Watch: Focus on competitiveness – fees reform

In May, we published a progress update and next steps on our fees reform project, which is focussed on supporting Jersey’s competitiveness as an international finance centre of choice.

Our fees reform work centres on transparency, fairness and simplification. It has been developed in response to industry feedback and an independent report by KPMG.

In this video Senior Policy Advisor Heidi Peterson shares how reforming our registry and regulatory fees supports a robust and competitive business environment.

Some key outcomes so far include:

• final fee notices to be published earlier (September)
• all fees aligned to the annual calendar to support financial planning
• ongoing engagement with industry to inform our approach

Next steps include:

• exploring risk weighting and ‘user pays’ approaches
• identifying further ways to boost competitiveness