Service notice – myRegistry and our Security Interests Register will be unavailable due to scheduled maintenance from 10:00am until 6:00pm on Saturday 29 November and 6:00pm on Tuesday 2 December until 2:00am on Wednesday 3 December.
Feedback on proposals to introduce new fee and to increase existing Registry fees
- Issued:18 December 2020
-
Feedback on proposals to introduce new fee and to increase existing Registry fees
Glossary of Terms
|
AML/CFT |
Anti-Money Laundering/Countering the Financing of Terrorism |
|
Commission/JFSC |
Jersey Financial Services Commission |
|
Commission Law |
Financial Services Commission (Jersey) Law 1998, as amended |
|
Consultation Paper |
Consultation Paper No. 8 2020: Registry Fees |
|
CoBO |
Control of Borrowing (Jersey) Order 1958, as amended |
|
the new Law |
Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020; |
|
ICT |
Information Communication Technology |
|
Jersey Finance |
Jersey Finance Limited |
|
Minister |
Chief Minister |
|
Registrar |
The registrar referred to in Article 196 of the Companies (Jersey) Law 1991 |
|
Registry |
Jersey Companies Registry |
|
Registry Laws |
Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020; Companies (Jersey) Law 1991; Limited Liability Partnerships (Jersey) Law 2017; Limited Partnerships (Jersey) Law 1994; Incorporated Limited Partnerships (Jersey) Law 2011; Separate Limited Partnerships (Jersey) Law 2011; Limited Liability Companies (Jersey) Law 2018; Foundations (Jersey) Law 2009; and Registration of Business Names (Jersey) Law 1956, all as amended. |
|
SBPP |
JFSC’s Sound Business Practice Policy |
|
TCB |
Trust Company Business |
1 Executive Summary
1.1 Overview
1.1.1 In the context of the enactment of the new Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020, and the launch of our new myRegistry digital registry system, as well as changing international standards and practices requiring new and more up to date registers, a consultation was issued on proposed changes to Registry fees. In accordance with Regulation 7 of the Financial Services (Disclosure and Provision of Information) (Jersey) Regulations 2020 the Government of Jersey have set their additional amount to be paid on providing an annual confirmation statement at £145.
1.1.2 On 3 November 2020 the JFSC issued Consultation Paper No. 8 2020. The purpose of the Consultation Paper was to seek views on proposals to introduce new fees and to increase Registry fees as follows:
1.1.2.1 A new annual confirmation fee for companies, limited liability companies, foundations, and all partnerships except limited partnerships. The annual confirmation statement is a requirement under the new Law. Although this is a new fee, it will replace the annual return fee for companies, along with the annual administration fee for other entities. For 2021, the annual confirmation fee proposed is £80[i] for entities administered by a regulated service provider and £75 for ordinarily administered companies[ii]. Limited partnerships are not required to provide an annual confirmation statement and will pay an annual fee of £80.
1.1.2.2 The proposed fee for ordinarily administered companies represents a reduction by £5 when compared with the 2020 annual return fee. The JFSC is prepared to bear the cost of this reduction in fee for ordinarily administered companies as part of an overall package which includes the fee increases from 1 January 2021. The elements of the proposals are inextricably linked to each other.
1.1.2.3 From 1 January 2022 it was proposed that the annual confirmation fee (and the annual fee for limited partnerships) would increase for entities administered by a regulated service provider to £125[iii]. There would be no increase for ordinarily administered companies.
1.1.2.4 A new fee of £10 for reserving a name with an increase in the length of time for which the name will be reserved, from six months to two years.
1.1.2.5 A new fee of £110 for a name change of a foundation, a partnership, or a limited liability company.
1.1.2.6 A 10% increase across all Registry transaction fees with the exception of the five day incorporation service used for ordinarily administered companies, which will not change.
1.1.2.7 Paper-based fees will no longer apply and will be removed from the fee schedules.
1.1.2.8 Late filing fees will be increased by 10%.
1.1.2.9 There will be no change to the Security Interests Register fees until the next fee review.
1.1.3 The purpose of this paper is to provide feedback on the responses received regarding the Consultation Paper.
1.2 Feedback received
1.2.1 The consultation period closed on 30 November 2020. Five responses were received by JFL. Four of the responses were from accountancy firms holding a Class ‘O’ licence. Feedback was also received from a TCB.
1.2.2 The JFSC is grateful to all the respondents for taking the time to consider and comment on the proposals. The final Fees Notices can be found in Appendices A to I.
1.3 Next Steps
1.3.1 For the reasons given in this Feedback Paper, the JFSC will proceed with the new fees and increased fees as set out in the consultation paper, except for the proposed annual confirmation fee amount as regards to companies administered by a regulated service provider holding a Class ‘O’ licence (as defined in the Financial Services (Financial Service Business) (Jersey) (Order) 2009. Due to feedback from responses to the consultation paper, the annual confirmation fee for companies administered by a regulated service provider holding a Class ‘O’ licence will be the same rate as for ordinarily administered companies. The lower amount takes into consideration that a business with this class of licence can only provide limited services to companies whose beneficial owners are all Jersey resident and therefore do not involve the type of structures which require greater Registry resource.
1.3.2 In response to requests from Government and other bodies, the JFSC has decided that it will not charge a fee to Jersey registered charities for the annual confirmation statement. The annual confirmation fee is a combination of a fee imposed by the JFSC and a separate levy payable to the Government of Jersey. Government has taken the decision that it will not require Jersey registered charities to pay the separate levy (£145 of the total fee of £220/£225). Charities have been hard hit by the restrictions and after-effects of the Covid-19 pandemic. For these reasons the rate for Jersey registered charities for the annual confirmation statement will be set at £0.00.
1.3.3 The Fee Notices have been updated to reflect the new fees and increases and will be published on the JFSC’s website. As with previous fee changes, the JFSC will communicate these in the appropriate manner. For example: to ensure all ordinarily administered companies are informed, the JFSC will write to each company setting out the increase and the new fees. TCBs should expect an email communication.
1.3.4 The fees set out in the attached Fee Notices are effective from 1 January 2021.
1.3.5 The basis for the fees is detailed within the Fee Notices at Appendices A to I:
- Appendix A – Registration of Business Names (Jersey) Law 1956
- Appendix B – Companies (Jersey) Law 1991
- Appendix C – Foundations (Jersey) Law 2009
- Appendix D – Incorporated Limited Partnerships (Jersey) Law 2011
- Appendix E – Limited Liability Companies (Jersey) Law 2018
- Appendix F – Limited Liability Partnerships (Jersey) Law 2017
- Appendix G – Limited Partnerships (Jersey) Law 1994
- Appendix H – Security Interests (Jersey) Law 2012
- Appendix I – Separate Limited Partnerships (Jersey) Law 2011.
2 Summary of Responses
2.1 Structure of this section
2.1.1 This section summarises the substantive comments received in response to the Consultation Paper.
2.1.2 The Consultation Paper asked one question:
“Do you agree with the proposed options and the proposed fee levels? If not, please suggest alternative fee levels and explain why the alternative fee level has been suggested.”
2.2 Summary of Responses to Question at Paragraph 2.1.2
2.2.1 No respondents raised any concerns regarding the 10% fee increase proposals or the proposed new fees for reserving a name or a name change. All the feedback related to the proposed increase to the new annual confirmation fee in in 2022:
2.2.2 The respondents did not agree with the higher annual confirmation fee being applied to companies administered by Class ‘O’ licence holders. The respondents queried why these companies, which are necessarily locally owned, were included with the rest of the regulated sector and should be treated the same as ordinarily administered companies.
2.2.3 One respondent objected to these companies paying the higher fee on the basis that they are generally low risk and should not require extra work for Registry. One respondent noted that as a Class ‘O’ licence holder, it predominately administers local trading businesses or single director companies who are unable to act as company secretary. It raised the concern that some of these companies might be dissuaded from using a service provider by the increased fee and seek to appoint a spouse or friend as company secretary, who might not have a full understanding of the legal requirements and responsibilities or keep up to date. Another respondent echoed this concern and thought there was a risk of companies trying to manage their own statutory records but not doing so adequately and falling short of the required standard.
2.2.4 This respondent also suggested that some regulated service providers might absorb some or all of the fee increase for their clients in order to remain competitive and that this might disadvantage smaller, locally run providers, who are unable to do the same. It gave the opinion that Class ‘O’ business is clearly distinguished from the financial service arrangements administered by other financial service business classes and that that Class ‘O’ should remain outside the scope of the regulated sector fees.
2.2.5 Another respondent raised an objection to the lack of distinction between the regulated service providers administering companies owned by local residents and the rest of the sector. It noted that this meant that local companies which opt to use a provider are penalised, despite not having a large impact on Registry resources.
|
JFSC response 2.2.6 The JFSC notes the concerns in relation to companies administered by Class ‘O’ licence holders and that this group can be differentiated from the other classes of licence. 2.2.7 Although the JSFC had proposed a higher fee rate to encompass all entities administered by a regulated service provider, it has taken on board the responses and, in particular, the comments relating to the low risk nature of the companies which comprise the majority of Class ‘O’ holders’ clients, and how these do not add to the Registry resource requirements in the same way as entities administered by the other licence class holders. 2.2.8 Accordingly, the JFSC has reconsidered its position on the Class ‘O’ administered companies. However, this concession is based on the assumption that the number of companies administered by the Class ‘O’ licence holders remains stable. The position will be kept under review and, in the event of a substantial increase in the number of these companies, fees would need to rise. Upon such event it is likely that the JFSC would propose that administered by Class ‘O’ licence holders pay the same fee as the rest of the regulated sector. |
2.3 Next Steps
2.3.1 It is clear from the responses received that the primary points of concern for all responses is the application of the higher annual confirmation fee to companies administered by Class ‘O’ licence holders. In this regard, the JFSC:
2.3.1.1 Has considered the feedback received and proposes to allow companies administered by Class ‘O’ licence holders to pay the same lower fee as ordinarily administered companies.
2.3.1.2 Will proceed with the proposal for new fees for reserving a name and for a change of name and with the 10% increase in existing fees.
2.3.1.3 Will not charge Jersey registered charities a fee for the annual confirmation statement.
2.3.2 In light of the above, the JFSC will proceed with the fees as set out in the Fees Notices as attached as Appendices A – I.
2.3.3 The effective date of the Fee Notices is 1 January 2021.
Appendix A - Registration of Business Names (Jersey) Law 1956
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|
Notice of Fees |
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Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998, as amended |
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Payable by or in relation to: |
Business Names |
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Pursuant to: |
Article 18 of the Registration of Business Names (Jersey) Law 1956 |
Commencement date
The fees set out in this notice are effective from 1 January 2021.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Law |
Means the Registration of Business Names (Jersey) Law 1956 |
|
Registrar |
Means the Registrar referred to in Article 2(1) of the Law |
|
Registry |
Means the Jersey Companies Registry |
Fees
The following fees are payable to the Jersey Financial Services Commission (JFSC):
Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New fee |
|
1 |
18 |
(a) Filing a statement of particulars furnished under Article 4 of the law if the statement is not furnished at the same time as a statement relating to the same firm or person under Article 5 of the Law |
£55 |
£61 |
|
(b) Filing a statement furnished under Article 5 of the Law |
£55 |
£61 |
Post Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New fee |
|
1 |
18 |
(a) Filing a statement furnished under Article 8 of the Law |
£30 |
£33 |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
17(1)(b) |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 17 or 18 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
2 |
n/a |
Monitoring Alert (as an aide against identity theft), allows you to receive email notification when a Registered Business Name you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
n/a |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
2 |
n/a |
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
|
3 |
n/a |
For each signed Certificate of Good Standing prepared manually by the Registry. |
£110 |
£121 |
|
4 |
17(2) |
For each certificate provided by the Registrar pursuant to an application under Article 17(2) of the Law which is prepared manually by the Registry Office |
£100 |
£110 |
|
5 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
n/a |
£39 |
|
6 |
n/a |
For each certified document prepared manually by the Registry. |
n/a |
£110 |
Appendix B - Companies (Jersey) Law 1991
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|
Notice of Fees |
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Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998, as amended |
|
Payable by or in relation to: |
Companies Fees |
|
Pursuant to: |
Article 201 of the Companies (Jersey) Law 1991 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
FS(D&PI) Law |
Means the Financial Services (Disclosure & Provision of Information) (Jersey) Law 2020 |
|
JFSC |
Jersey Financial Services Commission |
|
Law |
Means the Companies (Jersey) Law 1991 |
|
Registrar |
Means the Registrar referred to in Article 196 of the Law |
|
Registry |
Means the Jersey Companies Registry |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
3,7,127YB and 127YH |
Receipt of documents on an application to incorporate a company (to include the formation of a cell company and the creation of a cell (whether incorporated or protected) of a cell company) : |
||
|
Within 5 business days |
£165 |
£165 |
||
|
Within 3 business days |
£220 |
£242 |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1,100 minimum |
£1,210 minimum |
||
|
“Reserved” incorporation service to Incorporate a company, in addition to the fee payable upon receipt of documents on an application to incorporate a company |
£55 |
£61 |
||
|
2 |
127K |
Application fee for continuance as a company incorporated under the Law, (applications shall be considered within five business days of receipt by Registry) |
£750 |
£825 |
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
11 and 100 |
Receipt of information following a special resolution by a company to convert to or from a cell company and the issue of an amended certificate of incorporation |
£550 |
£605 |
|
2 |
11, 100, 127YB an 127YL |
Receipt of documents following an agreement to transfer a cell between cell companies and the issue of a new certificate of incorporation or recognition |
£550 |
£605 |
|
3 |
FS(D&PI) Law 7, 17 Commission Law 15(6) |
Receipt of an electronic annual confirmation statement from a company administered by a regulated service provider[iv] except where the regulated service provider is the holder of a Class ‘O’ licence[v] |
n/a |
£80[vi] |
|
Receipt of an electronic annual confirmation statement from a company administered by a regulated service provider, except where the regulated service provider is the holder of a Class ‘O’ licence, from 1 January 2022 |
n/a |
£125[iv] |
||
|
Receipt of an electronic annual confirmation statement from an ordinarily administered company[vii] or a company administered by a Class ‘O’ licence holder |
n/a |
£75[iv] |
||
|
Receipt of an electronic annual confirmation statement from a Jersey registered charity |
n/a |
FREE |
||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law and Article 17 of the FS(D&PI) Law |
||||
|
(a) Where the annual confirmation statement is provided after the end of February in the year in which it is due but before the end of March in that year; or |
£55 |
£61 |
||
|
(b) Where the annual confirmation statement is provided after the end of March but before the end of April in that year; or |
£110 |
£121 |
||
|
(c) Where the annual confirmation statement is provided after the end of April but before the end of May in that year; or |
£165 |
£182 |
||
|
(d) Where the annual confirmation statement is provided after the end of May but before the end of June in that year; or |
£220 |
£242 |
||
|
(e) Where the annual confirmation statement is provided after the end of June but before the end of July in that year; or |
£330 |
£363 |
||
|
(f) Where the annual confirmation statement is provided after the end of July but before the end of August in that year; or |
£440 |
£484 |
||
|
(g) Where the annual confirmation statement is provided after the end of August but before the end of September in that year. |
£550 |
£605 |
||
|
4 |
100(4) |
Receipt of special resolution or agreement: (a) More than 21 calendar days but not more than 60 calendar days after the date on which the resolution or agreement was passed or made; or |
£55 |
£61 |
|
(b) More than 60 calendar days after the date on which the resolution or agreement was passed or made |
£110 |
£121 |
||
|
5 |
14 |
Receipt of a special resolution, whereby the company or cell of a cell company resolves to change its name and the Registrar issues a Certificate of Incorporation on Change of Name |
£100 |
£110 |
|
6 |
16 (1) and 16 (2) |
Change of status of a public company: receipt of an alteration of a public company (or a public cell of a cell company’s) memorandum to state it is a private company where it has less than 30 members or where it has more than 30 members by application to the JFSC whereby the JFSC is satisfied that by reason of the nature of the company’s activities, its affairs may properly be regarded as the domestic concern of its members |
FREE |
FREE |
|
7 |
17 |
Change of status of a private company: receipt of an alteration of a private company or a private cell of a cell company’s memorandum to state it is a public company |
FREE |
FREE |
|
8 |
61 (1A) , 61A and 61B |
Receipt of special resolution, statement of solvency and minute reducing the capital |
FREE |
FREE |
|
9 |
64 (1) |
Receipt of Act of the Royal Court and minute reducing the capital |
FREE |
FREE |
|
10 |
67 (5) |
Receipt of a Notice of Change of Registered Office |
FREE |
FREE |
|
11 |
108 (7) |
Delivery of accounts under Article 108 of the Law Plus any additional late filing fee if accounts are delivered |
£110 |
£121 |
|
(a) More than 7 months after the end of the financial period to which they relate; or |
£110 |
£121 |
||
|
(b) More than 8 months after the end of the financial period to which they relate; or |
£220 |
£242 |
||
|
(c) More than 9 months after the end of the financial period to which they relate; or |
£330 |
£363 |
||
|
(d) More than 10 months after the end of the financial period to which they relate; or |
£440 |
£484 |
||
|
(e) More than 11 months after the end of the financial period to which they relate; or |
£550 |
£605 |
||
|
(f) More than 12 months after the end of the financial period to which they relate; or |
£660 |
£726 |
||
|
(g) More than 18 months after the end of the financial period to which they relate; or |
£1,100 |
£1,210 |
||
|
(h) More than 24 months after the end of the financial period to which they relate |
£2,200 |
£2,420 |
||
|
12 |
127FG (1) |
Application fee for mergers involving bodies other than companies: (a) Up to and including five merging bodies; or |
£825 |
£910 |
|
(b) More than five merging bodies |
£1,375 |
£1,515 |
||
|
In addition to (a) and (b) above, where structures are considered by the JFSC to be of a more complex nature, an additional fee will be charged |
£2,750 |
£3,025 |
||
|
13 |
127F and 127FA |
Application fee for mergers/demergers involving Jersey companies |
FREE |
FREE |
|
14 |
127T |
Application fee or authorisation to seek continuance overseas (applications shall be considered within five business days of receipt by Registry) |
£750 |
£825 |
|
15 |
213 |
Reinstatement Application, plus receipt of each outstanding annual return or confirmation fee. |
£750 + all outstanding annual return or confirmation fees |
£825 + all outstanding annual return or confirmation fees |
|
16 |
145-150 |
Receipt of Application of Summary winding up and dissolve |
FREE |
FREE |
|
17 |
154 |
Termination of Summary winding up |
£220 |
£242 |
|
18 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
135(2)(b) |
Fee payable for copy of report made by inspectors under Article 128 of the Law, subject to the requirements of the Law |
£110 electronic copies only |
£121 electronic copies only |
|
2 |
202 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 202 of the Law via the Registry online search facility |
£2 |
£2 |
|
3 |
n/a |
Monitoring Alert (as an aide against identity theft), allows you to receive email notification when a company you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Schedule of the maximum sums that may be charged by a Company
|
Item |
Article(s) of the Law |
Detail |
Maximum fee chargeable |
New Fee |
|
1 |
12 |
Supplying copy of memorandum and articles of association |
50p per page (A4 size) ** |
No change |
|
2 |
45(1) |
Allowing inspection of register of members |
£5 |
No change |
|
3 |
45(2) |
Supplying copy of register of members |
50p per page (A4 size) ** |
No change |
|
4 |
83(2) |
Charge by public company for allowing inspection of register of directors and secretary |
£5 |
No change |
|
5 |
99(2) |
Supplying copy of minutes of meeting |
50p per page (A4 size) ** |
No change |
|
6 |
100(2) |
Supplying copy of resolution or agreement |
50p per page (A4 size) ** |
No change |
**All documents may be produced in electronic format (eg.pdf) for £10.00 per document
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
201 |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
||
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£110 |
£121 |
||
|
2 |
202 |
For each certificate provided by the Registrar pursuant to an application under Article 202 of the Law which is prepared manually by the Registry Office |
£100 |
£110 |
|
3 |
n/a |
A download of active companies registered under the Companies (Jersey) Law 1991, as amended. Includes the company's current name, registration number and date of incorporation |
£200 |
£220 |
|
4 |
n/a |
Ad hoc service (fee by arrangement) |
£1,100 minimum |
£1,210 minimum |
|
5 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
6 |
n/a |
For each certified document prepared manually by the Registry. |
n/a |
£110 |
|
7 |
n/a |
Reservation of name via the Registry’s online facility |
FREE |
£10 |
Appendix C - Foundations (Jersey) Law 2009
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998, as amended |
|
Payable by or in relation to: |
Foundations |
|
Pursuant to: |
Articles 2, 37, 40 & 53 of the Foundations (Jersey) Law 2009 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
Continuance Regulations |
Means the Foundations (Continuance) (Jersey) Regulations 2009 |
|
FS(D&PI) Law |
Means the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
|
Law |
Means the Foundations (Jersey) Law 2009 |
|
Mergers Regulations |
Means the Foundations (Mergers) (Jersey) Regulations 2009 |
|
Registrar |
Means the Registrar referred to in Article 1(1) of the Law |
|
Registry |
Means the Jersey Companies Registry |
|
Winding Up Regulations |
Foundations (Winding Up) (Jersey) Regulations (2009) |
Fees
The fees on the following pages are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
Fee |
|
1 |
2(3)(b) |
Receipt of documents on an application to form a foundation, issue a registration number and enter in the register in the name of the foundation: |
||
|
Within 5 business days |
£165 |
£165 |
||
|
Within 3 business days |
£220 |
£242 |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1,100 minimum |
£1,210 minimum |
||
|
“Reserved” incorporation service to form a foundation, in addition to the fee payable upon receipt of documents on an application to form a foundation |
£55 |
£61 |
||
|
2 |
53 Continuance Regulation 6(2)(b) |
Application for incorporation of a company as a foundation, in accordance with the Continuance Regulations. |
£550 |
£605 |
|
3 |
53 Continuance Regulation 16(2)(b) |
Application for incorporation of a recognised entity as a foundation, in accordance with the Continuance Regulations. |
£550 |
£605 |
|
4 |
53 Continuance Regulation 26(2)(a) |
Application by a foundation to the JFSC for permission for the foundation to be established or incorporated as a recognised entity |
£550 |
£605 |
Post Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
7(1), 17 FS(D&PI) Law Commission Law 15(6) |
Receipt of the annual confirmation statement |
n/a |
£80[viii] |
|
Receipt of the annual confirmation statement after 1 January 2022 |
n/a |
£125[vi] |
||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law |
||||
|
(a) Where the annual confirmation statement for a foundation is provided after the end of February in the year in which it is due but before the end of March of that year; or |
£55 |
£61 |
||
|
(b) Where the annual confirmation statement for a foundation is provided after the end of March in the year in which it is due but before the end of April of that year; or |
£110 |
£121 |
||
|
(c) Where the annual confirmation statement for a foundation is provided after the end of April in the year in which it is due but before the end of May of that year; or |
£165 |
£182 |
||
|
(d) Where the annual confirmation statement for a foundation is provided after the end of May in the year in which it is due but before the end of June of that year; or |
£220 |
£242 |
||
|
(e) Where the annual confirmation statement for a foundation is provided after the end of June in the year in which it is due but before the end of July of that year; or |
£330 |
£363 |
||
|
(f) Where the annual confirmation statement for a foundation is provided after the end of July in the year in which it is due but before the end of August of that year; or |
£440 |
£484 |
||
|
(g) Where the annual confirmation statement for a foundation is provided after the end of August in the year in which it is due but before the end of September of that year |
£550 |
£605 |
||
|
2 |
Mergers Regulation (7) |
Application to Registrar to merge foundations (merger of foundations) |
£825 |
£910 |
|
3 |
Mergers Regulation (17) |
Application to Registrar to implement merger agreement (merger of a foundation with a body corporate to continue as a foundation) |
£825 |
£910 |
|
4 |
Mergers Regulation (29) |
Application to Registrar to implement merger agreement (merger of a foundation with a body corporate to continue as a body corporate) |
£825 |
£910 |
|
5 |
Art 38 of the Law |
Receipt of a Notification of Amendment of charter |
FREE |
FREE |
|
6 |
Art 38 of the Law |
Receipt of a Notification of Amendment of charter to change the name of the foundation |
FREE |
£110 |
|
8 |
Art 23(3) of the Law |
Receipt of a Notification of appointed of a qualified person to be the qualified member |
FREE |
FREE |
|
9 |
n/a |
Receipt of Notification of Change of registered office of the Qualified Member |
FREE |
FREE |
|
10 |
Winding up Regulations 3(4) |
Receipt of a Notice of dissolution in accordance with the Winding up Regulations |
FREE |
FREE |
|
11 |
Winding Up Regulations 39 |
Reinstatement Application, plus receipt of each outstanding annual return or confirmation fee(s). |
£750 + all outstanding annual return or confirmation fees |
£825 + all outstanding annual return or confirmation fees |
|
12 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
40 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 40 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
2 |
n/a |
Monitoring Alert (an aide against identity theft), allows you to receive email notification when a Foundation you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value Added Services
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
40(4) |
For each foundation certificate issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed certificate prepared manually by the Registry |
£110 |
£110 |
||
|
For each electronically certified foundation certificate issued via the Registry’s online facility |
£65 |
£72 |
||
|
2 |
40(5) |
For the supply of a certified copy of the charter of a foundation as included in the register, signed and manually prepared by Registry |
£100 |
£110 |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
4 |
n/a |
Reservation of name via the Registry’s online facility |
FREE |
£10 |
Appendix D- Incorporated Limited Partnerships (Jersey) Law 2011
|
Notice of Fees |
|
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998 |
|
Payable by or in relation to: |
Incorporated Limited Partnerships (ILP) |
|
Pursuant to: |
Articles 26 & 27 of the Incorporated Limited Partnerships (Jersey) Law 2011 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
FS(D&IP) Law |
Means the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
|
Law |
Means the Incorporated Limited Partnerships (Jersey) Law 2011 |
|
Registrar |
Means the Registrar referred to in Article 25(1) of the Law |
|
Registry |
Means the Jersey Companies Registry |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
4 |
Registration of a declaration and issue a certificate: |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1,100 minimum |
£1,210 minimum |
||
Post Registration
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
5 |
Registration of a statement to amend a declaration and to issue an amended certificate |
FREE |
FREE |
|
2 |
5 |
Registration of a statement to amend a declaration to change the name of the incorporated limited partnership and to issue an amended certificate |
FREE |
£110 |
|
3 |
8 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
FREE |
|
4 |
26 FS(D&PI) Law 7(1), 17 Commission Law 15(6) |
Receipt of the annual confirmation statement |
£80[viii] |
£80[viii] |
|
Receipt of the annual confirmation statement from 1 January 2022 |
£125[vii] |
£125[vii] |
||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of February in the year in which it is due but before the end of March of that year; or |
£55 |
£61 |
||
|
(b) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of March in that year in which it is due but before the end of April of that year; or |
£110 |
£121 |
||
|
(c) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of April in that year in which it is due but before the end of May of that year; or |
£165 |
£182 |
||
|
(d) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of May in that year in which it is due but before the end of June of that year; or |
£220 |
£242 |
||
|
(e) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of June in that year in which it is due but before the end of July of that year; or |
£330 |
£363 |
||
|
(f) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of July in that year in which it is due but before the end of August of that year; or |
£440 |
£484 |
||
|
(g) Where the annual confirmation statement for an incorporated limited partnership is provided after the end of August in that year in which it is due but before the end of September of that year; or |
£550 |
£605 |
||
|
4 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
29 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 29 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
Providing an electronically certified copy of a certificate of the registration of a declaration or an electronically certified copy of any other document referred to in Article 29(1) (a) of the Law |
£15 |
£39 |
||
|
2 |
n/a |
Monitoring Alert (an aide against identity theft), allows you to receive email notification when an incorporated limited partnership you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of Registrar |
Current Fee |
New Fee |
|
1 |
21(1) |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£110 |
£121 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1,100 minimum |
£1,210 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
4 |
n/a |
Reservation of name via the Registry’s online facility |
FREE |
£10 |
Appendix E - Limited Liability Company (Jersey) Law 2018
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998, as amended |
|
Payable by or in relation to: |
Limited Liability Companies (LLCs) |
|
Pursuant to: |
Article 50 of the Limited Liability Companies (Jersey) Law 2018 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
Commencement date
The fees set out in this notice are effective from 1 January 2021 (or as relevant law is enacted) with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
FS(D&PI) Law |
Means the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
|
Law |
Means the Limited Liability Companies (Jersey) Law 2018 |
|
Limited liability company |
Means a limited liability company for the purposes of the Law |
|
Registrar |
Means the Registrar referred to in Article 196 of the Law |
|
Registry |
Means the Jersey Companies Registry |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
4 and 12 |
Receipt of documents on an application to form a limited liability company and each series of a limited liability company: |
||
|
Within 5 business days |
£165 |
£165 |
||
|
Within 3 business days |
£220 |
£242 |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1,100 |
£1,210 minimum |
||
|
“Reserved” service to form a company, in addition to the fee payable upon receipt of documents on an application to form a limited liability company |
£55 |
£61 |
||
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
5 |
Registration of a statement to amend a declaration and issue an amended certificate of formation |
FREE |
FREE |
|
2 |
5 |
Registration of a statement to amend a declaration to change the name of a limited liability company and to issue an amended certificate. |
FREE |
£110 |
|
3 |
8 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
FREE |
|
4 |
6 & 60 (2) (f) |
Cancellation of the formation of a declaration of a limited liability company (to include a series of a limited liability company) |
FREE |
FREE |
|
5 |
FS(D&PI) Law 7(1) |
Receipt of the annual confirmation statement |
n/a |
£80[viii] |
|
6 |
FS(D&PI) Law 7(1) |
Receipt of the annual confirmation statement from 1 January 2022 |
n/a |
£125[viii] |
|
7 |
FS(D&PI) Law 17 |
Plus any additional late filing fee (if applicable) in accordance with Article 49 of the Commission Law |
||
|
a) Where the annual confirmation statement is delivered after the end of February in the year in which it is due but before the end of March in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£55 |
£61 |
||
|
b) Where the annual confirmation statement is provided after the end of March in the year in which it is due but before the end of April in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£110 |
£121 |
||
|
c) Where the annual confirmation statement is provided after the end of April in the year in which it is due but before the end of May in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£165 |
£182 |
||
|
d) Where the annual confirmation statement is provided after the end of May in the year in which it is due but before the end of June in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£220 |
£242 |
||
|
e) Where the annual confirmation statement is provided after the end of June in the year in which it is due but before the end of July in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£330 |
£363 |
||
|
f) Where the annual confirmation statement is provided after the end of July in the year in which it is due but before the end of August in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£440 |
£484 |
||
|
g) Where the annual confirmation statement is provided after the end of August in the year in which it is due but before the end of September in that year, in respect of the limited liability company and in respect of each series of a limited liability company (if any); or |
£550 |
£605 |
||
|
8 |
7(3) |
Receipt of an amendment statement, whereby the limited liability company and/or any series of a limited liability company resolves to change its name and the Registrar issues an Amendment of Formation Certificate |
FREE |
£110 |
|
9 |
60 (2)(b) |
Application fee for mergers/demergers involving Jersey limited liability companies and/or series Up to and including five limited liability and/or series companies |
£825 |
£910 |
|
More than five limited liability and/or series companies |
£1,375 |
£1,515 |
||
|
In addition with Article 60 (2)(b) above, where structures are considered by the JFSC to be of a more complex nature, an additional fee will be charged |
£2,750 |
£3,025 |
||
|
10 |
60(2)(c) |
Application fee for mergers involving bodies that are incorporated in Jersey but are not limited liability companies: Up to and including five merging bodies; or |
£825 |
£910 |
|
More than five merging bodies |
£1,375 |
£1,515 |
||
|
11 |
60(2)(c) |
In addition with 60 (2)(c) above, where structures are considered by the JFSC to be of a more complex nature, an additional fee will be charged |
£2,750 |
£3,025 |
|
12 |
60(2)(d) |
Application fee for mergers of limited liability companies with bodies incorporated outside Jersey Up to and including five merging bodies; or |
£825 |
£910 |
|
More than five merging bodies |
£1,375 |
£1,515 |
||
|
In addition with 60(2)(d) above, where structures are considered by the JFSC to be of a more complex nature, an additional fee will be charged |
£2,750 |
£3,025 |
||
|
13 |
60(2)(e) |
Application fee or authorization to seek continuance in Jersey and overseas (applications shall be considered within five business days of receipt by Registry) |
£750 |
£825 |
|
14 |
60(2)(f) |
Termination of Summary winding up |
£200 |
£220 |
|
15 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
135(2)(b) |
Fee payable for copy of report made by inspectors under Article 128 of the Law, subject to the requirements of the Law |
£110 electronic copies only |
£121 electronic copies only |
|
2 |
202 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 202 of the Law via the Registry online search facility |
£2 |
£2 |
|
3 |
n/a |
Monitoring Alert (as an aide against identity theft), allows you to receive email notification when a limited liability company you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
201 |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed Certificate of Good Standing prepared manually by the Registry office |
£110 |
£121 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
||
|
2 |
202 |
For each certificate provided by the Registrar pursuant to an application under Article 202 of the Law which is prepared manually by the Registry Office |
£100 |
£110 |
|
3 |
n/a |
A download of active companies registered under the Companies (Jersey) Law 1991, as amended. Includes the company's current name, registration number and date of incorporation |
£200 |
£220 |
|
4 |
n/a |
Ad hoc service (fee by arrangement) |
£1,100 minimum |
£1,210 minimum |
|
5 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
6 |
n/a |
For each certified document prepared manually by the Registry |
n/a |
£110 |
|
7 |
n/a |
Reservation of a name via the Registry’s online facility |
n/a |
£10 |
Appendix F - Limited Liability Partnership (Jersey) Law 2017
|
Notice of Fees |
|
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998 |
|
Payable by or in relation to: |
Limited Liability Partnerships (LLP) |
|
Pursuant to: |
Article 28 of the Limited Liability Partnerships (Jersey) Law 2017 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
FS(D&PI) Law |
Means the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
|
Law |
Means the Limited Liability Partnerships (Jersey) Law 2017 |
|
Registrar |
Means the Registrar referred to in Article 27 of the Law |
|
Registry |
Means the Jersey Companies Registry at the JFSC |
|
Regulations |
Means the Limited Liability Partnerships (Dissolution and Winding Up) (Jersey) Regulations 2018 |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law/Article(s) of Regulations |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
18 |
Receipt of a declaration delivered |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1,100 minimum |
£1,210 minimum |
||
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
19 |
Receipt of a statement specifying a change in the declaration delivered, inclusive of name changes |
£100 |
£110 |
|
2 |
19 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
FREE |
|
3 |
20 FS(D&PI) Law 7, 17 Commission Law 15(6) |
Receipt of the annual confirmation statement |
n/a |
£80[viii] |
|
Receipt of the annual confirmation statement from 1 January 2022 |
n/a |
£125[viii] |
||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) where the annual confirmation statement for a limited liability partnership is provided after the end of February in the year in which it is due but before the end of March of that year; or |
£55 |
£61 |
||
|
(b) where the annual confirmation statement for a limited liability partnership is provided after the end of March in the year in which it is due but before the end of April of that year; or |
£110 |
£121 |
||
|
(c) where the annual confirmation statement for a limited liability partnership is provided after the end of April in the year in which it is due but before the end of May of that year; or |
£165 |
£182 |
||
|
(d) where the annual confirmation statement for a limited liability partnership is provided after the end of May in the year in which it is due but before the end of June of that year; or |
£220 |
£242 |
||
|
(e) where the annual statement for a limited liability partnership is provided after the end June in the year in which it is due but before the end of July of that year; or |
£330 |
£363 |
||
|
(f) where the annual confirmation statement for a limited liability partnership is provided after the end of July in the year in which it is due but before the end of August of that year; or |
£440 |
£484 |
||
|
(g) where the annual confirmation statement for a limited liability partnership is provided after the end of August in the year in which it is due but before the end of September of that year |
£550 |
£605 |
||
|
4 |
Regulations 4 (2) |
Receipt of a statement of dissolution delivered |
FREE |
FREE |
|
5 |
Regulations 5 (1) |
Receipt of a statement of dissolution delivered |
FREE |
FREE |
|
6 |
Regulations 6 (2) |
Receipt of a copy of a court order for dissolution delivered |
FREE |
FREE |
|
7 |
Regulations 7(2) |
Receipt of a statement of cancellation of dissolution delivered |
£220 |
£242 |
|
8 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
29 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 29 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
2 |
n/a |
Monitoring Alert (an aide against identify theft), allows you to receive email notification when a Limited Liability Partnership you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value-Added Services
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
28 |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£110 |
£121 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£50 |
£72 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1,100 minimum |
£1,210 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
4 |
n/a |
For each certified document prepared manually by the Registry |
n/a |
£110 |
|
5 |
n/a |
Reservation of a name via the Registry’s online facility |
n/a |
£10 |
Appendix G - Limited Partnerships (Jersey) Law 1994
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998 |
|
Payable by or in relation to: |
Limited Partnerships (LP) |
|
Pursuant to: |
Article 30A and 31 of the Limited Partnerships (Jersey) Law 1994 |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
Law |
Means the Limited Partnerships (Jersey) Law 1994 |
|
LP Continuance Regulations |
Means the Limited Partnerships (Continuance) (Jersey) Regulations 2020 |
|
Registrar |
Means the Registrar referred to in Article 30(1) of the Law |
|
Registry |
Mean the Jersey Financial Services Companies Registry |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
4 |
Registration of a declaration and issue a certificate : |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1,100 minimum |
£1,210 minimum |
||
Post Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
5 |
Registration of a statement to amend a declaration and issue a certificate |
FREE |
FREE |
|
2 |
5 |
Registration of a statement to amend a declaration to change the name of the limited partnership and to issue an amended certificate |
FREE |
£110 |
|
3 |
8 |
Receipt of registration of a Notice of Change of Address of the Registered Office |
FREE |
FREE |
|
4 |
21A |
Cancellation of the registration of a declaration of a limited partnership |
FREE |
FREE |
|
5 |
Reg.3 LP Continuance Regulations |
Continuance within Jersey as a limited partnership |
£605 |
£670 |
|
6 |
30A Commission Law 15(6) |
Receipt of the annual fee |
£75 |
£80[viii] |
|
Receipt of the annual fee from 1 January 2022 |
n/a |
£125[viii] |
||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) Where the annual fee for a limited partnership is paid after the end of February in the year in which it is due but before the end of March of that year; or |
£55 |
£61 |
||
|
(b) Where the annual fee for a limited partnership is paid after the end of March in the year in which it is due but before the end of April of that year; or |
£110 |
£121 |
||
|
(c) Where the annual fee for a limited partnership is paid after the end of April in the year in which it is due but before the end of May of that year; or |
£165 |
£182 |
||
|
(d) Where the annual fee for a limited partnership is paid after the end of May in the year in which it is due but before the end of June of that year; or |
£220 |
£242 |
||
|
(e) Where the annual fee for a limited partnership is paid after the end June in the year in which it is due but before the end of July of that year; or |
£330 |
£363 |
||
|
(f) Where the annual fee for a limited partnership is paid after the end of July in the year in which it is due but before the end of August of that year; or |
£440 |
£484 |
||
|
(g) Where the annual fee for a limited partnership is paid after the end of August in the year in which it is due but before the end of September of that year |
£550 |
£605 |
||
|
7 |
n/a |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
32 |
For each copy of a document or other record provided by the registrar pursuant to an application under Article 32 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
Providing a certified copy of a certificate of the registration of a declaration or a certified copy of any other document referred to in Article 32(1)(a) of the Law |
£15 |
£39 |
||
|
2 |
n/a |
Monitoring Alert (an aide against identity theft), allows you to receive email notification when a limited partnership you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Value-Added Service
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
31(1) |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£110 |
£121 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1,100 minimum |
£1,210 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
4 |
n/a |
For each certified document prepared manually by the Registry. |
n/a |
£110 |
|
5 |
n/a |
Reservation of a name via the Registry’s online facility |
n/a |
£10 |
Appendix H - Security Interests (Jersey) Law 2012
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998 |
|
Payable by or in relation to: |
Security Interests Register |
|
Pursuant to: |
Article 90 of the Security Interests (Jersey) Law 2012 |
Commencement date
The fees set out in this notice are effective from 1 January 2021.
Interpretation
In this notice:
|
Change Demand Notice |
Means the written demand described in Articles 75 and 76 of the SI(J)L |
|
Financing Change Statement |
Means the data required or authorised under the SI(J)L to be entered in the Security Interests Register in respect of any transfer, assignment, subordination, discharge, amendment or other action or matter in respect of a security interest or of an assignment of receivable, that has already been registered |
|
Financing Statement |
Means the data required or authorised under the SI(J)L to be entered in the Security Interest Register to effect the Registration of a security interest or of an assignment of receivable |
|
Registrar |
Means the Registrar referred to in Article 60 of the SI(J)L |
|
Registration |
Means the registration of a financing statement in respect of a security interest or assignment of receivables on the Security Interests Register |
|
Regulations |
Means the Alternative Investment Funds (Jersey) Regulations 2012, as amended |
|
Security Interests Register |
Means the register maintained under Part 8 of the SI(J)L |
|
SI(J)L |
Means the Security Interests (Jersey) Law 2012 |
Fees
The following fees are payable to the Registrar for using the Security Interests Register:
Registration
|
Item |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
Registration for 1-20 years for each year of the period |
£8 |
No change |
|
2 |
Registration for more than 20 years (no concept of infinity filing under the SI(J)L) |
£165 |
No change |
Post Registration
|
Item |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
Renew a registration for 1-20 years for each year of the period |
£8 |
No change |
|
2 |
Renew a registration for more than 20 years (no concept of infinity filing under the SI(J)L) |
£165 |
No change |
|
3 |
Discharge a Registration |
FREE |
FREE |
|
4 |
Amend a Registration – other than change of expiry date |
£8 |
No change |
|
5 |
Amend Registration expiry date – follow registration fee scales |
See registration fees |
See registration fees |
|
6 |
Affect a global change of multiple Registrations – other than change of expiry date |
£110 |
No change |
|
7 |
File a Change Demand Notice with the Registrar (by grantor/assignor) |
£25 |
No change |
|
8 |
Security interests taken over collateral that is first time buyer share transfer property |
FREE |
FREE |
Search, Retrieval and Monitoring
|
Item |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
Search the Security Interests Register |
£4 |
No change |
Registry Value-Added Service
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
n/a |
Certification of a Financing Statement filed on the Security Interests Register |
£50 |
No change |
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1,100 minimum |
No change |
|
3 |
n/a |
Electronically certified copies via the Registry’s online facility |
£35 |
No change |
Appendix I - Separate Limited Partnerships (Jersey) Law 2011
|
|
Notice of Fees |
|
Published in accordance with: |
Article 15 of the Financial Services Commission (Jersey) Law 1998 |
|
Payable by or in relation to: |
Separate Limited Partnerships |
|
Pursuant to: |
Articles 33 and 34 of the Separate Limited Partnerships (Jersey) Law 2011 Articles 7 & 17 of the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
Commencement date
The fees set out in this notice are effective from 1 January 2021 with the exception of the fee marked with an asterisk which is effective from 1 January 2022.
Interpretation
In this notice:
|
JFSC |
Means the Jersey Financial Services Commission |
|
Commission Law |
Means the Financial Services Commission (Jersey) Law 1998 |
|
FS(D&PI) Law |
Means the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 |
|
Law |
Means the Separate Limited Partnerships (Jersey) Law 2011 |
|
Registrar |
Means the Registrar referred to in Article 32(1) of the Law |
|
Registry |
Means the Jersey Companies Registry |
Fees
The following fees are payable to the JFSC:
Registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
4 |
Registration of a declaration and issue a certificate |
||
|
Within 2 business days |
£275 |
£305 |
||
|
Within 1 business day |
£385 |
£425 |
||
|
Within 2 hours |
£605 |
£670 |
||
|
Out of hours (by agreement, minimum fee) |
£1,100 minimum |
£1,210 minimum |
||
Post-registration
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
5 |
Registration of a statement to amend a declaration and issue an amended certificate |
FREE |
FREE |
|
2 |
5 |
Registration of a statement to amend a declaration to change the name of the separate limited partnership and to issue an amended certificate |
FREE |
£110 |
|
3 |
8 |
Registration of a change of address of a registered office |
FREE |
FREE |
|
4 |
23 |
Cancellation of the registration of a declaration |
FREE |
FREE |
|
5 |
33 FS(D&PI) Law 7, 17 Commission Law 15(6) |
Receipt of the annual confirmation statement |
n/a |
£80[viii] |
|
Receipt of the annual confirmation statement from 1 January 2022 |
n/a |
£125[viii] |
||
|
Plus any additional late filing fee (if applicable) in accordance with Article 15(6) of the Commission Law: |
||||
|
(a) Where the annual confirmation statement for a separate limited partnership is provided after the end of February in the year in which it is due but before the end of March of that year; or |
£55 |
£61 |
||
|
(b) Where the annual confirmation statement for a separate limited partnership is provided after the end of March in the year in which it is due but before the end of April of that year; or |
£110 |
£121 |
||
|
(c) Where the annual confirmation statement for a separate limited partnership is provided after the end of April in the year in which it is due but before the end of May of that year; or |
£165 |
£182 |
||
|
(d) Where the annual confirmation statement for a separate limited partnership is provided after the end of May in the year in which it is due but before the end of June of that year; or |
£220 |
£242 |
||
|
(e) Where the annual confirmation statement for a separate limited partnership is provided after the end of June in the year in which it is due but before the end of July of that year; or |
£330 |
£363 |
||
|
(f) Where the annual confirmation statement for a separate limited partnership is provided after the end of July in the year in which it is due but before the end of August of that year; or |
£440 |
£484 |
||
|
(g) Where the annual confirmation statement for a separate limited partnership is provided after the end of August in the year in which it is due but before the end of September of that year |
£550 |
£605 |
||
|
6 |
Basic information and Beneficial Ownership and Control data (where not specifically itemised as a stand-alone fee) |
FREE |
FREE |
|
Search, Retrieval and Monitoring
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
36 |
For each copy of a document or other record provided by the Registrar pursuant to an application under Article 36 of the Law via the Registry’s online search facility |
£2 |
£2 |
|
Providing a certified copy of a certificate of the registration of a declaration or a certified copy of any other document referred to in Article 36(1) (a) of the Law. |
£15 |
£39 |
||
|
2 |
n/a |
Monitoring Alert (an aide against identity theft), allows you to receive email notification when a separate limited partnership you are monitoring lodges a public document with the Registry |
FREE |
FREE |
Registry Added Service
|
Item |
Article(s) of the Law |
Function of the Registrar |
Current Fee |
New Fee |
|
1 |
34(1) |
For each Certificate of Good Standing issued via the Registry’s online facility |
£35 |
£39 |
|
For each signed Certificate of Good Standing prepared manually by the Registry Office |
£110 |
£121 |
||
|
For each electronically certified Certificate of Good Standing issued via the Registry’s online facility |
£65 |
£72 |
||
|
2 |
n/a |
Ad hoc service (fee by arrangement) |
£1,100 minimum |
£1,210 minimum |
|
3 |
n/a |
For each electronically certified document issued via the Registry’s online facility |
£35 |
£39 |
|
4 |
n/a |
For each certified document prepared manually by the Registry. |
N/a |
£110 |
|
5 |
n/a |
Reservation of a name via the Registry’s online facility |
n/a |
£10 |
[i] There is a Government Levy of £145 which the JFSC is required by law to collect with each annual confirmation fee. We collect this at the same time as the annual confirmation Fee. Therefore, in 2021, a total amount of £225 should be submitted to us by regulated service providers and £220 by ordinarily administered company or a company administered by a Class ‘O’ licence holder.
[ii] “ordinarily administered companies” means companies not administered by a regulated service provider.
[iii] In 2022, the total amount submitted by regulated service providers will increase to £270. The sum of Government levy of £145 and the JFSC element of £125.
[iv] A “company administered by a regulated service provider” means a company which has engaged a person carrying on business providing any of the services specified in Article 2(4) of the Financial Services (Jersey) Law 1998.
[v] As defined in the Financial Services (Financial Service Business) (Jersey) Order 2009
[vi] There is a Government Levy of £145 which the JFSC is required by law to collect with each annual confirmation fee. We collect this at the same time as the annual confirmation Fee. Therefore, in 2021, a total amount of £225 should be submitted to us by regulated service providers and £220 by ordinarily administered company or a company administered by a Class ‘O’ licence holder. In 2022, the total amount submitted by regulated service providers will increase to £270.
[vii] An “ordinarily administered company” means a company not administered by a regulated service provider.
[viii] There is a Government Levy of £145 which the JFSC is required by law to collect with each annual confirmation fee. We collect this at the same time as the annual confirmation Fee. Therefore, in 2021, a total amount of £225 should be submitted to us by regulated service providers. In 2022, the total amount submitted by regulated service providers will increase to £270.
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