2025 Fee Consultation

Overview

Updated 5 December 2024

On 11 September 2024, the Commission issued a consultation paper on the fee rates to apply from 1 January 2025 which contained the following proposals:

• an overall increase in fees of 5.3%;
• an increase in fees for Retail General Insurers to recognise the additional supervisory effort required to mitigate the risks, including reputational, they pose to the Bailiwick;
• the creation of a specific authorisation fee for an entity that is looking to apply to operate an Investment Exchange; and
• a rationalisation of the fee regulations.

The consultation ran for a period of four weeks and closed on 4 October 2024. The Commission published the fee consultation feedback paper on 5 December 2024 outlining its plans to increase licence fees paid by firms from 1 January 2025 by 5.3% and proceed with the proposals outlined above.