The GFSC currently cannot accept electronically signed documents. We do encourage and welcome scanned copies of documents. These can be sent to the Authorisations Team.
The Host Member State Regulator may contact you directly to advise of any relevant rules, regulations or fees in that country. If we receive these on your behalf we shall forward this to you. Please also advise us if you receive any communication directly from the host state Regulator.
For any other queries please contact the Authorisations Team.
The following fees are payable for firms wishing to set up an establishment/branch in Gibraltar.
Firms will be formally requested to make their payment once a notification is received. Fees are applicable per branch and per notification.
| ||MIFID||IMD||General Insurance and Life Insurance||PSD||AIFM* (Small AIFMs)||BCD||MCD||E-Money|
* Only for notifications made under Article 33 of the AIFM Directive.
** Please refer to the current Fee Regulations.
An EEA authorised payment or e-money institution wishing to engage an agent based in Gibraltar is required to pay a notification fee of £1,100 per agent.
Units in Collective Investment Schemes (UCITS) authorised under the Recast Collective Investment in transferable securities (UCITS) Directive (2009/65/EC) are required to appoint a local agent. The local agent will be expected to act as a contact for local investors, where they can obtain information and documents, and also for the UCITS to receive notices and relevant correspondence from the GFSC. The local agent should confirm acceptance to act on behalf of the UCITS prior to the fund marketing its units in Gibraltar.
A 'local agent' is generally a regulated entity, usually a licensed credit institution, or a local law firm.
The following fees are applicable for UCITS:
|An EEA UCIT scheme (as per Section 35 of the Financial Services (Collective Investment Schemes) Act)||£500|
|A foreign scheme (as per Section 40 of the Financial Services (Collective Investment Schemes) Act)||£3,000|
|CIS Manager ( Application to passport as a UCITS manager on an establishment basis into a new jurisdiction||£1,500|