Consultation Papers

 

Format Description Issued Reply by

Proposals for a DLT Regulatory Framework 09/05/2017 06/06/2017
Adobe Request for Proposal : Quality Assurance on the Solvency II balance sheet, own funds, solvency capital requirement and minimum capital requirement 22/12/2016 13/01/2017
Adobe Proposal for the Quality Assurance of the Solvency II capital requirements, own funds and balance sheet 21/11/2016 05/12/2016
Adobe Response to Funding Review Consultation Paper 09/06/2016  
Adobe Funding Review Consultation Paper 14/12/2015 Consultation Ended
Adobe Regulation of personal pension schemes 04/06/2015 14/07/2015
Adobe Response to consultation paper on proposed fee amendments for financial services providers 01/04/2015  
Adobe Proposed fee amendments for financial services providers 16/02/2015 17/03/2015
Adobe Response to AIFM Remuneration Consultation Paper 21/11/2014  
Adobe Response to consultation paper on Solvency II Levy to be paid by Gibraltar licensed insurers 06/08/2014  
Adobe AIFM Remuneration Code Consultation 25/06/2014 Consultation ended
Adobe Proposed Solvency II Levy to be paid by Gibraltar licensed insurers 09/06/2014 30/06/2014
Adobe Response to consultation paper on proposed fee increases for 2014/15 06/05/2014  
Adobe Proposed fee increases 2014/15 06/03/2014 04/04/2014
Adobe Response to consultation paper on System of Governance - Insurance Transition to Governance Requirements established under the Solvency II Directive 19/12/2013 N/A
Adobe Draft Guidance Note: System of Governance - Insurance Transition to Governance Requirements established under the Solvency II Directive 11/11/2013 Consultation ended
Adobe Consultation Paper: System of Governance - Insurance Transition to Governance Requirements established under the Solvency II Directive 11/11/2013 Consultation ended
Adobe Response to consultation paper on new fees 2013/14 and reduction in UCITS fees 15/08/2013 N/A
Adobe Complaint Handling 09/08/2013 Consultation ended
Adobe Suitability Requirements with respect to the Distribution of Complex Financial Products 09/05/2013 09/08/2013
Adobe Internal Audit function in banks   Consultation ended
Adobe Response to consultation paper on internal audit function in banks 09/05/2013 N/A
Adobe Use of Agents and Distributors 02/04/2013 Consultation ended

 

The GFSC's approach to consultation

1. The GFSC is committed to carrying out its responsibilities in an open, transparent and accountable way. This statement describes the approach that we will take to consulting often about our policies, and on regulatory and legislative development. We will keep this approach under review, in line with evolving good consultation practice.

2. We will usually consult on material changes in regulatory requirements, policy or procedure and on changes to fee structures. Where proposed changes arise from a requirement to comply with EU Directives, we will make this clear.

3. We will consult in order to:

  • obtain information and views to help the GFSC take well-informed decisions, on costs, benefits, and practical implications of proposed changes to regulatory requirements;
  • consider alternative suggestions for achieving particular regulatory objectives;
  • promote understanding of the GFSC's overall objectives, and the reasons for the policies and procedures it adopts.

4. Consultation will generally be a public process, and will target the full range of interested parties, including:

  • the Government;
  • individuals, firms or groups with relevant expertise, or potential interest in a particular topic;
  • trade associations;
  • the Finance Centre Council.

5 The GFSC will consult observing a number of general principles. It will seek to:

  • have informal discussions at an early stage with those likely to be directly affected;
  • consult at an early enough stage to enable it to take any responses into account;
  • produce reasoned proposals, expressed in plain, concise language appropriate for the audience;
  • allow those consulted adequate time in which to respond, usually two calendar months;
  • make all responses to formal consultation available for public inspection, at Government's disposal, or on the GFSC's Website www.fsc.gi, unless there are particular reasons not to do so or confidential information needs to be protected;
  • after consultation on major policy issues, publish a reasoned explanation for our decisions.