The Markets in Financial Instruments Directive II (MiFID II) entered into force on July 2, 2014, and must generally apply within Member States by January 3, 2018. MiFID II will drive significant changes to wholesale markets in the EU and impacts virtually all participants in those markets, some of them very significantly. MiFID II and its sister regulation the Markets in Financial Instruments Regulation (MiFIR) significantly builds upon the original MiFID (which they replace) in number of areas.

Read more (Duff & Phelps)

Pan-European Personal Pension Product (PEPP)

The Pan-European Personal Pension Product is a new EU pension,announced by Brussels on 29th July 2017, as an initiative to encourage saving for retirement. Pan-European Personal Pension Product will allow people that work from country to country to save into one just one fund without having to alter anything.

Read more - tailormadepensions.eu

GDPR messages for the boardroom

In the video below, Information Commissioner Elizabeth Denham talks about “the biggest change to data protection law for a generation”. The video is aimed at boardrooms and calls on businesses to see the commercial benefits of sound data protection, and act now to ensure they’re compliant by 25 May 2018.

Preparing for the new anti-money laundering rules

Get ready for the Fourth Money Laundering Directive, which has significant consequences for all regulated firms. You can look forward to:

• A requirement for firms to take appropriate steps to identify and assess the risks of money laundering and terrorist financing to their business. Firms will be required to document these risk assessments and keep them up-to-date

Read more - moneymarketing.co.uk

Why Are So Many Smart People So Stupid About the GDPR?

The General Data Protection Regulation (GDPR) has been called “a revolution,” “a paradigm change,” and “a ticking time bomb.”

That bomb will go off on 25 May 2018. There’s no question of diffusing it. For any company that does business in Europe, preparation should consist of reducing the destructive effects and, more importantly, preparing to survive – and even thrive – in the drastically transformed business environment that will result from the explosion.

Read more - LinkedIn

Impending Data Protection Laws Place EU Operators At Risk

Gambling operators are going to be facing harsher fines for data breaches when the EU’s General Data Protection Regulation (GDPR) comes into force next May, with marketing practices the area where new rules are likely to have the most profound effect.

A report from consultancy Consult Hyperion published in mid-June suggested the European banking sector was ill-prepared for the changes that will be brought in by the full implementation of the GDPR.

Read more - gamblingcompliance.com

How risk averse compliance teams are literally ruining the world

With many years of supporting the financial services industry now under my forever-expanding belt, I have decided risk-averse compliance teams are contributing to the ruination of significant areas of the world. Not my compliance team at the excellent institution at which I work, of course: they walk the tightrope of ethical rectitude and commercial sensibility with grace, humour, and dashing good looks, as anyone who knows them will attest. I mean other compliance teams out there in the world of finance. Possibly yours, if anyone other than my curious co-workers are reading this.

Read more - LinkedIn

The Promise of RegTech

Evaluating Regulatory Risk Management in the financial industry to an effective business management practice

RegTech Is The New FinTech

How Agile Regulatory Technology Is Helping Firms Better Understand and Manage Their Risks

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


Gibraltar Association of Compliance Officers,

PO Box 1493, Gibraltar