http://www.fsc.gi/fsc/home.htm The latest news from the Gibraltar Financial Services Commission. en-gb webmaster@fsc.gi (FSC Webmaster) (c) 2008, Financial Services Commission 5 This Newsletter is directed at Alternative Investment Fund Managers (AIFMs). http://www.fsc.gi/download/newsletters/news0512.pdf Fri, 4 May 2012 08:30:00 GMT {guid {2666806F-B375-4270-A8A6-9EE46469C2D4}} The FSC's Audit Supervision Manager, Bethan Hampson-Jones, recently returned from the Plenary Meeting of the International Forum of Independent Audit Regulators (“IFIAR”) which took place between 16th and 18th April in Busan, South Korea. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=102 Fri, 4 May 2012 08:30:00 GMT {guid {8211BA2D-355C-4DD4-A3F4-495F58C02A0C}} In its continuing efforts to enforce the judgement by which the Supreme Court made an award of damages in the sum of £6.3 million in January last year, lawyers acting for the Financial Services Commission ('FSC') have now obtained bankruptcy orders against two of the former directors of Rock Financial Services Limited ('RFSL'). http://www.fsc.gi/enforcement/fscwarning0044.htm Tue, 24 Apr 2012 08:30:00 GMT {guid {54F0DC37-7A15-495F-945E-3B019FEA24E5}} Regulated firms are required to submit a Statement of Compliance on an annual basis. http://www.fsc.gi/forms/soc.doc Tue, 24 Apr 2012 08:30:00 GMT {guid {B0388A7F-7D61-4513-A2C2-EF23ECD887C9}} EIF Regs are published by Government http://www.gibraltarlaws.gov.gi/articles/2012s056.pdf Tue, 17 Apr 2012 08:30:00 GMT {guid {34B031A2-176C-442C-AA29-18BB9A4D594D}} This Newsletter applies to all Experienced Investor Funds (EIFs) and service providers, namely the fund administrator, EIF directors and depositary. http://www.fsc.gi/download/newsletters/news0412.pdf Fri, 13 Apr 2012 08:30:00 GMT {guid {23FF93C5-D1BA-4F6F-A883-0A2EA4ED0C3B}} The Financial Services Commission is pleased to announce that its application submitted to the International Forum of Independent Audit Regulators was successfully accepted on Tuesday 27th March. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=101 Wed, 4 Apr 2012 08:30:00 GMT {guid {6B379BC0-DDAE-466E-B646-88DEA0EE28FA}} The Government of Gibraltar has published a number of amendments to the Annual Fees payable by firms under the Supervisory Acts with effect from 1 April 2012. http://www.fsc.gi/download/newsletters/news0312.pdf Mon, 2 Apr 2012 08:30:00 GMT {guid {0BDF09F3-F231-41A5-93B5-897160D0EB5B}} The Financial Services Commission would like to alert members of the public with regards to its name and logo being used on a forged letter. http://www.fsc.gi/enforcement/fscwarning0043.htm Thu, 22 Mar 2012 08:30:00 GMT {guid {5D90D948-85B6-4FC5-9AB9-6B3554C3AE16}} The Financial Services Commission has recently completed two further assignments with the Commonwealth Secretariat designed to assist in international improvements in financial sector supervision. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=100 Wed, 21 Mar 2012 08:30:00 GMT {guid {CB58F917-11F6-4C00-85CF-C3EEAB18D514}} Presentations, handouts and forms http://www.fsc.gi/download/presentations/PublicOversightFunction.pdf Wed, 21 Mar 2012 08:30:00 GMT {guid {6CD33AEE-675B-4CE2-97BD-1619C2455B65}} The FSC publishes an update to high risk jurisdictions for AML/CFT purposes http://www.fsc.gi/download/newsletters/news0212.pdf Wed, 7 Mar 2012 08:30:00 GMT {guid {7E56A65F-5596-4FAF-9384-25C148E43CA5}} The Financial Services Commission has today issued a warning to the public regarding 'SDH Insurance Limited'. http://www.fsc.gi/enforcement/fscwarning0042.htm Mon, 13 Feb 2012 08:30:00 GMT {guid {C907D4FA-A31E-4668-AE9D-30C200030A12}} The FSC is offering the opportunity for members of the industry to join the FSC on an inwards secondment for a period of up to six months. http://www.fsc.gi/vacancies/vacancy-secondment.htm Fri, 3 Feb 2012 08:30:00 GMT {guid {2BBAFE4E-BCB3-452D-A668-A870B6BAFF10}} Presentation to GFSB European Conference http://www.fsc.gi/download/presentations/GFSBEuropeanConference.pdf Thu, 2 Feb 2012 08:30:00 GMT {guid {CFDA13F6-A0C4-4C1D-9116-095EC583715F}} Chris Collins - Obituary http://www.fsc.gi/aboutus/obituary.htm Tue, 24 Jan 2012 08:30:00 GMT {guid {08FB6F0A-77AB-4FE5-969F-89D2AAA1D249}} Completion of the Accountants Report Form http://www.fsc.gi/download/newsletters/news0112.pdf Fri, 20 Jan 2012 08:30:00 GMT {guid {94809F37-7CD3-4446-86CD-A34CF66F1D7A}} FSCs revised report on compliance with the Corporate Code http://www.fsc.gi/aboutus/combinedcode.htm Fri, 20 Jan 2012 08:30:00 GMT {guid {29105D5E-EC02-44B5-BA7F-7CE49AC6BEC8}} Under the Financial Services (Consumer Credit) Act (the Act), the FSC's Chief Executive Officer has been appointed as Director for the purposes the Act. http://www.fsc.gi/consumer/aboutcreditprovider.htm Fri, 20 Jan 2012 08:30:00 GMT {guid {592A0D9B-6C55-4455-9FDF-F19C84BFA591}} The FSC publishes local mortgage book statistics which will be updated on a quarterly basis from now on. http://www.fsc.gi/aboutus/stats_mortgage.htm Fri, 13 Jan 2012 08:30:00 GMT {guid {565F39E5-EA17-4479-87D8-67A1B1C89A14}} Euro Exchange Rates for the period commencing 31 December 2011 http://www.fsc.gi/download/newsletters/news0611.pdf Wed, 14 Dec 2011 08:30:00 GMT {guid {3CF06F43-3F14-40A1-9E1D-ED30C4738B4C}} Senior FSC managers were presented with Certificates in Management and http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=99 Wed, 30 Nov 2011 08:30:00 GMT {guid {79981793-3D17-4FC9-A9D1-043E266AF5F5}} The FSC perspective of the role of Non Executive Director's in licensed firms and funds. http://www.fsc.gi/download/presentations/directors-duties.pdf Wed, 30 Nov 2011 08:30:00 GMT {guid {85BCC4D0-839C-42CD-B6BB-11D9139A7660}} FSC updates its advice on jurisdictions which pose risks due to unsatisfactory money laundering controls. http://www.fsc.gi/download/newsletters/news0511.pdf Thu, 24 Nov 2011 08:30:00 GMT {guid {4779BBB0-DA89-451E-97C2-E9A278FE242F}} The Financial Services Commission has today issued a warning to the public regarding Online Investment Bank. http://www.fsc.gi/enforcement/fscwarning0041.htm Thu, 10 Nov 2011 08:30:00 GMT {guid {1D1CF64F-64D2-4B05-BC61-FF7F39CA02E3}} The sterling value of the Euro for 2011 for insurance regulatory purposes is £0.8731. http://www.fsc.gi/download/adobe/insurance/Insurance012011.pdf Tue, 1 Nov 2011 08:30:00 GMT {guid {FA1164F1-D779-4FBC-9A9C-7420F429125E}} The Financial Services Commission has today amended its warning to the public regarding the above-named entities and associated websites. http://www.fsc.gi/enforcement/fscwarning0040.htm Mon, 31 Oct 2011 08:30:00 GMT {guid {586BC531-84D8-4182-8A32-B49799457CBE}} On Friday 21 October 2011, lawyers acting for the Financial Services Commission (FSC) obtained a winding-up order in the Supreme Court against RLS Insurance & Financial Consultants Limited. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=98 Fri, 28 Oct 2011 08:30:00 GMT {guid {37A289AC-6B97-49A3-859F-534590569E9A}} Presentation to GACO on the Revised FSC Risk Assessment Methodology http://www.fsc.gi/download/presentations/RevisedRisk-basedApproachSupervision.pdf Thu, 27 Oct 2011 08:30:00 GMT {guid {13159523-A618-477C-AB19-6BE3EE7E2FF3}} Following the retirement of its Chairman, Brian Hilton from the Board of the Financial Services Commission, the Chief Minister has appointed Dr Jonathan Spencer CB MA DPhil to serve as a Commission Member. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=97 Wed, 12 Oct 2011 08:30:00 GMT {guid {E9318667-201A-496F-9E92-9F457E4228E4}} The FSC has published its revision to the risk assessment methodology of its approach to supervision and regulation of firms. http://www.fsc.gi/firms/riskframework.htm Mon, 10 Oct 2011 08:30:00 GMT {guid {EFBF0712-44DB-4250-9CDC-764DE67FE079}} In 2008 the Financial Services Commission ('the FSC') obtained an Injunction at the Supreme Court in Gibraltar, restraining Starlight Marine Limited and its beneficial owners from undertaking unlawful activities and awarded an interim Restitution Order in the sum of £250,000 to the FSC. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=96 Mon, 19 Sep 2011 08:30:00 GMT {guid {04C62B1E-635A-48FE-901F-5BE10B63224E}} The Deputy Chief Executive Officer of the Financial Services Commission, David Parody, has recently returned from Mombasa, Kenya, where he delivered a workshop for the Board of the Kenyan Insurance Regulatory Authority (IRA) funded by the IRA itself. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=94 Tue, 13 Sep 2011 08:30:00 GMT {guid {8DCCAF13-EECB-4E1A-9303-DE1BA4623F1E}} The FSC CEO Marcus Killick recently returned from the Commonwealth Secretariat "Commonwealth Regulatory Workshop" in Trinidad where he had been invited by the Secretariat to address the workshop on the Governance of International Regulation. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=93 Thu, 1 Sep 2011 08:30:00 GMT {guid {DE80A1C4-1359-49CF-9104-2E541FDCEB9E}} The Financial Services Commission has today issued a warning to the public regarding "Unique Car Insurance". http://www.fsc.gi/enforcement/fscwarning0039.htm Wed, 24 Aug 2011 08:30:00 GMT {guid {B88AC40A-A8F3-4B52-A69B-483885F1C9DC}} Update on AML/CFT Risks posed by jurisdictions. http://www.fsc.gi/download/newsletters/news0411.pdf Tue, 23 Aug 2011 08:30:00 GMT {guid {EA797C7D-300D-4B63-957F-9132FF8CEDFD}} The FSC publishes its annual report http://www.fsc.gi/download/annualreports/annualreport2011.pdf Tue, 9 Aug 2011 08:30:00 GMT {guid {9F72EDDC-F72C-473B-9C8B-5E7276E6070E}} FSC publishes a newsletter dealing with various aspects of EIFs. http://www.fsc.gi/download/newsletters/news0311.pdf Fri, 22 Jul 2011 08:30:00 GMT {guid {135AA434-942C-4BF0-BA6E-9C6652D90EF5}} Statement of Complaince Upadate version 8.6 http://www.fsc.gi/forms/soc.doc Tue, 21 Jun 2011 08:30:00 GMT {guid {B71C169F-9AC3-4DEB-8D40-1EFD52D057BB}} The Royal Gibraltar Police has today, in a joint operation with the Financial http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=92 Fri, 10 Jun 2011 08:30:00 GMT {guid {011D1BC2-892B-4D5C-AF8B-966263BFF8F4}} We are looking for enthusiastic individuals with who are currently studying a relevant subject at degree level or who plan to commence relevant studies in September 2011 to join us for a short period (two to four weeks) during the summer. http://www.fsc.gi/vacancies/vacancy-interns.htm Fri, 3 Jun 2011 08:30:00 GMT {guid {AEB5342A-D28F-4784-901B-C636E02CC48C}} At a hearing before Mr Justice Butler, at the Supreme Court today the http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=91 Wed, 11 May 2011 08:30:00 GMT {guid {DAB1D6EA-42BD-4F34-AD08-C271A3FE0587}} 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. http://www.fsc.gi/download/newsletters/news0211.pdf Tue, 26 Apr 2011 08:30:00 GMT {guid {528814EF-D3B3-463E-9D94-11EFF9635182}} This Newsletter constitutes advice issued by the Financial Services Commission about risks posed by unsatisfactory money laundering controls in a number of jurisdictions. http://www.fsc.gi/download/newsletters/news0111.pdf Thu, 14 Apr 2011 08:30:00 GMT {guid {45FF088A-74CB-4D29-BBA4-72FA0373D235}} The Financial Services Commission has today issued a warning to the public regarding Caspian Investments Limited, a Gibraltar-registered company. http://www.fsc.gi/enforcement/fscwarning0038.htm Thu, 14 Apr 2011 08:30:00 GMT {guid {69C0E662-5EA3-405D-A7A5-2E61AC35D6E0}} The Financial Services Commission wishes to draw the public's attention to the following press relea http://www.fsc.gi/enforcement/fscwarning0037.htm Wed, 6 Apr 2011 08:30:00 GMT {guid {B73660E1-1FE3-45AD-A7DF-AF57B6EBE952}} The FSC is offering the opportunity for members of the industry to join the FSC on an inwards secondment for a period of six months. http://www.fsc.gi/vacancies/vacancy-secondment.htm Fri, 1 Apr 2011 08:30:00 GMT {guid {F87A14B4-B1D6-4407-9B2E-FEEBAA750B9E}} The Supreme Court has granted an injunction in favour of the Financial Services Commission against Mr Jens Erik Sorensen, Sorek Services Ltd and a number of other related parties following the FSC's cancellation of the licences held by the Sorek Group. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=90 Mon, 28 Mar 2011 08:30:00 GMT {guid {11B1F8FE-7DAF-4EB2-B60D-CDBF0D83471D}} The Financial Services Commission has today issued a warning to the public regarding Sud Internet Services Limited, a company incorporated in Gibraltar. http://www.fsc.gi/enforcement/fscwarning0035.htm Mon, 21 Mar 2011 08:30:00 GMT {guid {ECD34A06-674E-4F79-B4AF-2D4CA96F759A}} The Financial Services Commission has today issued a warning to the public regarding Loyal Bank Limited. http://www.fsc.gi/enforcement/fscwarning0036.htm Mon, 21 Mar 2011 08:30:00 GMT {guid {8197790B-60FC-4504-A800-A26778E1380F}} The FSC's Chief Operations Officer, David Parody, has recently returned from http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=87 Tue, 15 Mar 2011 08:30:00 GMT {guid {EF9E8230-F46C-4099-9E5D-7D7AF4ECABAF}} The FSC is delighted to announce that the Chief Minister has appointed Mr http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=86 Fri, 4 Mar 2011 08:30:00 GMT {guid {5C3A7B9C-8645-42E6-8A03-EC539361F016}} Court appoints liquidators for Gibland group of companies http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=85 Mon, 28 Feb 2011 08:30:00 GMT {guid {D2E6A0D3-CF1A-46AE-AE7A-7762CADF56BD}} The Financial Services Commission has today issued a warning to the public regarding "Mr Insurance". http://www.fsc.gi/enforcement/fscwarning0034.htm Tue, 8 Feb 2011 08:30:00 GMT {guid {108B88BF-D842-484E-BC67-56645F43F0B4}} The FSC has today published supplementary guidance for the audit profession dealing with Anti-Money Laundering and Combating Terrorist Financing. http://www.fsc.gi/amlgn/auditors.htm Tue, 8 Feb 2011 08:30:00 GMT {guid {42C3A937-9479-4FEC-A175-005E583C9BAC}} Mr Robert Vasquez, who was appointed to serve as a Commission Member on 1 August 2006, tendered his resignation as a Member of the Financial Services Commission (FSC) on 18 January 2011. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=83 Tue, 25 Jan 2011 08:30:00 GMT {guid {35436107-DCD3-4E52-B926-8177E6707C85}} The Securities and Exchange Commission of the United States has publicly thanked the Gibraltar Financial Services Commission regarding assistance provided in helping it bring charges against a number of persons allegedly involved in "a massive life settlement bonding fraud". http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=84 Tue, 25 Jan 2011 08:30:00 GMT {guid {73FBB076-3D85-4551-A0E4-295041862D6F}} The Financial Services Commission has today issued a warning to the public regarding 'Reclaim Investment Bank, Gibraltar' and 'Cashback Investment Bank, Gibraltar'. http://www.fsc.gi/enforcement/fscwarning0033.htm Mon, 17 Jan 2011 08:30:00 GMT {guid {45138D40-4E10-4E85-A21B-045A16E8678A}} The Financial Services Commission is pleased to announce that its Head of Insurance Supervision, Michael Oliver has been elected to sit on the executive committee of the International Association of Insurance Supervisors (IAIS). http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=82 Fri, 14 Jan 2011 08:30:00 GMT {guid {CF7271B0-3510-4E16-A3C9-D9BDBF4FE76C}} In a first of its kind judgement in the Supreme Court of Gibraltar heard an application by the Financial Services Commission (FSC) for the assessment of damages against Michael Whitting, Anthony Whitting and Stephen Putnam who were formally directors of Rock Financial Services Limited (RFSL). http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=81 Tue, 4 Jan 2011 08:30:00 GMT {guid {29462E38-0F3E-4E47-BF2A-B75AF675D1DC}} You can now follow the FSC on Twitter. http://www.twitter.com/gibfsc Wed, 22 Dec 2010 08:30:00 GMT {guid {81682555-CF9B-45BC-A909-A6099E539B71}} On Friday 10 December 2010, lawyers acting for the Financial Services Commission obtained a winding-up order in the Supreme Court against 2i Limited following the presentation of its petition. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=80 Tue, 14 Dec 2010 08:30:00 GMT {guid {4EE45033-9AC8-4D8D-AD71-6E81DAC6106D}} The equivalent value of the Euro in respect of other currencies, for regulatory reporting purposes, http://www.fsc.gi/download/newsletters/news0510.pdf Mon, 13 Dec 2010 08:30:00 GMT {guid {5B358CAB-D523-4BF3-9B27-A07FB82BBA3D}} This page provides answers to some of the most frequently asked questions (FAQ) regarding the raising of the special levy under Financial Services (Investment and Fiduciary Services) (Temporary Administration of Companies) Act 2010. http://www.fsc.gi/firms/speciallevy.htm Wed, 24 Nov 2010 08:30:00 GMT {guid {279EDA5F-F71A-4B88-BBD6-E1156CCD5295}} FSC publishes revised FATF Statement on AML and CFT controls in other jurisdictions http://www.fsc.gi/download/newsletters/news0410.pdf Wed, 17 Nov 2010 08:30:00 GMT {guid {DDF4BA0E-E6D5-4529-BB89-C07F294B6912}} The Financial Services Commission has this week received reports of flyers circulated in Gibraltar by the above-named company. http://www.fsc.gi/enforcement/fscwarning0032.htm Mon, 8 Nov 2010 08:30:00 GMT {guid {9FAE6CEA-B998-4C81-B838-1A32BC26EF55}} The sterling value of the Euro for 2010 for insurance regulatory purposes is £0.8686. http://www.fsc.gi/download/adobe/insurance/Insurance012010.pdf Mon, 1 Nov 2010 08:30:00 GMT {guid {9E414617-497C-4B74-AF7C-0A5C979900E2}} (a) With effect from Monday 15th November 2010 the Administrator's Team will move from the current o http://www.gibland.com/notice.htm Fri, 29 Oct 2010 08:30:00 GMT {guid {C01AAA67-80FB-4E87-8143-E27E57FF2842}} The Financial Services Commission has today published the enhanced Auditors Public Register. http://www.fsc.gi/fsclists/AuditorsRegister.aspx Tue, 12 Oct 2010 08:30:00 GMT {guid {8023FFCC-DAEA-4ABD-9A94-F79C4F3AC812}} The FSC has published a Guidance Note on the Counter Terrorism Act. http://www.fsc.gi/download/adobe/GuidanceNote-CounterTerrorismAct.pdf Fri, 3 Sep 2010 08:30:00 GMT {guid {8CEB122B-0040-4356-9C53-874540588B8E}} The FSC has published its 2010 annual report. http://www.fsc.gi/download/annualreports/annualreport2010.pdf Mon, 2 Aug 2010 08:30:00 GMT {guid {3A55659B-57B9-4A20-ABE0-7670AE8A78E2}} The Financial Services Commission has today issued a warning to the public regarding bogus letters received by Gibraltar residents. http://www.fsc.gi/enforcement/fscwarning0031.htm Wed, 21 Jul 2010 08:30:00 GMT {guid {B835039B-7E71-4776-B8DA-6721DC7DD7DB}} The Financial Services Commission has today issued a warning to the public regarding Arcadian Investment Group Limited, a Gibraltar registered company. http://www.fsc.gi/enforcement/fscwarning0030.htm Thu, 15 Jul 2010 08:30:00 GMT {guid {391484ED-F615-4608-A6DE-71274C86627E}} The FSC publishes the results of an on-line survey seeking views of stakeholders on its service. http://www.fsc.gi/download/adobe/satisfactionsurveyresults.pdf Thu, 15 Jul 2010 08:30:00 GMT {guid {A2DBD642-0C3A-44BB-8BDF-D89A6EFD1985}} This Newsletter constitutes advice issued by the Financial Services Commission about risks posed by unsatisfactory money laundering controls in anumber of jurisdictions. http://www.fsc.gi/download/newsletters/news0310.pdf Wed, 14 Jul 2010 08:30:00 GMT {guid {57D9BDE8-52A8-4844-8BA2-5C6A90FACD87}} The Financial Services Commission is very pleased to announced that it has been recognised as meeting the Silver standard of the Investors In People Award (IiP). http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=79 Fri, 2 Jul 2010 08:30:00 GMT {guid {89F131B4-B601-4C9E-8FFA-FED819599876}} Press Release The RGP Financial Crime Unit wishes to warn of a scam currently operating in Gibraltar. http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=78 Thu, 27 May 2010 08:30:00 GMT {guid {5DE806F1-AECF-4F90-97E7-D746E2C9C2F7}} The Financial Services Commission has today issued a warning to the public regarding Windsor (International) Limited a company registered in Gibraltar, operating as 'Windsor Exchange'. http://www.fsc.gi/enforcement/fscwarning0029.htm Fri, 7 May 2010 08:30:00 GMT {guid {45010160-3908-4242-92B7-30D36294730B}} If you are a client of Gibland Secretarial Services Limited and/or Cabor Trustees Limited, we would be grateful if you would follow the procedure set out below immediately in order that the company management services or professional trusteeship being provided to you by these companies may be transferred to another licensed entity at the earliest possible opportunity. http://www.fsc.gi/fsc/procedures.htm Fri, 30 Apr 2010 08:30:00 GMT {guid {031D5821-517B-40DD-B352-547DCA379485}} The Financial Services Commission has today issued a warning to the public regarding The Alternative Investment Group, an entity claiming to operate from an address in Gibraltar. http://www.fsc.gi/enforcement/fscwarning0028.htm Wed, 28 Apr 2010 08:30:00 GMT {guid {0A39F943-BFF3-4C9A-BB3C-3887CBAFD901}} FSC updates the risk assessment of certain countries for ML and TF threats. http://www.fsc.gi/download/newsletters/news0210.pdf Wed, 17 Mar 2010 08:30:00 GMT {guid {D6BD3050-1230-4F8B-8236-9B6D8A72EFDF}} Newsletter on Appointed Representatives http://www.fsc.gi/download/newsletters/news0110.pdf Mon, 22 Feb 2010 08:30:00 GMT {guid {BBF1B9A8-5420-43E4-A232-A5FD507F9A58}} The FSC has today published a revision to the money laundering and terrorist financing risk matrix of the Guidance Notes. http://www.fsc.gi/amlgn/chapter03.htm Mon, 22 Feb 2010 08:30:00 GMT {guid {B0F588B2-55AD-4E9E-8FCF-60F96A8E663F}} Financial Services Commission has today, pursuant to Section 11 of the Financial Services (Investmen http://www.fsc.gi/fsclists/pressrelease.aspx?PressReleaseID=74 Mon, 8 Feb 2010 08:30:00 GMT {guid {9E4008C6-BA67-4E9B-AF47-280DA8AFD623}} The equivalent value of the Euro in respect of other currencies, for regulatory reporting purposes, http://www.fsc.gi/download/newsletters/news0409.pdf Mon, 11 Jan 2010 08:30:00 GMT {guid {DDBBDD2D-8855-49B7-A6B9-D564DE0D5575}} The Financial Services Commission has today issued a warning to the public regarding Reincarnation Bank. http://www.fsc.gi/enforcement/fscwarning0027.htm Thu, 7 Jan 2010 08:30:00 GMT {guid {7ED3A93B-9D2D-4270-957C-53B48033EAAA}} The Financial Services Commission ('the FSC') announced today that the Supreme Court has granted the applications for a Restitution Order under Section 42 of the Financial Services (Investment and Fiduciary Services) Act against Rock Financial Services Limited ('RFSL'), Anthony Everard Whitting, Michael James Whitting and Stephen Paul Putnam and for compensatory orders under Sections 315-6 of the Companies Act against Mr Anthony Whitting, Michael Whitting and Stephen Putnam. http://www.fsc.gi/fsclists/pressrelease.asp?ID=72 Fri, 27 Nov 2009 08:30:00 GMT {guid {990C8F6F-A8F2-47FF-9411-156787EF7309}} FSC publishes a newsletter to assist firms in the assessment of country risk posed by certain jurisdictions. http://www.fsc.gi/download/newsletters/news0209.pdf Thu, 19 Nov 2009 08:30:00 GMT {guid {FA64534C-BE42-4655-9C85-A14645097BF7}} The sterling value of the Euro for 2009 for insurance regulatory purposes is £0.89375. http://www.fsc.gi/download/adobe/insurance/Insurance032009.pdf Mon, 2 Nov 2009 08:30:00 GMT {guid {E723736D-D5D5-4449-B864-E88506306823}} The Financial Services Commission has become aware of the above website associated to the entity, Sigma Forex. http://www.fsc.gi/enforcement/fscwarning0026.htm Mon, 12 Oct 2009 08:30:00 GMT {guid {666154D0-3BE5-4B97-9B06-87460B0B8574}} The FSC publishes its Annual Report 2009. http://www.fsc.gi/download/adobe/annualreport2009.pdf Wed, 12 Aug 2009 08:30:00 GMT {guid {A60A955F-7AED-4802-B78C-5141467E0AB7}} The FSC has entered into an MoU with the Commissariat aux Assurances of Luxembourg. http://www.fsc.gi/download/adobe/LuxGibMOUIAISModel.pdf Tue, 11 Aug 2009 08:30:00 GMT {guid {AB67EF72-28E3-4556-86FD-4D8324BD6409}} The timetable through to the implementation of Solvency II is now becoming clearer. http://www.fsc.gi/download/adobe/insurance/insurance022009.pdf Thu, 30 Jul 2009 08:30:00 GMT {guid {E8D9630F-01CE-4B16-9E56-4988220470E7}} The Financial Services Commission would like to alert members of the public with regards to its name and logo being used on a forged "Insurance Policy Bond Certificate". http://www.fsc.gi/enforcement/fscwarning0025.htm Thu, 11 Jun 2009 08:30:00 GMT {guid {62640C40-30F7-4065-B45B-0B16669E4E5D}} The Financial Services Commission has today issued a warning to the public regarding Aberdeen Management Limited, a company incorporated in the British Virgin Islands, although it is managed from Gibraltar. http://www.fsc.gi/enforcement/fscwarning0024.htm Wed, 3 Jun 2009 08:30:00 GMT {guid {ACABE108-1599-479F-B001-AD249568C239}} The Financial Services Commission has today issued a public warning regarding Portland Services Limited, a company incorporated in the Republic of the Seychelles, believed to be operating from offices in Spain, yet using a Gibraltar office address, PO Box, telephone and fax numbers as its only contact details. http://www.fsc.gi/enforcement/fscwarning0023.htm Tue, 26 May 2009 08:30:00 GMT {guid {7F5CCA8B-E1FD-4D7D-9758-4AE16F0AA45F}} As part of the FSCs commitment to minimise bureaucracy, it has today announced that substantial changes have been made to how applications are submitted to seek any type of authorisation to conduct financial services business. http://www.fsc.gi/fsc/applications.htm Fri, 1 May 2009 08:30:00 GMT {guid {94B04660-5951-4BA8-A6A7-4523CD1902BE}} The FSC has published a compendium of all responses received from industry to its Consultation Paper on Corporate Governance. http://www.fsc.gi/download/adobe/CompendiumResponsesCorporateGovPaper.pdf Thu, 23 Apr 2009 08:30:00 GMT {guid {024ED650-578B-4BFB-A306-11B84E3AEB91}} The FSC has today published its revision to the Risk Assessment Methodology for the supervision of regulated entities. http://www.fsc.gi/fsc/riskframework.htm Wed, 1 Apr 2009 08:30:00 GMT {guid {211554C0-517D-4C2F-95C0-64DD9411920B}} This Newsletter is directed to firms who will be caught within the scope of the Payment Services Directive (PSD). http://www.fsc.gi/download/newsletters/news0109.pdf Mon, 30 Mar 2009 08:30:00 GMT {guid {D823E3CE-0511-4AE7-AFDF-AE54E9091036}} When the Insurance Companies (Solvency Margins and Guarantee Funds) Regulations 2004 ("the Regulations") came into operation on 1 January 2004 they introduced a requirement that annual inflation reviews be carried out in accordance with Article 17a of Directive 73/239/EEC and Article 30 of Directive 2002/83/EC of amounts laid down in euro. http://www.fsc.gi/download/adobe/insurance/Insurance012009.pdf Mon, 2 Mar 2009 08:30:00 GMT {guid {27199A15-348E-47B7-B36E-FFF5EB94B69E}} Following amendment to legislation on 9th October 2008 the Financial Services Commission assumed responsibility for licensing and supervising Bureaux de Change and Money Transmitters. http://www.fsc.gi/press/press13022009.htm Fri, 13 Feb 2009 08:30:00 GMT {guid {956B18EB-564D-4758-830C-97EA599B4CB8}} The Financial Services Commission ("FSC") has today issued a warning to the public regarding James B Clarke & Company Limited. http://www.fsc.gi/enforcement/fscwarning0022.htm Thu, 20 Nov 2008 08:30:00 GMT {guid {FBE2EDA4-714D-4E43-99A1-FFDB191A5636}} The Financial Services Commission ("FSC") has today issued a warning to the public regarding Core Market Research. http://www.fsc.gi/enforcement/fscwarning0021.htm Wed, 19 Nov 2008 08:30:00 GMT {guid {587C14FF-DB9A-4530-8C4A-383FBC4374FC}} Internationally recognised as one of the leading regulators of financial services providers, the FSC is able to offer a challenging and exciting career opportunity. http://www.fsc.gi/vacancies/vacancy-ro.htm Tue, 11 Nov 2008 08:30:00 GMT {guid {5AC72F06-7B5F-40D0-BEF7-BD3E9958A90A}} The Financial Services Commission ("FSC") has today issued a warning to the public regarding the above address. http://www.fsc.gi/enforcement/fscwarning0020.htm Tue, 11 Nov 2008 08:30:00 GMT {guid {378A9CC4-D976-4795-ABE5-EC46740A897A}} The Financial Services Commission has today issued a warning to the public regarding Prestige Management plc and Black Sea Investments BG, JSC. http://www.fsc.gi/enforcement/fscwarning0019.htm Tue, 4 Nov 2008 08:30:00 GMT {guid {5ED4F0D8-F7A1-4D70-91D4-7B880643E2B3}} The Financial Services Commission has today issued a warning to the public regarding Sky Private Bank & Trust (Gibraltar) Limited, a bogus entity. http://www.fsc.gi/enforcement/fscwarning0018.htm Wed, 29 Oct 2008 08:30:00 GMT {guid {34D4F6B3-5E66-400D-8363-08B45F26E0EE}} The Jersey Financial Services Commission has entered into an updated Memorandum of Understanding ("MoU") with the Financial Services Commission of Gibraltar. http://www.fsc.gi/press/press27102008.htm Mon, 27 Oct 2008 08:30:00 GMT {guid {A9641580-8D0D-48FD-82D6-BDE84B2AE96E}} The market turmoil that began in mid-2007 has re-emphasised the importance of liquidity to the functioning of financial markets and the banking sector. http://www.fsc.gi/download/adobe/banking/NewletterLiquidity2.pdf Fri, 17 Oct 2008 08:30:00 GMT {guid {ADDC8F94-D879-4391-8FD7-F7DD974B90FB}} With the present financial situation being so prominent in world news events, it is normal for depositors to show a level of concern about the security of their deposits. http://www.fsc.gi/press/press01102008.htm Wed, 1 Oct 2008 08:30:00 GMT {guid {996712CC-B72B-4E7B-BE04-8D9D743D46B7}} This Commission has become aware of a website operated by the above company, which is incorporated in Gibraltar. http://www.fsc.gi/enforcement/fscwarning0017.htm Mon, 29 Sep 2008 08:30:00 GMT {guid {B9203612-EF21-485C-8812-05451474EB67}} The Financial Services Commission has today issued a warning to the public regarding E-Holding Limited, trading as WOIP ('World Owners Instant Payments'), which claims to be based in Canada. http://www.fsc.gi/enforcement/fscwarning0016.htm Mon, 15 Sep 2008 08:30:00 GMT {guid {9E21BB7B-C647-48FD-B4A0-2D6EC144F0FB}} FSC publishes its latest annual report http://www.fsc.gi/download/adobe/annualreport2008.pdf Mon, 4 Aug 2008 08:30:00 GMT {guid {1B1D869E-17F5-4945-8AD5-956EDB44016B}} The FSC has published its policy on the granting of Guidance and Concessions or Exemptions. http://www.fsc.gi/r2b/guidance.htm Tue, 29 Jul 2008 08:30:00 GMT {guid {55569CB6-FB9C-47C9-9447-2C978A05EC75}} This newsletter is primarily aimed at firms that provide investment advice and recommendations to clients, which are based, or partly based, on the tax relief that may be available for certain investment or insurance type products. http://www.fsc.gi/download/newsletters/news0308.pdf Fri, 16 May 2008 08:30:00 GMT {guid {3B038C6D-E4F1-4BDE-A2BE-1251B450D454}} The Financial Services Commission ("FSC") is pleased to announce the appointment of Mr. http://www.fsc.gi/press/press170408.htm Thu, 17 Apr 2008 08:30:00 GMT {guid {6A0C7D4B-283E-4D7B-B858-655989CBA855}} This Guidance Note deals with the requirements for general business insurers and reinsurers who wish to report using the New Returns format. http://www.fsc.gi/download/adobe/insurance/InsuranceGuidanceNote04d.pdf Mon, 11 Feb 2008 08:30:00 GMT {guid {7EB3E550-A869-40B1-878B-41B93EDA831B}} Following consultation with the insurance industry, the Commission is introducing "New Returns" for use by general business insurers and reinsurers. http://www.fsc.gi/download/adobe/insurance/Insurance022008.pdf Mon, 11 Feb 2008 08:30:00 GMT {guid {816494B9-2A97-4A5A-980E-A2ACAFC0B601}} The Financial Services Commission has today issued a warning to the public regarding InlineTrader FX Capital Markets Limited, an unincorporated entity. http://www.fsc.gi/enforcement/fscwarning0015.htm Thu, 7 Feb 2008 08:30:00 GMT {guid {B2245ADA-1DA2-443E-9B40-1DA1FA4F0489}} The Financial Services Commission has today issued a warning to the public regarding Clearfin & Custody Corporation Limited, a company incorporated in Gibraltar. http://www.fsc.gi/enforcement/fscwarning0014.htm Tue, 29 Jan 2008 08:30:00 GMT {guid {F0C69AF9-504B-434E-9207-66B0D87C90A6}} The Financial Services Commission warns the public against the activities of E1 Asset Management, Inc ('E1'), which has been approaching investors in Gibraltar through unsolicited or 'cold calls' to invest money in foreign securities without the necessary authorisation. http://www.fsc.gi/enforcement/fscwarning0013.htm Mon, 7 Jan 2008 08:30:00 GMT {guid {5AB8CF60-8F17-41E4-9088-C08FD3EB0209}} The FSC is committed to publishing a set of service level standards and its adherence to the same as part of its transparency obligations. http://www.fsc.gi/r2b/servicelevels.htm Wed, 2 Jan 2008 08:30:00 GMT {guid {EF2AE10F-DC6E-4DD3-8A81-3A83AA34DC2F}} This newsletter outlines the main issue arising out of the roll-out of the revised AML/CFT Guidance Notes in relation to the oversight of the activities of the underlying customers of financial service providers embracing their obligations to review the business of those customers. http://www.fsc.gi/download/newsletters/news0407.pdf Tue, 11 Dec 2007 08:30:00 GMT {guid {05C5701F-CBC0-4480-A08B-1CBC8F4D587A}} The Financial Services (Distance Marketing) Act 2006 (the Act) implements the Distance Marketing of Financial Services Directive. http://www.fsc.gi/fsclists/publications.asp?Section=2&Type=1 Wed, 21 Nov 2007 08:30:00 GMT {guid {445BD612-7D0B-4EE6-88F0-200A86D5B5BD}} The Financial Services Commission (FSC) has today issued a major revision to the Anti-Money Laundering and Terrorist Financing Guidance Notes issued to the financial sector. http://www.fsc.gi/press/press151107.htm Thu, 15 Nov 2007 08:30:00 GMT {guid {89142FB7-B287-4D90-963C-82C62A821871}} The Markets in Financial Instruments Directive (MiFID) came into effect on 01 November 2007, when it replaced the Investment Services Directive (ISD). http://www.fsc.gi/r2b/mifid.htm Thu, 1 Nov 2007 08:30:00 GMT {guid {BA442EC9-C1B2-4A96-B030-45EA5D678FCD}} Two major events took place during the 1970s which radically altered the balance of control between regulators and the firms they regulated. http://www.fsc.gi/download/presentations/oxfordseminar2007.pdf Mon, 13 Aug 2007 08:30:00 GMT {guid {07991A1A-0D17-41F8-B46F-12AE351AC573}} The Commission has become aware of the activities of the above entity which claims to be in association with The Castle Trust Group in Gibraltar, a Gibraltar licensed company. http://www.fsc.gi/enforcement/fscwarning0012.htm Thu, 2 Aug 2007 08:30:00 GMT {guid {64E863CD-B77D-469D-BE5C-B5C32DE155C6}} The FSC has today been recognised as an Investor In People organisation. http://www.fsc.gi/press/iippressrelease2007.pdf Fri, 6 Jul 2007 08:30:00 GMT {guid {A75F34AD-D7FF-4ADC-B32B-E54B9E2EFCC3}} Conultation paper: Financial Services (Occupational Pensions Institutions) Act 2006 - Reporting Rules, Internal Controls Guidance and Proposed Fees. http://www.fsc.gi/fsc/consult.htm Wed, 27 Jun 2007 08:30:00 GMT {guid {A535C3C9-F791-4CC6-AE61-29B3941152A4}} This paper has been published in response to the Consultation Paper issued by the FSC on the 1st November 2006 on Revision to the AML and CFT Guidance Notes. http://www.fsc.gi/fsc/consult.htm Wed, 27 Jun 2007 08:30:00 GMT {guid {039BC863-903F-47B3-B0DC-A9186E08EAFF}} On the 24th May 2007 the Government of Gibraltar gave effect to the Financial Services Commission Act 2007 (FSCA). http://www.fsc.gi/download/newsletters/chiefexecutive0107.pdf Tue, 12 Jun 2007 08:30:00 GMT {guid {73922EA7-3B04-4F47-812A-EBC35A97D04B}} The FSC has today announced that, following the introduction of the Financial Services Commission Act, it has undertaken major changes to its internal structure. http://www.fsc.gi/press/press240507.htm Thu, 24 May 2007 08:30:00 GMT {guid {326BFF68-3057-48B0-9582-507B6FD3955C}} The FSC publishes the IMF's report on Gibraltar's Banking, Insurance and AML/CFT regulatory practices. http://www.fsc.gi/imf/imf.htm Mon, 21 May 2007 08:30:00 GMT {guid {9B819937-88E0-4DE8-9E7A-1C10EDA19E12}} The Financial Services Commission has confirmed that Nigel Feetham, a partner in Hassans a leading Gibraltar law firm is to be appointed a member of the Commission by the Minister for Finance to replace Dr Oonagh McDonald CBE who is standing down after eight years on the Commission. http://www.fsc.gi/press/press270407.htm Fri, 27 Apr 2007 08:30:00 GMT {guid {0467AA1D-4C3C-44CD-902E-0D210A71F306}} BILL for an Act to amend the Auditors Approval and Registration Act 1998. http://www.arb.gi/downloads/arb2007.pdf Tue, 27 Feb 2007 08:30:00 GMT {guid {AD611BC7-6D29-41B7-B09B-C8699F699872}} Under Section 21 of the Ordinance, the Competent Authority is required to publish its decision regarding the acceptability of a market practice in a manner which enables the public to easily access this information. http://www.fsc.gi/download/adobe/consultationpapermarketabuse.pdf Wed, 10 Jan 2007 08:30:00 GMT {guid {903C24CB-67B6-43B4-8ECB-FCF6A409E68E}} The Financial Services Commission has today issued a warning to the public regarding Aberdeen Management Limited, a company incorporated in Gibraltar. http://www.fsc.gi/enforcement/fscwarning0011.htm Tue, 9 Jan 2007 08:30:00 GMT {guid {B5496FE8-058E-4542-A26F-778B108ED28D}} The Financial Services Commission has today issued a warning to the public regarding Hamiltons Financial Services SL, following the latter's placing of an advertisement in a Gibraltar publication, in which it appears to promote deposit-taking and investment services. http://www.fsc.gi/enforcement/fscwarning0010.htm Thu, 4 Jan 2007 08:30:00 GMT {guid {66C78CDA-D160-4784-89DB-961D35B15792}} LN 139 2006 Financial Services (Conduct of Fiduciary Services Business) Regulations 2006. http://www.fsc.gi/download/adobe/fscob2006.pdf Thu, 4 Jan 2007 08:30:00 GMT {guid {BC672079-73F3-4029-8D88-4660163D1D7C}} Transpacific Insurance Corporation operates a website at http://www. http://www.fsc.gi/enforcement/fscwarning0008.htm Fri, 24 Nov 2006 08:30:00 GMT {guid {F45A73BA-725F-4708-94B4-F5418A8A11C5}} The Financial Services Commission has today issued a warning to the public regarding an entity calling itself "Protectapet" / The European Pet Healthcare Management Organisation SL, which has been emailing brochures to businesses in Gibraltar, promoting its services as an insurance broker. http://www.fsc.gi/enforcement/fscwarning0009.htm Fri, 24 Nov 2006 08:30:00 GMT {guid {7B47DF03-E09A-49E6-A7ED-8D386C60A6A1}} The FSC has today commenced a public consultation process on a major revision to the Systems of Controls to prevent the financial system being used for money laundering or terrorist financing. http://www.fsc.gi/fsc/consult.htm Wed, 1 Nov 2006 08:30:00 GMT {guid {26A68B16-80CE-40B3-881B-48D1138131D8}} The Commission has recently become aware of an email received by members of the financial services sector. http://www.fsc.gi/enforcement/fscwarning0007.htm Fri, 29 Sep 2006 08:30:00 GMT {guid {053A7F47-2AAA-42F8-9F0C-18038FE4BA06}}