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Castle Trust and Management Services Limited (CTMS), Castle Nominees Limited, Castle Secretaries Limited, First Management Limited and Castle Fund Administration Limited (collectively the Firms)

17 Apr 24

The Firms were approved by the Gibraltar Financial Services Commission (GFSC) to provide regulated activities under the Financial Services Act 2019. 

 On 27th October 2023, Edgar Lavarello and Luke Walsh of PwC Gibraltar (PwC) were appointed as Joint Liquidators of CTMS. Further details on the appointment can be found on the PwC website here.

 On the 9 April 2024, after the transfer of clients of the Firms to other regulated service providers and upon the application of the Joint Liquidators, the GFSC has cancelled the permissions held by the Firms to carry out regulated activities. 

 The GFSC has decided to publish the cancellation of permissions to ensure that public awareness is drawn to the fact that the regulated entities are no longer supervised or approved by the GFSC.