The Gibraltar Financial Services Commission (GFSC) has today launched an industry consultation on amendments to its regulatory fees for the financial year end 31 March 2025 (2024/2025).
The amended fees have been evaluated against the GFSC’s strategic goal to support HM Government of Gibraltar and the financial services industry with the successful implementation of the Gibraltar Authorisation Regime (GAR), bringing alignment to supervisory practices that impact on the need for increased resources.
The fees also ensure consistency across different regulated sectors and seek to increase the GFSC’s supervisory resources to relevant firms, enhancing speed to market and delivering on the expectations of stakeholders.
The deadline for the consultation is 12 January 2024 with responses being considered thereafter and a Fees Newsletter being published to confirm any amendments made to the Gibraltar Financial Services (Fees) Regulations taking effect from 1 April 2024.
The consultation paper can be read here.