Consultation on proposed increases to fee rates for general insurance mediation businesses and money service businesses
We are proposing to increase fees for both general insurance mediation businesses and money service businesses by 10.1%.
This increase is in line with the latest published increase in the Jersey retail prices index (RPI) of 10.1%, as of September 2023.
The proposed amendments to fees would affect all persons registered under the Financial Services (Jersey) Law 1998, as amended, to conduct general insurance mediation business (GIMB) and/or money service business (MSB) and persons who are issued with a registration certificate for such business on or after 1 January 2024.
We have launched a consultation on the proposed increases and welcome comment and feedback from all interested parties.
Please submit your responses by no later than 15 December 2023: