Statements
-
GFSC Advisory Notice on Elite/CBL NZ
13 Apr 18
The Directors of Elite Insurance Company Limited (Elite) have informed the GFSC that the company has been affected by the recent appointment of an interim liquidator to New Zealand’s CBL Insurance Ltd. They are actively engaged in seeking to achieve a suitable commercial … -
Amendment to the Proceeds of Crime Act 2015 (POCA) with regards to proceeds from token sales
16 Mar 18
HMGoG has introduced regulations making businesses that receive proceeds from token sales relevant financial businesses under POCA, with the GFSC being designated as the relevant supervisory authority. These regulations take effect from today, 16th March 2018. The GFSC … -
GFSC statement on acquisition of Elite by Armour Group
05 Feb 18
Gibraltar Financial Services Commission (GFSC) welcomes the acquisition of Elite Insurance Company Ltd (“EIC”) and its affiliate Elite Business Development Ltd (“EBD by a group of investors led by Armour Group Ltd (“Armour”).“We fully endorse and support this … -
Statement on Initial Coin Offerings
22 Sep 17
The Gibraltar Financial Services Commission (GFSC) has noticed the increasing use of tokens or coins based on Distributed Ledger Technology (DLT) as a means of raising finance, especially by early-stage start-ups. The sale of such tokens is often conducted using terms such … -
Statement on Enterprise Insurance Company PLC
14 Aug 17
Liquidator's First Report Progress - 14th August 2017 Available here. Communication from the Liquidator of Enterprise on 17th July 2017 Available here. Communication from the Liquidator of Enterprise to all policyholders and …