JFSC increases fund fees

Posted: 01/07/2020

Following a consultation in May on proposed fee rates for the funds sector, the Jersey Financial Services Commission has announced the following increases from 1 July:

• 12.5% increase to fee rates for Fund Services Businesses (FSB), Alternative Investment Funds (AIF), Collective Investment Funds (CIF), CoBO and Qualifying Segregated Managed Accounts (QSMA)
• A 2.7% increase to the Jersey Private Fund annual fee

The Commission has acknowledged concerns about an additional 1.5% increase in respect of funds-specific policy development, and has decided not to introduce this additional levy at this time.

For more information, view the full consultation feedback paper here

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