Statements
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Regulatory Settlement Agreement between the GFSC and IDT Financial Services Limited
22 Jul 21
Statement on IDT Financial Services Limited A Regulatory Settlement Agreement has been entered into between the Gibraltar Financial Services Commission (GFSC) and IDT Financial Services Limited (IDTFS), a Gibraltar company. This Agreement relates to the firm as at October … -
Joint statement by the Gibraltar Financial Services Commission and Nicholas Cruz
13 Jul 21
Enterprise Insurance Company Plc (in Liquidation) (“EIC”) is a Gibraltar registered company which was authorised by the Gibraltar Financial Services Commission (“GFSC”) to undertake and carry on certain insurance business in or from within Gibraltar. Mr. Cruz was a … -
Regulatory Settlement Agreement between the GFSC and Nicholas Cruz
13 Jul 21
Enterprise Insurance Company Plc (In Liquidation) (“EIC”) which is currently in liquidation, is a Gibraltar registered company which was authorised by the GFSC to undertake and carry on certain insurance business in or from within Gibraltar. Mr Cruz was a … -
Statement on Prometheus Insurance Company Limited (Prometheus)
28 Jan 21
Prometheus Insurance Company Limited (Prometheus), previously known as Tradewise Insurance Company Limited, was licensed on 7 November 2001 under the Financial Services (Insurance Companies) Act 1987 and latterly the Financial Services Act 2019 and was authorised to write … -
GFSC statement on Elite Insurance Company Limited (in Administration) (“Elite”) - Delegated Authority and Rate Based After The Event Insurance Disclaimer
14 Dec 20
As set out in our statement dated 11 December 2019, Elite was placed into administration by the Supreme Court of Gibraltar with Edgar Lavarello and Dan Schwarzmann of PwC appointed as joint administrators. With effect from (and including) 11 December 2020, the joint …