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Banking - Administrative Notices

4 Implementation in Gibraltar of the Consolidated Supervision Directive
5 Implementation in Gibraltar of the EEA Agreement
6 Implementation in Gibraltar of the Netting Directive
8 The Post BCCI Directive: Close Links
9 E-money

Banking - Dear CEO Letters

2013 Systems of Controls to prevent financial crime
With the bringing into effect of the Crimes Act 2011 a number of new and revised financial crimes were introduced into the statute books. This letter aims to provide regulated firms with guidance on our expectations of the systems of control that we expect to see in regulated firms in this respect.

Banking - Forms and Returns

Credit Institutions Supervisory Return (COREP Filer)
E-Money: Notification to establish a branch in another member state
E-Money: Notification to provide services in another member state
E-Money: Notification to register an Agent or Distributor
Large Exposure Exemption Form
Notes for Completion Electronic Money Quarterly Supervisory Return
Electronic Money Quarterly Supervisory Return
Individual Questionnaire
GFSC Program Manager Notification Form
Basel II monthly return
Only to be submitted by firms with a Category 1 authorisation.
Credit Institution Supervisory Return
Notes for Completion of the Credit Institutions Supervisory Return
Statement of Compliance
The Statement of Compliance ("SoC") should be submitted to the Commission within four months of the end of a firm's accounting period. A separate SoC is required from each regulated persons within the same group, where these carry out different activities and submit separate audited accounts. For example, where a group includes firms that carry out distinct activities i.e. insurance management, company management and professional trusteeship or investment business, and submit separate accounts to each of the respective divisions of the Commission, a separate SoC will be required from each of these firms.
Annual Return of Controllers
The annual notification of controllers form was published in conjunction with Banking Newsletter 2 of 1996. The form must be completed and returned to the FSC by licensed banks incorporated or formed under the law of Gibraltar by the 30th April of every year.
Notification of intention to Branch into a member State (Form 2BCD1A)
Notification of change in requisite details (Form 2BCD1B)
Notes for completion of forms 2BCD1A and 2BCD1B
Notification of intention to provide services into a member State (Form 2BCD2)
Notes for completion for form 2BCD2
Notice to establish a representative office in Gibraltar
Body Corporate Questionnaire

Banking - Guidance Notes

Anti Money Laundering and Counter Terrorism Financing Guidance Notes

EBA Interactive Single Rulebook - Bank Recovery and Resolution Directive

EBA Interactive Single Rulebook - Capital Requirements Directive

EBA Interactive Single Rulebook - Capital Requirements Regulation

1 Outsourcing. (Withdrawn - Replaced with FSC's Revised Outsourcing Guidance Note)
2 Policies on Connected Lending
3 Provision of Cross-border Services
4 Provisioning Policy Statements
5 Framework for Banking Supervision. (Withdrawn - Replaced by FSC Risk Based Methodology)
6 Internal Audit
7 International Bank Account Numbers
8 Fiduciary Deposits
9 Outsourcing Guidance Note
2007 Market Abuse - Acceptable Market Practices
2007 MiFiD - Client Categorisation
2007 MiFiD - Suitability, Appropriateness & Best Execution
2007 MiFiD - Managing Conflicts of Interest & related Organisational Requirements
2007 MiFiD - Provision of Information, Client Reporting & Record Keeping
2007 MiFiD - Transparency Requirements
2007 MiFiD - Transaction Reporting
2007 MiFiD - Glossary of terms
2007 CRD - Pillar 1 - Operational Risk
2007 CRD - Pillar 1 - Credit Risk Standardised Approach
2007 CRD - Pillar 1 - Credit Risk IRB Approach
2007 CRD - Pillar 1 - Securitisation
2007 CRD - Pillar 1 - Financial Derivatives, SFTs and Long Settlement Transactions
2007 CRD - Pillar 1 - Market Risk
2007 CRD - Pillar 1 - ECAIs
2007 CRD - Pillar 1 - Concentration Risk
2007 CRD - Pillar 1 - Glossary
2007 CRD - Pillar 2 - ICAAP & the SREP
2007 CRD - Pillar 3 - Disclosures
2008 Audit requirements, & Other Obligations & Disclosures
2012 Internal Governance
2012 Remuneration
2012 Automated Trading Systems
EBA 2 2012 Guidelines on Stressed Value At Risk (Stressed VaR)
EBA 3 2012 Guidelines on the Incremental Default and Migration Risk Charge (IRC)
EBA 4 2012 Guidelines On the Remuneration Benchmarking Exercise
EBA 5 2012 Guidelines On the Data Collection Exercise Regarding High Earners
EBA 6 2012 Guidelines on the assessment of the suitability of members of the management body and key function holders
2013 Internal Audit Function in Banks

Banking - Legislation

ACT 11 1992 Financial Services (Banking) Act
LN 125 1992 Banking Regulations, 1992
LN 138 1992 Banking (Regulation of Credit Institutions) Regulations, 1992
ACT 15 1993 Banking (Amendment) Act, 1993
LN 150 1993 Banking Act (Amendment) Regulations, 1993
ACT 1 1994 Banking (Amendment) Act, 1994
LN 55 1995 Banking Act (Amendment) Regulations, 1995
LN 64 1995 Banking (Amendment) Regulations, 1995
ACT 8 1996 Banking (Amendment) Act, 1996
LN 151 1997 Banking (Accounts Directive) Regulation, 1997
ACT 4 1998 Banking (Extension to Building Societies) Act, 1997
ACT 45 1998 Banking (Gibraltar And United Kingdom Passporting) Act, 1998
ACT 6 1998 The Banking (Auditors and Information) Act, 1997
LN 61 1998 The Banking (Accounts Directive) Regulation, 1997, Notice of Corrigenda
ACT 7 1998 The Banking (Amendment) Act, 1997
ACT 8 1998 Deposit Guarantee Scheme Act
ACT 9 1998 Financial Institutions (Prudential Supervision) Act, 1997
SI 3084 2001 The Financial Services and Markets Act 2000 (Gibraltar) Order 2001
ACT 10 2002 Financial Services (Investor Compensation Scheme)
ACT 22 2002 Banking (Amendment) Act, 2002
LN 23 2002 Banking (Fees)(Amendment) Regulations, 2002
LN 31 2003 Banking (Amendment) Act 2002 - Notice of Corrigenda
LN 77 2003 Investor Compensation Scheme Act 2002 - Notice of Commencement
ACT 32 2004 Financial Collateral Arrangements Act, 2004
LN 143 2005 Banking (Accounts Directive)(Amendment) Regulations 2005
LN 157 2005 Banking (Fees Amendment No.2) Regulations 2005
ACT 24 2005 Fair Value Accounting Act, 2005
ACT 28 2005 Financial Collateral Arrangements (Amendment) Act, 2005
ACT 44 2005 Market Abuse Act, 2005
ACT 58 2005 Credit Institutions (Reorganisation and Winding Up) Act 2005
LN 159 2006 Banking (Amendment) Act 2006. Notice of Corrigendum
ACT 23 2006 Financial Services (Distance Marketing) Act, 2006
ACT 32 2006 Financial Services (Markets in Financial Instruments) Act, 2006
ACT 33 2006 Banking (Amendment) Act, 2006
LN 1 2007 Financial Services (Capital Adequacy of Credit Institutions) Regulations, 2007
ACT 11 2007 Financial Services (Temporary Business Continuity) Act 2007
LN 119 2007 Financial Services (Markets in Financial Instruments) (Penalty Fees) Regulations 2007
LN 120 2007 Financial Services (Markets in Financial Instruments) Regulations 2007
LN 2 2007 Financial Services (Capital Adequacy of Investment Firms) Regulations, 2007
LN 73 2007 Financial Services (Temporary Business Continuity) (Fees) Regulations 2007
LN 81 2007 Financial Services (Temporary Business Continuity) Act 2007
Act 1 2010 Counter Terrorism Act
LN 10 2010 Banking (Accounts Directive) (Amendment) Regulations 2010
LN 5 2010 Financial Services (Banking) (Amendment) Regulations 2010
LN 55 2010 Banking (Accounts Directive)(Amendment)(No.2) Regulations 2010
LN 57 2010 Market Abuse (Amendment) Regulations 2010
LN 59 2010 Banking (Fees)(Amendment) Regulations 2010
LN 66 2010 Banking (Fees)(Amendment)(No.2) Regulations 2010
LN 78 2010 Financial Services (EEA)(Payment Services) Regulations 2010
LN 80 2010 Distance Marketing (Amendment) Regulations 2010
LN 81 2010 Financial Services (Banking)(Amendment) Regulations 2010
LN 81 2010 Financial Services (Banking)(Amendment) Regulations 2010
ACT 12 2011 Financial Services (Consumer Credit) Act 2011
LN 167 2011 Financial Services (Electronic Money) Regulations 2011
LN 32 2011 Banking (Fees)(Amendment) Regulations 2011
LN 44 2012 Banking (Amendment) Regulations 2012
LN 76 2012 Financial Services Commission (Supervisory Acts) Order 2012
LN 198 2013 Financial Services (Capital Requirements Directive IV) Regulations 2013
ACT 22 2013 Financial Services (Information Gathering and Co-operation) Act 2013
EU 575 2013 EU Commission Regulation
Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012
EU 241 2014 EU Commission Delegated Regulation
Regulation (EU) No 241/2014 of 7 January 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions
Act 14 2015 Proceeds of Crime Act 2015
LN 71 2016 Financial Services Commission (Fees) Regulations 2016
LN 71 2016 Financial Services Commission (Fees) Regulations 2016

Banking - Newsletters

2 1996 Annual Notification of Controllers
1 1997 Banking (Amendment) Act, 1996
2 1997 Withdrawn 14/11/2005 (Compliance Arrangements)
3 1997 On-Balance Sheet Netting & Cash Collateral
4 1997 Loan Securitisation
5 1997 Guidance Note on Accounting & Other Records and Internal Control Systems
6 1997 Guidance Note on Reporting Accountants Regime
1 1998 New Banking Legislation
1 2000 Advertising, Customer Complaints, Bank Holding Companies and other issues
2 2000 Amendments to Administrative Notices issued under the Banking Act, 1992
1 2001 Excel Template of Notification Form
1 2001 Pre-Notification of Large Exposures
FSC 1 2002 Fitness and Propriety
1 2002 E-money Directive and other amendments to the Banking Act, 1992
FSC 1 2003 Retrospective "Know Your Customer" Reviews
FSC 2 2003 UN Sanctions: Freeze and transfer of Iraqi assets
FSC 1 2006 Risk Assessment Visits - Findings
FSC 4 2006 Financial Services Legislation
FSC 5 2006 Background to the Capital Requirements Directive (Basel II)
FSC 6 2006 Markets in Financial Instruments Directive
FSC 3 2007 Distance Marketing
FSC 3 2008 Liquidity Risk Management
1 2009 The Payment Services Directive
3 2009 Payment of Dividend
FSC 2 2011 Financial Services (Capital Adequacy of Credit Institutions)(Amendment) Regulations 2010
This Newsletter provides, inter alia, a summary of the some of the changes to the Capital Requirements Directive via Directive 2009/111/EC which have been transposed via the Financial Services (Capital Adequacy of Credit Institutions)(Amendment) Regulations 2010.
FSC 6 2011 Euro Exchange Rates for the period commencing 31 December 2011
FSC 11 2012 Enhancing the confirmations provided by Statutory Auditors and Audit firms for the Capitalisation of Licenced Companies
FSC 3 2012 Annual Fees Update 2012
6 2012 Internal Governance
7 2012 Automated Trading Systems
FSC 1 2013 Euro Exchange Rates for the period commencing 31 December 2012
2 2013 Frequency of Director's Board meetings held for Regulated Firms
FSC 5 2013 Financial Services (Information Gathering and Co-operation) Act
FSC 6 2013 Capital Requirements Directive IV
FSC 7 2013 Euro Exchange Rates for the twelve month period commencing 31 December 2013
FSC 8 2013 Country Risk Update
FSC 1 2014 COREP Project Communication Update: Contingency Filing Facility
FSC 2 2014 COREP Project Communication Update: Invoke Filing Portal Available
FSC 5 2014 Euro Exchange Rates for the twelve month period commencing 31 December 2014
FSC 2 2015 Euro Exchange Rates for the 12 month period commencing 31 December 2015
FSC 2 2015 Country Risk Update
FSC 1 2016 Country Risk Update 01/16
Improving Global AML/CFT Compliance: on-going process.
FSC 2 2016 Country Risk Update 02/16
Improving Global AML/CFT Compliance: on-going process.
FSC 3 2016 Country Risk Update 03/16
Improving Global AML/CFT Compliance: on-going process.
FSC 4 2016 Euro Exchange Rates for the 12 month period commencing 31st December 2016
FSC 4 2016 Country Risk Update 04/16
Improving Global AML/CFT Compliance: on-going process
GFSC 1 2017 Country Risk Updates 01/17

Banking - Presentations

11 2006 Presenting the revised AML/CFT Guidance Notes
David Parody
9 2006 Commissioner's speech to the Gibraltar Bankers Association Annual Conference
Marcus Killick
11 2007 The revised AML/CFT Guidance Notes
GACO - David Parody
11 2007 The FSC's approach to AML/CFT Compliance
GACO - David Parody
9 2007 Risk & Reputation Workshop
GBA Conference 2007 - David Parody
9 2007 The Credit Crunch
Chief Executive's speech to Gibraltar Bankers Association Annual Conference
10 2008 The end of banking privacy
STEP Conference - Hong Kong - D Parody
2 2008 Gibraltar London Seminar Private Clients
Marcus Killick
3 2009 Revised Risk Assessment Methodology, Corporate Governance and Approved Persons
Gibraltar Insurance Institute - Gibraltar Society of Chartered & Certified Accountancy Bodies - Gibraltar Association of Compliance Officers David Parody
1 2010 ICAAP
The FSC's Expectations, Common Errors and pitfalls
4 2012 GACO-FSC Risk Methodology Workshop
Slides, case study and templates for the GACO workshop held on 14 November 2012 by the FSC
1 2013 AIFMD - Regulatory Aspects
Slides from an FSC seminar held on 20th June 2013 by Joanne Beiso