GFSC director-general Nik van Leuven.

THE financial services regulator is planning to keep licence fees for 2012 at 2011 levels after two years of hikes.

The proposals are contained within a consultation paper published earlier this week by the Guernsey Financial Services Commission.

In fact, fiduciary licensees with an annual fee income of between £2m. and £4m. will be asked to pay just over £2,000 less next year, following the introduction of a new income band.

The GFSC wants responses to its consultation paper by the end of September and has already sent its plans for feedback to industry bodies including the Guernsey International Business Association and its various representative committees, the Chamber of Commerce, the Institute of Directors and some States departments.

• Read the full story in the Guernsey Press. Click here for subscription details. Individual editions are now available online.