The Jersey Financial Services Commission (JFSC) has launched a consultation on increasing trust company business fees by 10.1 percent, effective from the 1 January 2024.
This would follow increases of 10.1 percent in the Jersey retail prices index (RPI) published in September 2023 and would impact anyone applying for or having already been granted a registration to run a trust company business under the Financial Services (Jersey) Law 1998.
The JFSC stated that, as outlined...
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