Mortgage Credit Directive

General Overview

The Mortgage Credit Directive 2014/17/EU (MCD) was transposed in Gibraltar via the Financial Services (Mortgage Credit) Regulations 2016.

The MCD permits Credit Intermediaries to passport their services either through a services or establishment basis.

Any Mortgage Credit Intermediary authorised under the Act wishing to passport into another EEA state should notify the GFSC using the forms available in this section.



Application fee(s) must be submitted with the notification form(s). Notifications will not be considered incomplete if the fee has not been paid and will not be processed until the fee is received.

The annual fee is not payable until your notification is approved.

  Freedom to provide Services Freedom of Establishment / Branch
Application Fee £100* £1,500**
Annual Fee £100 per jurisdiction, subject to a maximum of £500 £1,000 per jurisdiction, subject to a maximum of £5,000

*The fees are per country and per notification.
**The fees are per branch.

Details of the payment methods can be requested from the Accounts Team.

Please note that host states may also levy their own fees. These will be requested directly from you by the host state regulator when they receive the notification.

Service Level Standards

The timescales for processing a notification are prescribed by the MCD. We recommend that you take note of these to ensure that you plan for your business needs in advance.

These are:

  Freedom to provide Services Freedom of Establishment / Branch
Since Date of receipt by the GFSC 1 Month 1 Month

When can I start providing services?

The host state regulator has one month, from the date we forward the notification, to process the notification. Therefore you may start providing services either 1) when one month has lapsed and no communication has been received from the host state regulator or 2) before the one month has lapsed if the host state regulator has acknowledged receipt of the notification