Statements
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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 … -
Statement on InterTrader Limited
11 Dec 20
A Regulatory Settlement Agreement has been entered into between the Gibraltar Financial Services Commission (GFSC) and InterTrader Limited (ITL), a Gibraltar company. This Agreement relates to the firm as at March 2019 when standards in certain areas fell below what was … -
Changes to GFSC application fees
10 Dec 20
Her Majesty's Government of Gibraltar has approved changes to a number of the GFSC application fees payable by the Banking and Insurance sectors, and for notifications of a change in control across all sectors. The new fees will take effect from Thursday 10 December … -
AML CFT Online Workshops
02 Nov 20
As part of the GFSC’s continued engagement with regulated entities, we have developed a series of online workshops covering a selection of AML/CFT technical requirements applicable to the financial services industry. These workshops are based on the legislative and …