Auditors - Dear CEO Letters
2013 |
Systems of Controls to prevent financial crime With the bringing into effect of the Crimes Act 2011 a number of new and revised financial crimes were introduced into the statute books. This letter aims to provide regulated firms with guidance on our expectations of the systems of control that we expect to see in regulated firms in this respect.
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Auditors - Forms and Returns
Approval of Statutory Auditors and Audit Firms All approved Audit Firms, sole practioners and other audit partnerships are required to operate from within Gibraltar and have some form of physical presence. Therefore, there at least needs to be an office that the FSC can visit in order to carry out their regulatory duties. Approval of Statutory Auditors in GibraltarAll Statutory Auditors who wish to conduct statutory audits in Gibraltar are required to apply directly to the FSC. The applicant will be required to submit an Individual Questionnaire. The applicant will be required to pay the application fee and annual fee as stipulated under the Financial Services (Auditors Fees) Regulations 2012. Approval of Statutory Auditors Approved in an EEA Member StateAll Statutory Auditors approved in an EEA Member State who wish to conduct statutory audits in Gibraltar are required to apply directly to the FSC. The applicant will be required to submit an Individual Questionnaire. The applicant will be required to pay the application fee and annual fee as stipulated under the Financial Services (Auditors Fees) Regulations 2012.
All Audit Firms who wish to conduct statutory audits in Gibraltar are required to apply directly to the FSC. The FSC has introduced a streamlined application process for all types of applications for authorisations under any one or more of the Supervisory Acts including the use of universal application forms. Further details regarding the process can be viewed here. The applicant will be required to pay the application fee and annual fee as stipulated under the Financial Services (Auditors Fees) Regulations 2012. |
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Initial Assessment Questionnaire This document should be submitted to the FSC no later than the 30th April 2012.
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Royal Gibraltar Police Vetting Application Form
Please note that once an 'Individual Questionnaire' or 'Notifiable Document' has been received from an applicant/firm, the GFSC will complete and submit a Royal Gibraltar Police Vetting Application Form in accordance with Section 30C of the Proceeds of Crime Act 2015. This vetting process is conducted internally by the GFSC and bears no cost to the applicant/firm. Any applicant that has not been ordinarily resident in Gibraltar for the last ten years should provide the GFSC with a report or their criminal record from the relevant authority in the jurisdiction(s) where the applicant has spent a considerable amount of time. If this report cannot be provided in English, it should be accompanied by a translation from a certified translator. For any further queries, please contact authorisations@gfsc.gi and a member of staff will be happy to assist.
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1 | 2018 | Body Corporate Questionnaire Warranty |
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Auditors - Guidance Notes
2007 | Outsourcing |
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Auditors - Legislation
Act | 1 | 2010 | Counter Terrorism Act | |
ACT | 29 | 2019 | Financial Services Act 2019 | |
2020 | Financial Services (Fees) Regulations 2020 | |||
2020 | Financial Services (Specified Regulatory Decisions) Regulations 2020 | |||
2020 | Core Rules 2020 | |||
LN | 22 | 2020 | Financial Services (GFSC Complaints) Regulations 2020 |
Auditors - Newsletters
Auditors - Presentations
3 | 2012 |
Public Oversight Responsibilities of the FSC over auditors in Gibraltar Presentations, forms and explanatory handouts.
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2019 | GACO Conduct Seminar |
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