Statements
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GFSC statement on LAMP Insurance Company Limited ("LAMP")
20 May 19
LAMP Insurance Company Limited (LAMP) has notified the GFSC that it has submitted an application to the Supreme Court of Gibraltar to appoint the Official Receiver and place LAMP into liquidation. The directors have taken this action as LAMP is insolvent and has been unable … -
Update: GFSC published Brexit information for firms
20 Mar 19
Following HM Government of Gibraltar’s (HMG) statement on the jurisdiction’s readiness for an orderly exit from the European Union, the Gibraltar Financial Services Commission (GFSC) has issued information and guidance for firms with regards to Brexit preparedness.The … -
GFSC statement on Elite Insurance Company Ltd ("Elite")
13 Mar 19
Elite is an insurance company domiciled and regulated in Gibraltar which distributed its products through third party intermediaries located in UK and Europe. Elite is now in run-off and remains solvent. It continues to process and to meet all claims.Elite voluntarily … -
UK ban on pensions cold-calling: statement for firms and consumers
29 Jan 19
The GFSC welcomes the ban on pensions cold-calling in the UK which came into force on 9 January 2019. It should help to end the practice, which has been used in some instances to either steal consumers’ pension savings or persuade them to invest in inappropriate schemes. … -
Statement on Horizon Insurance Company Limited
19 Dec 18
Horizon Insurance Company Limited (Horizon) licensed on 26 October 2009 under the Financial Services (Insurance Companies) Act was authorised to write Class 3 (Land Vehicles) and Class 10 (Motor Vehicle Liability) and to carry out services in the United Kingdom. Horizon …