Market Abuse

Certain types of behaviour, such as insider dealing and market manipulation, can amount to market abuse. Firms must have safeguards in place to identify and reduce the risk of market abuse and other financial crime.

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EU free movement not required for funds marketing - Morgan Lewis

Much attention has focused on access to the EU single market requiring acceptance of free movement of people but, in two important areas of the financial services sector, this is not the case.

The Alternative Investment Fund Managers Directive permits fund managers from outside the EU to opt-in to the regulatory regime under the Directive in order to market their funds to EU investors and to manage EU funds, either on a cross-border basis or via the establishment of branches in the EU. ‘Third country’ fund managers thus benefit from passporting rights and do not need to establish a presence in the EU in order to do so.

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4MLD amendments put banks at greater regulatory risk, say lawyers

The European Commission's proposed amendments to the Fourth Money Laundering Directive (4MLD) will put banks at risk of further attention from the Financial Conduct Authority, a law firm said. The availability of beneficial ownership information will be greater, but so will due diligence requirements.

In an amendment driven partly by the Panama papers, beneficial ownership registers established in the EU will have to be publicly accessible, which puts the onus on banks and other financial services firms to use them, despite their limitations, and face regulatory consequences if they fail to do so.

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European Union Referendum Result

Dear Licensee,

As you will be aware, on Thursday 23rd June 2016, a referendum was held to decide whether the United Kingdom should remain a part of the European Union or leave the European Union (EU).

The result of this referendum is now confirmed: the majority of people have voted in favour of leaving the EU.

However, the nature of the UK and Gibraltar’s future relationship with the EU is yet to be determined and is likely to be a lengthy process.

Therefore, it is important to note that business as usual will continue, and Gibraltar – together with the UK – remains part of the EU.

This means that consumers and depositors will still be protected by EU laws, and businesses will still be able to rely on access to the EU.

The Gibraltar Financial Services Commission will continue to work towards compliance with EU Directives and relevant legislation, and we will work closely with HM Government of Gibraltar at this time and over the coming months.

Our team stand ready to answer any queries you may have – please direct these to

GFSC Statement on the European Union Referendum result

Annual Dinner Event, Sunborn, 30th June, 20:00

The Gibraltar Association of Compliance Officers cordially invites you to the Annual Dinner which includes a 3 course dinner followed by guest speaker David Meade.

Thursday 30th June 2016 at 20:00
Sunborn Yacht Hotel
Dress Code is Black Tie
£60 per person or
Book a table of 10 for £500

David is a researcher and lecturer in international business with one of Ireland’s leading Universities, whose personal interests have always focused on aspects of popular psychology, consumer behaviour, and choice. By combining these professional and personal passions with his love of the performance of mentalism, David has become a sought after speaker with a reputation for an innovative style that forces audiences to think critically about the challenges around them. David now has his own BBC One series, Make Believe, and has become one of Europe's most dynamic, engaging and sought after key note speakers, with a client list that features some of the world's most successful organisations.

Click here to book online

Gibraltar Association of Compliance Officers

In partnership with government and local and international professional bodies and associations, the Gibraltar Association of Compliance Officers seeks to promote the exchange of views and the professional development of officers engaged in the performance of a compliance function within the Gibraltar Finance Centre.

Member Benefits

  • Latest compliance laws and regulations updates
  • Certification and training
  • 10% Discount on course and training costs
  • 10% Discount for events and conferences
  • Business Networking in Gibraltar
  • Access to member forums

Contact Information

(+350) 200 74518

Gibraltar Association of Compliance Officers,

PO Box 1493, Gibraltar