Policy on Public Comment and Political Involvement

  1. Commission Members are not expected to occupy paid party political posts nor hold particularly sensitive nor high roles whether paid or unpaid in a political party which involve them in making public or personal comments. Subject to the foregoing, they are free to engage in political activities provided that they are conscious of their general public responsibilities and exercise a proper discretion. If a Commission member accepts a nomination for election to the Parliament of Gibraltar or any other elected public office then they will be expected to resign their appointment as a Commission member.

  2. Commission Members should not express views publicly on matters concerning the Commission, financial sector regulation or enforcement in Gibraltar, unless they are clearly speaking on behalf of the Commission and communicating Commission policy which has been previously cleared with the Chairman or Chief Executive. The practice of the Commission is for the Chief Executive to be the Commission’s spokesman.

  3. Commission Members should not by the manner or tone in which they express views publicly on matters other than those within the remit of the Commission bring the Commission into disrepute nor jeopardise its good relations with the firms which it regulates, Gibraltar trade associations, other financial sector regulators, the Government of Gibraltar or overseas governments.

  4. Public expression of views by Commission Members includes blogging, tweeting, writing articles or books, speaking to members of the press, public speaking or procuring third parties to speak on their behalf.

  5. Proper discretion (see a above) means that views expressed should not include any statements which a reasonable person could consider as a personal attack whether made by a Commission Member personally themselves or permitted by them by for example inclusion of comments as set out in d above.

  6. If a Commission Member is an office holder in a professional, business or trade association and that body wishes to criticise the policies or personalities of the Government of the day or the GFSC that office holder should not be associated personally and publicly with such criticisms.

General

If a Commission Member is in any doubt whether any of the above applies that member should consult the Chairman of the Commission immediately. If any other Commission Member considers a fellow member is stepping outside the rules that member should take it up with the member concerned in the first instance referring the matter to the Chairman if they consider that the matter is not resolved.