Limited Partnerships (Annual Additional Charge) (Jersey) Regulations 2012

Summary

These Regulations set the amount of an annual additional charge payable to the Jersey Financial Services Commission by limited partnerships, under Article 30A(2) of the Limited Partnerships (Jersey) Law 1994. This charge is payable in addition to the standard annual administration fee, and the amount depends on whether the limited partnership is administered by a fund services business or trust company business.

• £175 charge: Applies to limited partnerships administered by a relevant business, meaning a fund services business or a trust company business as defined under the Financial Services (Jersey) Law 1998.
• £145 charge: Applies to all other limited partnerships not administered by a relevant business.
• Trust company business exclusion: A limited partnership is not treated as administered by a trust company business if that business only provides services prescribed as class O business under the Financial Services (Financial Service Business) (Jersey) Order 2009, meaning the lower £145 charge would apply in that case.

The current version reflects amendments effective 1 January 2024; earlier versions applied from 1 January 2013 and 25 November 2020 with different fee structures and definitions.

Key obligations

• Limited partnerships administered by a relevant business (a fund services business or trust company business, other than one providing only class O business) must pay an annual additional amount of £175 to the Commission, in addition to the annual administration fee.
• Limited partnerships not administered by a relevant business must pay an annual additional amount of £145 to the Commission, in addition to the annual administration fee.

Applies to

limited partnerships, fund services businesses, trust company businesses

Related documents

• This document is made under Limited Partnerships (Jersey) Law 1994