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Financial Services Ombudsman funding consultation

DepartmentDepartment for the Economy
Start date26/09/2014
End date14/11/2014
Type of consultationOther
Deadline for comments14/11/2014

About the consultation

​​​​The purpose of this consultation is to gather views on the proposal for the funding scheme for the Office of the Financial Services Ombudsman (OFSO).

The proposal and industry feedback will then be presented to the OFSO for its consideration in prescribing the first fee and levy schemes.  

Jersey and Guernsey are at different stages in their legislative processes, so have different requirements from the consultation. Therefore, the main consultation document sets out the proposed funding scheme and has separate appendices for Guernsey and Jersey.

The paper sets out the proposed funding scheme and principles, including:

  • who will pay the case-fees and levies
  • how the case-fees and levies will be calculated and applied
  • how exemptions would apply 
  • illustrations of potential fees and levies

What we want to know​

We would like to know the views of financial services providers on the funding proposals and specific questions as relevant for each jurisdiction. 

Readers in each jurisdiction should read the consultation document and the relevant appendix. Views on the proposals and specific responses to the questions posed are welcomed. 

Download the joint funding consultation paper (size 168kb)​

​Download the​ draft fina​ncial services ombudsman (case-fee and levy) (Jersey) regulations 201- (size 130kb)

How to submit comments to the consultation

This consultation is now closed.​

Responses to the consultation

Download ​Financial Services Ombudsman: funding consultation response (size 198kb)

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