(b) Where the annual administration fee for an incorporated limited partnership is paid after the end of March in that year in which it is due but before the end of April of that year; or |
£100 |
£110 |
||
|
(c) Where the annual administration fee for an incorporated limited partnership is paid after the end of April in that year in which it is due but before the end of May of that year; or |
£150 |
£165 |
||
|
(d) Where the annual administration fee for an incorporated limited partnership is paid after the end of May in that year in which it is due but before the end of June of that year; or |
£200 |
£220 |
||
|
(e) Where the annual administration fee for an incorporated limited partnership is paid after the end of June in that year in which it is due but before the end of July of that year; or |
£300 |
£330 |
||
|
(f) Where the annual administration fee for an incorporated limited partnership is paid after the end of July in that year in which it is due but before the end of August of that year; or |
£400 |
£440 |
||
|
(g) Where the annual administration fee for an incorporated limited partnership is paid after the end of August in that year in which it is due but before the end of September of that year; or |
£500 |
£550 |
||
|
4 |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
|
*Pursuant to Article 26 of the Law, an additional amount in the sum stated in the Additional Charge Regulations is included within the documents that are delivered to the Registrar in accordance with Article 26 the Law (which relates to the annual administration fee of an Incorporated Limited Partnership). As 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 Registrar |
Current Fee |
New Fee |
|
1 |
29 |
Making the register available for inspection: Postal search |
£20 |
£25 |
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 29 of the Law and printed by the Registry |
£10 |
No change |
||
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 29 of the Law and viewed without printing from a terminal within the Registry |
FREE |
FREE |
||
|
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 |
£4 |
£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 29(1) (a) of the Law |
£15 |
No change |
||
|
2 |
n/a |
Monitoring Alert (an aide against identity theft), allows you to receive email notification when a 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 |
£30 |
£35 |
|
For each signed certificate of good standing prepared manually by the Registry office |
£100 |
£110 |
||
|
For each manual authentication given to a certificate of good standing issued via the Registry’s online facility |
£60 |
£65 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1000 minimum |
£1100 minimum |
|
3 |
n/a |
Digitally Certified copies via the Registry’s online facility |
- |
£35 |
|
4 |
n/a |
Reservation of name via the Registry’s online facility |
FREE |
FREE |
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 |
Commencement date
The fees set out in this notice are effective for the period commencing after quarter one 2019 (or as relevant law is enacted)
Interpretation
In this notice:
|
JFSC |
Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
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 |
Fee |
|
|
|
Receipt of documents on an application to form a limited liability company (to include the formation of a series of an limited liability company) : |
|
|
1 |
4 and 12 |
Within 5 business days |
£165 |
|
Within 3 business days |
£220 |
||
|
Within 2 business days |
£275 |
||
|
Within 1 business day |
£385 |
||
|
Within 2 hours |
£605 |
||
|
Out of hours (by agreement, minimum fee) |
£1100 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 |
||
|
2 |
xxx |
Application fee for continuance as a limited liability company formed under the Law, (applications shall be considered within five business days of receipt by Registry) |
£550 |
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Fee |
|
1 |
5 |
Registration of a statement to amend a declaration and issue an amended certificate of formation |
FREE |
|
2 |
8 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
|
3 |
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 |
|
4 |
49 |
Receipt of the annual administration fee using online facility before the end of February |
£230 |
|
5 |
49 |
Plus any additional late filing fee (if applicable) in accordance with Article 49 of the Commission Law |
|
|
a) Where the annual administration fee 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 |
||
|
b) Where the annual administration fee is delivered 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 |
||
|
c) Where the annual administration fee is delivered 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 |
||
|
d) Where the annual administration fee is delivered 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 |
||
|
e) Where the annual administration fee is delivered 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 |
||
|
f) Where the annual administration fee is delivered 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 |
||
|
g) Where the annual administration fee is delivered 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 |
||
|
6 |
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 |
|
7 |
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 |
|
More than five limited liability and/or series companies |
£1375 |
||
|
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 |
||
|
8 |
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 |
|
More than five merging bodies |
£1375 |
||
|
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 |
||
|
9 |
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 |
|
More than five merging bodies |
£1375 |
||
|
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 |
||
|
10 |
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 |
|
11 |
60(2)(f) |
Termination of Summary winding up |
£200 |
|
12 |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
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 |
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 |
|
For making the register available for inspection: Postal search |
£25 |
||
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 202 of the Law and printed by the Registry |
No change |
||
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 202 of the Law and viewed without printing from a terminal within the Registry |
FREE |
||
|
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 |
||
|
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 |
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of the Registrar |
Fee |
|
1 |
201 |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£110 |
||
|
For each manual authentication given to a Certificate of Good Standing issued via the Registry’s online facility |
£65 |
||
|
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 |
|
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 |
|
4 |
n/a |
Ad hoc service (fee by arrangement) |
£1100 minimum |
|
5 |
Digitally Certified copies via the Registry’s online facility |
£35 |
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 Partnership (Jersey) Law 2017 |
Commencement date
The fees set out in this notice are effective from 1 January 2020.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Law |
Means the Limited Liability Partnership (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 |
£250 |
£275 |
||
|
Within 1 business day |
£350 |
£385 |
||
|
Within 2 hours |
£550 |
£605 |
||
|
Out of hours (by agreement, minimum fee) |
£1000 minimum |
£1100 |
||
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 |
FREE |
£100 |
|
2 |
19 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
FREE |
|
3 |
20 of the Law and Article 15(6) of the Commission Law |
Receipt of the Annual Return in paper form before the end of February |
£210 |
£230 |
|
Receipt of Annual Return using the online filing facility before the end of February |
£200 |
£230 |
||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) where the annual fee for an limited liability 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 |
£50 |
£55 |
||
|
(b) where the annual fee for an limited liability 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 |
£100 |
£110 |
||
|
(c) where the annual fee for an limited liability 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 |
£150 |
£165 |
||
|
(d) where the annual fee for an limited liability 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 |
£200 |
£220 |
||
|
(e) where the annual fee for an limited liability 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 |
£300 |
£330 |
||
|
(f) where the annual fee for an limited liability 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 |
£400 |
£440 |
||
|
(g) where the annual fee for an limited liability 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 |
£500 |
£550 |
||
|
3 |
Regulations 4 (2) |
Receipt of a statement of dissolution delivered |
FREE |
FREE |
|
4 |
Regulations 5 (1) |
Receipt of a statement of dissolution delivered |
FREE |
FREE |
|
5 |
Regulations 6 (2) |
Receipt of a copy of a court order for dissolution delivered |
FREE |
FREE |
|
6 |
Regulations 7(2) |
Receipt of a statement of cancellation of dissolution delivered |
£200 |
£220 |
|
7 |
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 making the register available for inspection: Postal search |
£20 |
£25 |
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 29 of the Law and printed by the Registry |
£10 |
No change |
||
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 29 of the Law and viewed without printing from a terminal within the Registry |
FREE |
FREE |
||
|
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 |
£4 |
£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 |
£30 |
£35 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£100 |
£110 |
||
|
For each manual authentication given to a Certificate of Good Standing issued via the Registry’s online facility |
£60 |
£65 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1000 minimum |
£1100 minimum |
|
3 |
Digitally Certified copies via the Registry’s online facility |
- |
£35 |
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 2020.
Interpretation
In this notice:
|
Additional Charge regulations |
Means the Limited Partnerships (Annual Additional Charge) (Jersey) Regulations 2012 |
|
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 |
|
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 |
£250 |
£275 |
||
|
Within 1 business day |
£350 |
£385 |
||
|
Within 2 hours |
£550 |
£605 |
||
|
Out of hours (by agreement, minimum fee) |
£1000 minimum |
£1100 minimum |
||
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
2 |
5 |
Registration of a statement to amend a declaration and issue a certificate |
FREE |
FREE |
|
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 |
30A Commission Law 15(6) |
Receipt of the annual administration fee using online facility before the end of February |
£200* |
£230 |
|
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 |
£50 |
£55 |
||
|
(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 |
£100 |
£110 |
||
|
(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 |
£150 |
£165 |
||
|
(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 |
£200 |
£220 |
||
|
(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 |
£300 |
£330 |
||
|
(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 |
£400 |
£440 |
||
|
(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 |
£500 |
£550 |
||
|
6 |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
|
* Pursuant to Article 30A of the Law, an additional amount in the sum stated in the Additional Charge Regulations is included within the documents that are delivered to the Registrar in accordance with Article 30A the Law (which relates to the annual administration fee of an Incorporated Limited Partnership). As 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 |
32 |
For making the register available for inspection: Postal search |
£20 |
£25 |
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 32 of the Law and printed by the Registry |
£10 |
No change |
||
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 32 of the Law and viewed without printing from a terminal within the Registry |
FREE |
FREE |
||
|
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 |
£4 |
£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 |
No change |
||
|
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 |
£30 |
£35 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£100 |
£110 |
||
|
For each manual authentication given to a Certificate of Good Standing issued via the Registry’s online facility |
£60 |
£65 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1000 minimum |
£1100 minimum |
|
3 |
Digitally Certified copies via the Registry’s online facility |
- |
£35 |
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 2020.
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) |
£150 |
£165 |
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) |
£150 |
£165 |
|
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 |
£100 |
£110 |
|
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) |
£1000 minimum |
£1100 minimum |
|
3 |
Digitally Certified copies via the Registry’s online facility |
- |
£35 |
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: |
Article 33 and 34 of the Separate Limited Partnerships (Jersey) Law 2011 |
Commencement date
The fees set out in this notice are effective from 1 January 2020.
Interpretation
In this notice:
|
Additional Charge Regulations |
Means the Separate Limited Partnerships (Annual Additional Charge) (Jersey) Regulations 2012 |
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
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 |
£250 |
£275 |
||
|
Within 1 business day |
£350 |
£385 |
||
|
Within 2 hours |
£550 |
£605 |
||
|
Out of hours (by agreement, minimum fee) |
£1000 minimum |
£1100 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 |
8 |
Registration of a change of address of a registered office |
FREE |
FREE |
|
3 |
23 |
Cancellation of the registration of a declaration |
FREE |
FREE |
|
4 |
33 Commission Law 15(6) |
Receipt of the Annual administration fee using online facility before the end of February |
£200* |
£230* |
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) Where the annual administration fee for a Separate 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 |
£50 |
£55 |
||
|
(b) Where the annual administration fee for a Separate 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 |
£100 |
£110 |
||
|
(c) Where the annual administration fee for a Separate 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 |
£150 |
£165 |
||
|
(d) Where the annual administration fee for a Separate 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 |
£200 |
£220 |
||
|
(e) Where the annual administration fee for a Separate Limited Partnership is paid after the end of June in the year in which it is due but before the end of July of that year; or |
£300 |
£330 |
||
|
(f) Where the annual administration fee for a Separate 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 |
£400 |
£440 |
||
|
(g) Where the annual administration fee for a Separate 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 |
£500 |
£550 |
||
|
5 |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
|
*Pursuant to Article 33 of the Law, an additional amount in the sum stated in the Additional Charge Regulations is included within the documents that are delivered to the Registrar in accordance with Article 33 the Law (which relates the annual administration fee of a Separate Limited Partnership). As 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 |
36 |
For making the register available for inspection: Postal search |
£20 |
£25 |
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 36 of the Law and printed by the Registry |
£10 |
No change |
||
|
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 36 of the Law and viewed without printing from a terminal within the Registry |
FREE |
FREE |
||
|
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 |
£4 |
£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 |
No change |
||
|
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 |
£30 |
£35 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£100 |
£110 |
||
|
For each manual authentication given to a Certificate of Good Standing issued via the Registry’s online facility |
£60 |
£65 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1000 minimum |
£1100 minimum |
|
3 |
Digitally Certified copies via the Registry’s online facility |
- |
£35 |
[1] The JFSC confirms that no financial penalties have been levied or received to the date of issuing this Consultation Paper.
[2] http://www.gov.je/Government/Consultations/Pages/BeneficialOwnershipofJerseyCompaniesandaRegisterofDirectors.aspx
[3] Applying the “three tier test” as set out in the AML/CFT Handbook ensuring that controllers are also identified. For Limited partnerships –see Section 4.4.3 of AML/CFT Handbook paragraph 90. For Companies see Section 4.5.1 of AML/CFT Handbook and paragraph 12. For Foundations see Section 4.5.3 of the AML/CFT Handbook paragraph 139. For separate limited partnerships, incorporated limited partnerships and limited liability partnerships see Section 4.5.5 of AML/CFT Handbook paragraph 153.
[4] FATF Interpretive note to recommendation 24 (transparency and beneficial ownership of legal persons) notes that the “minimum basic information to be obtained and recorded by a company should be:
- company name, proof of incorporation, legal form and status, the address of the registered office, basic regulating powers (e.g. memorandum & articles of association), a list of directors; and
- a register of its shareholders or members, containing the names of the shareholders and members and number of shares held by each shareholder and categories of shares (including the nature of the associated voting rights).”
[5] As defined by FATF. See: http://www.fatf-gafi.org/publications/fatfrecommendations/documents/fatf-recommendations.html
[6] As detailed in 6.2 below.
[7] https://www.gov.je/SiteCollectionDocuments/Industry%20and%20finance/R%20Company%20fees%20consultation%2020100813%20SW.pdf
The response to the Green paper can be read at: http://www.statesassembly.gov.je/AssemblyReports/2010/25515-9084-17122010.pdf
[8] Subject to appropriate legislation being passed