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Industry update

Proposed changes to fund fees for 2021-2022

We are asking for feedback on our proposed fee rates for the funds sector.

We are proposing a 2% increase in fees following changes in the sector, in addition to introducing two new fees:

  • a fee for transactions where a fund services business (FSB) applies to acquire a business; and
  • a fee for changes in the name, conditions or licence of an FSB.

These changes would apply to all fund sectors which include FSBs, alternative investment funds (AIFS), collective investment funds (CIFs), Jersey private funds (JPFs), Control of Borrowing Order (CoBO) and qualifying segregated managed accounts (QSMA).

You can read our full proposal in our consultation paper.

Deadline for feedback is 21 June 2021, which you can send either directly to us or to Jersey Finance. We will publish the final fees notice in June.

If approved, the new fees will come into effect in July 2021.