Financial Services Commission
Financial Services Commission
Established under the Financial Services Commission Act 1989, the Gibraltar Financial Services Commission “GFSC” regulates the financial services industry in Gibraltar and whose aim is to protect consumers, enhance the reputation of Gibraltar as a quality financial services centre, and promote good business.
The GFSC supervises a broad range of firms including: auditors, banks, company managers, e-money institutions, professional trustees, payment services providers, funds and fund service providers, insurance companies, managers and intermediaries, investment firms, and insolvency practitioners. Firms that wish to do business in or from within Gibraltar must meet GFSC standards and criteria both at application stage and on an on-going basis.
GFSC supervisory work focuses primarily on the way firms are operated and governed, and the identification of risks to consumers and the reputation of the jurisdiction more generally.
All insurance and other financial legislation, newsletters and guidance notes can be found on the GFSC's website at www.fsc.gi.
The Financial Services Commission is a statutory body corporate, established by the Financial Services Commission Act 1989. The Commission is the regulatory and supervisory authority responsible for all Gibraltar financial services, including insurance.
The Commission is composed of the Chief Executive and eight members, and the functions of the Commission are:
to continually review the operation of Gibraltar legislation and the effectiveness of the supervision of financial services;
to monitor the extent to which Gibraltar legislation and supervision complies with European Union obligations and supervisory standards governing financial services in the United Kingdom where Community law applies;
to protect the public against financial loss arising out of dishonesty, incompetence or malpractice;
to advise the Government of Gibraltar and the Government of the United Kingdom on matters concerning financial services; and
to draw up codes for regulating terms of service of persons employed by the Commission.
The Financial Services Commission’s mission statement is: “To provide financial services regulation in an effective and efficient manner in order to protect the public from financial loss and enhance Gibraltar's reputation as a quality financial centre."
The FSC is located at:
Financial Services Commission
PO Box 940 Suite 3
Ground Floor
Atlantic Suites
Europort Avenue
Gibraltar
www.fsc.gi
Contact Us • Privacy Statement • Modern Slavery Statement
Haven Insurance, No.1 Grand Ocean Plaza, Ocean Village, Gibraltar
Email: [email protected]