Guernsey Finance Funding
Following the States of Guernsey decision in March 2009, the Guernsey Finance LBG (Levy) (Guernsey) Law, 2010 came into force on 9 November 2010.
This new law introduced a charge payable each calendar year for any company or person who is licensed, at the commencement of the calendar year or who becomes licensed in the course of that year by the Guernsey Financial Services Commission.
The purpose of the levy is to finance (either in whole or in part) the work carried out by Guernsey Finance LBG.
Guernsey Finance LBG is a joint industry and government initiative to defend and promote the long-term reputation, stability and development of Guernsey as an international centre of excellence for financial services.
Licensed entities have been paying this levy since 2009. However, new licenses are being granted by the Guernsey Financial Services Commission all of the time. In order to make a submission and pay the levy due, all licensed entities need to have a Registry GFF reference (LIC{ref number}). If you are a newly licensed entity in any particular year then the new Registry GFF reference will be sent to the registered office address in October of each year to enable the relevant submission to be made in January.
If you have mislaid your Registry GFF reference then please call 01481 743800 to request a copy.
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Guernsey Finance Funding
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Guernsey Finance Funding
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