Commission consults on fees for 2025

The Commission today launches a consultation paper on proposals for increasing the licence fees paid by firms. The consultation period will close on Friday 4 October.

The Commission is consulting on an overall increase in fees of 5.3%. Other specific proposals relating to fees that are outlined in the consultation paper are:

• Increasing fees for Retail General Insurers (‘RGI’);
• Applications to operate an investment exchange in the Bailiwick of Guernsey; and
• A rationalisation of the fee regulations.

As noted in our 2023 and 2024 Fee Consultation Papers, our internal financial modelling suggests that the Commission would be capable of sustaining its operations over 2024 and 2025 with fee increases benchmarked to inflation. In line with those calculations the Commission is proposing an increase in overall fees of 5.3%, which is matched to the rate of Guernsey inflation as at June 2024. Our assessment of our requirements for 2025 has also taken into account the need to retain and recruit skilled staff, whilst continuing to develop the IT and data management systems and infrastructure necessary to ensure the Commission can continue to meet its regulatory obligations.