Guernsey financial regulator to increase fees by 3.9%

The Guernsey financial regulator has confirmed it will increase fees for most licensees by the rate of inflation next year (3.9%) following a consultation.

The Guernsey Financial Services Commission confirmed it will impose an overall fee increase of 3.9%, aligned with Guernsey's mid-year RPI inflation.

It has also confirmed:

• rebasing of Private Investment Fund fees;
• an adjustment to the banded fiduciary licence fees;
• the introduction of banded fees for Prescribed Businesses;
• new fees for certain requests requiring Commission approval;
• a substantial reduction in fees for Virtual Asset Service Provider (VASP) applications.

A consultation on the fee changes ran for four and a half weeks and closed on 8 October 2025.

The Commission’s Chairman, John Aspden, said: “We have carefully considered the feedback received. While we understand concerns about the need for an increase given the Commission’s healthy balance sheet position, we must remain forward-looking. Continued investment in technology and people is essential to maintain our position as a jurisdiction of choice.”