Jersey Regulator Proposes Fund Fee Hike
by Jason Gorringe, Lowtax.net, London
12 April, 2017
Jersey's financial services regulator, the Jersey Financial Services Commission, is consulting on fee increases for funds and other regulated entities under its supervision.
The Commission is proposing to increase fee rates by 19 percent for the period July 1, 2017, to June 30, 2018, for those firms registered under the Financial Services (Jersey) Law 1998; the Alternative Investment Funds (Jersey) Regulations 2012; the Financial Services (Investment Business (Qualifying Segregated Managed Accounts – Exemption)) (Jersey) Order 2014; the Control of Borrowing (Jersey) Order 1958; or the Collective Investment Funds (Jersey) Law 1998.
Fees payable for the operation of Qualifying Segregated Managed Accounts will increase by a lower amount of 7.5 percent for 2017/18, with a similar increase likely to be proposed for 2018/19.
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