Feedback on proposed fees for 2026 (Consultation Paper No. 6 2025)

Summary

This is the JFSC's feedback paper on its August 2025 consultation (Consultation Paper No. 6 2025) on proposed regulatory fees for 2026. It summarises industry responses, confirms a 2.5% general fee increase (with some exceptions), and publishes the final 2026 JFSC Fees Notice as an appendix. The confirmed fees take effect from 1 January 2026.

• General increase: A 2.5% increase applies across most fee categories from 1 January 2026, with specific carve-outs (e.g. annual confirmation fees for ordinarily administered entities will not increase).
• AIF annual fee dropped: The proposed new annual fee for Alternative Investment Funds (AIFs, not also JPFs or CIFs) will not be implemented; fees revert to the previous (2025, plus 2.5% uplift) application fee structure.
• Local lenders: Following a legislative change designating certain domestic lenders as low-risk 'local lenders', these entities will pay no annual fee in 2026 and a reduced application fee of £555 (£205 for sole traders).
• GP/LP streamlining: Schedule 2 general partners acting for a single limited partnership will use a single application form and receive a single registration certificate, with unified application and annual fees reduced by 25% versus the previously proposed 2026 separate fees; both entities remain separately registered persons subject to AML/CFT obligations.
• Other confirmed changes: New flat change-of-control fees for investment business and trust company business based on business class, pro-rating of first-year money service business and Class S GIMB annual fees, new mergers/demergers fee of £500 for Jersey-incorporated companies, and new continuance fees of £1,200 (leaving Jersey) and £700 (moving to Jersey).

The appendix sets out the full 2026 JFSC Fees Notice covering Registry fees (incorporation, continuance, annual confirmation, post-registration, name/status changes, mergers) and Regulated entity fees across all licensed and Schedule 2 sectors, effective 1 January to 31 December 2026.

Key obligations

• Registered entities must submit their annual confirmation statement and pay the applicable fee by the end of February each year, or incur escalating late fees on a monthly sliding scale.
• Entities must notify the JFSC Registry of changes, errors or inaccuracies in significant person or beneficial owner information, or notify a new nominated person, within 21 days, or a late fee of £100 per month (capped at £600) applies.
• Companies must submit special resolutions or agreements to the Registry within 21 days of the effective date, or incur late fees.
• General partners and limited partnerships carrying out Schedule 2 activity as a business in or from Jersey must register with the JFSC, now via a single application form for GP/LP pairs, and both remain subject to AML/CFT/CFPF Handbook obligations.
• Local lenders applying for registration must pay the application fee of £555 (or £205 for sole traders) but are not charged an annual fee for 2026.
• Entities seeking continuance into or out of Jersey, mergers/demergers, or changes of status/name must pay the applicable Registry fee and meet stated notification periods to avoid late fees.

Applies to

companies, foundations, limited liability companies, limited partnerships, limited liability partnerships, separate limited partnerships, incorporated limited partnerships, deposit-taking business, money service business, insurance business, general insurance mediation business, investment business, funds and fund services business (including AIFs and AIFSBs), trust company business, accountants and lawyers (Schedule 2 business), other Schedule 2 businesses, recognized auditors, local lenders, general partners and limited partnerships (GP/LP pairs)

Deadlines

• 1 January 2026: Confirmed 2026 fee notice, including the 2.5% general increase and sector-specific changes, takes effect.
• by the end of February each year: Annual confirmation statement and fee due for registered entities; late fees escalate on a monthly sliding scale thereafter.
• within 21 days: Various post-registration notifications (e.g. changes to significant person/beneficial owner information, new nominated person, special resolutions, foundation charter amendments) must be made to avoid late fees.
• Q1 2026: New unified application form for GP/LP pairs will be deployed.
• 1 January 2026: Reduced unified fees for GP/LP pairs and the local lenders reduced fee regime become applicable.
• 3 September 2025: Amendment to the Proceeds of Crime (Low Risk Financial Services Business) (Jersey) Order 2024 came into force, designating certain domestic lenders as 'local lenders'.