MSB Fees Notice 2025

Summary

This notice sets out the fees payable by money service businesses (MSBs) registered with the Jersey Financial Services Commission (JFSC) for the 2025 calendar year (1 January to 31 December 2025). It has since been superseded by a later fees notice, but reflects the fee regime that applied during 2025.

• Application fee: £3,881 must accompany an application for registration to carry on money service business.
• Annual fee: £3,881 payable by any person registered to carry on money service business at any point during the calendar year.
• Late payment fee: If the annual fee is not paid by the due date shown on the JFSC invoice (or, for new registrants, the registration date), a late payment fee of 5% of the unpaid principal is added the day after the due date and again on the first day of each subsequent calendar month.
• Late filing fee: Failure to file or deliver any required document (including supervisory risk data) by its due date incurs £100 for each complete month or part month it remains outstanding, unless the JFSC has agreed in writing to a later date.

The fees and penalty structure apply specifically to registered money service businesses under the Financial Services (Jersey) Law 1998, as amended.

Key obligations

• Pay an application fee of £3,881 when applying for registration to carry on money service business
• Pay an annual fee of £3,881 if registered to carry on money service business at any point during the 2025 calendar year
• Pay the annual fee by the due date specified in the JFSC invoice (or on registration date for new registrants) to avoid a 5% late payment fee, which recurs monthly if unpaid
• File or deliver all required documents, including supervisory risk data, by their due dates or notify the JFSC in writing of reasons for late filing and obtain written agreement, to avoid a £100 per month late filing fee

Applies to

Money service business, Registered persons under the Financial Services (Jersey) Law 1998

Deadlines

• 1 January - 31 December 2025: Period for which the fees set out in this notice are effective
• due date specified within an invoice issued by the JFSC: Deadline for payment of the annual fee if already registered on 1 January
• on registration: Deadline for payment of the annual fee if not already registered on 1 January

Related documents

• This document replaces MSB Fees Notice 2024
• JFSC Fees Notice 2026 replaces this document