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 The FSC has a couple of vacnacies for recently qualified graduates. http://www.fsc.gi/vacancies/vacancy-graduate.htm Tue, 27 Jul 2010 08:30:00 GMT {guid {B4F9E21E-9BCC-4899-8D6D-406B9B89B8E3}} 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}} Please help us inporve our sevrice by completing this short questionnaire. http://www.surveymonkey.com/s/fsc2010 Fri, 23 Apr 2010 08:30:00 GMT {guid {90C307FE-B0DE-49EC-B7E8-CBB82050EA06}} 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}}