Recognized Auditor Fees Notice 2025

Summary

This notice sets out the fees payable by Recognized Auditors to the Jersey Financial Services Commission (JFSC) under the Companies (Jersey) Law 1991, effective from 1 January 2025. It has since been superseded by a later fees notice, but the structure below reflects what it required while in force.

• Application fee: £1,405 payable with an application for registration as a recognized auditor.
• Annual fee: £1,055 payable by each recognized auditor on 1 June every year, due by the date specified on the JFSC invoice.
• Responsible individual notification fee: £120 payable with a notification of the designation of a responsible individual, except where notified as part of an initial registration application.
• Late payment fee: An additional 5% of the unpaid principal is charged if a fee is not paid by its due date, applied on the day after the due date and again on the first day of each subsequent calendar month.
• Late filing fee: £100 for each complete month or part month that a required document under the Law or related Orders remains unfiled, unless the JFSC has agreed in writing to a later filing date.

Key obligations

• Recognized auditors must pay an application fee of £1,405 when applying for registration.
• Recognized auditors must pay an annual fee of £1,055 each 1 June, by the due date stated on the JFSC invoice.
• Recognized auditors must pay a £120 fee when notifying the JFSC of the designation of a responsible individual (except where included in an initial registration application).
• Recognized auditors who fail to pay a fee by its due date must pay an additional 5% late payment fee, recurring monthly until paid.
• Recognized auditors who fail to file or deliver a required document by its due date must pay £100 for each complete month or part month of delay, unless the JFSC has agreed in writing to a later date.

Applies to

Recognized Auditors

Deadlines

• 1 January 2025: Commencement date from which the fees set out in this notice are effective.
• 1 June (annually): Date on which the annual fee of £1,055 is payable by each recognized auditor.

Related documents

• This document replaces Recognized Auditor Fees Notice 2024
• JFSC Fees Notice 2026 replaces this document