The Channel Islands Financial Ombudsman (CIFO) has published Consultation Paper 13 on its proposed levy schemes for 2018.
The levy schemes set the levies payable by financial services providers registered or holding a licence, permit or certificate with the Financial Services Commissions in specified areas of activity (registered providers).
The draft 2018 levy schemes follow the same approach as previous years. They are in advance of any potential changes to CIFO’s funding structure currently under consideration in the funding review, which, subject to approval of any required legislative changes, would come into effect from 1 January 2019. A further consultation paper will follow on a proposed future structure in the light of views received on the recent consultation paper CP11: CIFO Future Funding Options.
Consultation paper 13 seeks views on the proposed 2018 levy schemes. The CIFO would welcome responses from financial services providers and industry associations, as well as any other interested parties. The closing date for this consultation is Monday 9 April 2018. All responses must be in writing by email to consultations@ci-fo.org or by post to Channel Islands Financial Ombudsman, P O Box 114, Jersey, JE4 4QG.
