Jersey JFSC Industry update 26 January 2022 - 8.5% increase in fees
26/01/2022
The JFCS has announced an 8.5% increase in prices for Designated Non-financial Businesses and Professions and Trust Company Businesses. The revised fees took effect from 1 January 2022.
In November 2021, the JFSC asked Industry for feedback on proposed changes to our fees for Designated Non-financial Businesses and Professions (DNFPB) and Trust Company Business (TCBs).
They are now proceeding with the 8.5% increase in fee rates for both sectors following the consultations.
This increase will ensure that the JFSC are financially fit for the future and allow them to continue to invest in
- Evolving their technology platforms
- People to ensure they are working as efficiently as possible.
The revised fees took effect from 1 January 2022.
Relevant businesses will receive notification via myJFSC that an invoice is ready for them.
View TCBs feedback paper.
View DNFPB feedback paper.
https://www.jerseyfsc.org/industry/consultations/consultation-feedback-on-dnfbp-fees-no-8-2021/
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.