The Jersey Financial Services Commission is asking for feedback on its proposed fee rates for the funds sector.
It is 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
• A fee for changes in the name, conditions or licence of an FSB
These changes would apply to all fund sectors that 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).
The full proposal can be read in the consultation paper.
The deadline for feedback is 21 June, either directly to the Commission or via Jersey Finance. If approved, the new fees will come into effect in July.