AIF and AIFSB Fees Notice 2024

Summary

This notice, issued by the Jersey Financial Services Commission, sets the application fees payable in relation to Alternative Investment Funds (AIFs) and AIF services business (AIFSB) for the period 1 July 2024 to 31 December 2024. It replaces the prior fee notice for that fee cycle and has since been superseded by a later fees notice.

• AIF application fee: A fee of £2,152 applies to applications for a certificate under the Alternative Investment Funds (Jersey) Regulations 2012 for any AIF registered in Jersey as a company, limited partnership or limited liability partnership, or any AIF that is a Jersey unit trust.
• AIF services business application fee: A fee of £2,152 applies to applications for registration under Article 2(11) of the Financial Services (Jersey) Law 1998 to carry on Class ZL (Manager of an AIF) AIF services business.
• Exemptions: No application fee is payable under this notice where the AIF is a Certified Fund or a Recognised Fund, or where the applicant for AIF services business registration is already registered for one or more classes of fund services business under Article 2(10) of the FS(J)L, or is a Recognised Fund functionary, covering the same classes or functions.

The notice is purely a fee-setting instrument tied to specific statutory fee-publication powers and does not itself impose ongoing compliance obligations beyond payment of the stated application fees.

Key obligations

• Pay an application fee of £2,152 when applying for a certificate to register an AIF (company, limited partnership, LLP, or Jersey unit trust), unless the AIF is a Certified Fund or Recognised Fund.
• Pay an application fee of £2,152 when applying for registration to carry on Class ZL (Manager of an AIF) AIF services business, unless exempt as an existing fund services business registrant or Recognised Fund functionary covering the same classes or functions.

Applies to

Alternative Investment Funds (AIFs), AIF services business (Class ZL Manager of an AIF), Recognised Fund functionaries, Certified Funds, Recognised Funds

Deadlines

• 1 July 2024 - 31 December 2024: Period during which the fees set out in this notice are effective.

Related documents

• AIF and AIFSB Fees Notice 2025 replaces this document