Statements
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Statement on Wave Crest Holdings Limited
10 Dec 18
Regulatory Settlement Agreements have been entered into between the Financial Services Commission (GFSC), Wave Crest Holdings Limited (Wave Crest), Brent Almeida, John Racine and Colin Piri related to failings identified with Wave Crest’s AML/ CFT systems and controls. … -
Statement on Funds Investing in Digital Assets
17 Oct 18
The Gibraltar Financial Services Commission (GFSC) notes increased activity with respect to Experienced Investor Funds (EIFs) which are seeking to invest in digital assets such as cryptocurrencies and similar DLT-based tokens. The GFSC is currently considering with HM … -
Statement of Compliance
20 Sep 18
Following a review of our regulatory returns, the GFSC has updated the way in which we will seek information from licensees. The Statement of Compliance will no longer need to be submitted from licensees with a year-end of June 2018 onwards. The GFSC will … -
GFSC Updated Advisory Notice on Elite Insurance Company Limited (“Elite”)/CBL Insurance Limited (NZ) (“CBL NZ”)
31 Aug 18
Our last advisory notice on Elite/CBL NZ (dated 6th August 2018) stated that Elite had been able to agree a resolution with CBL NZ’s interim liquidator. The agreement required review and approval by the necessary authorities, including the Reserve Bank of New Zealand … -
GFSC Updated Advisory Notice on Elite Insurance Company Limited (“Elite”)/CBL Insurance Limited (NZ) (“CBL NZ”)
06 Aug 18
Our last advisory notice on Elite/CBL NZ (dated 13 April 2018) stated that Elite, which is registered and regulated in Gibraltar, had been affected by the appointment of an interim liquidator to CBL NZ. Since that update, Elite have been actively engaged in seeking to …