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PRESS RELEASE 3 April 2009

CONSULTATION PAPER NO.3 2009 ON FUND SERVICES BUSINESS FEES

The Commission has today published a Consultation Paper setting out amendments to the fund services business fees.

There is no intention to increase the fund services business fee levels in 2009. The proposed changes will ensure that all persons registered under the Financial Services (Jersey) Law 1998 for fund services business contribute to the cost of their supervision and are therefore subject to an annual fee.

Responses to the Consultation Paper are invited and should be provided in writing to either the Commission or Jersey Finance Limited in line with the timescale stated in the Consultation Paper.

The Consultation Paper may be viewed on the Commission’s website by clicking here and paper copies may be obtained from the Commission’s reception area or the Jersey Library.

- Ends -

For further information please contact: -

Darren Boschat - Deputy Director, Securities
Tel: + 44 (0) 1534 822060
Fax: + 44 (0) 1534 822047
Email: d.boschat@jerseyfsc.org

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