Gibraltar Consults On Financial Services Fee Increases
by Jason Gorringe, Lowtax.net, London
23 February, 2015
The Gibraltar Financial Services Commission has launched a consultation on increases to fees for certain regulated entities – generally of 10 percent – for the 2015/16 financial year.
The increase will apply to licensed fiduciary service providers, occupational pension schemes, asset protection trusts, investment service providers, funds, banking and e-money institutions, currency exchange providers, money transmitters, and insurance providers.
Interested parties have until March 17, 2015, to respond to the consultation. If approved, the new fee structure would become effective from April 1, 2015.
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