The Gibraltar Financial Services Commission ("FSC") has today issued an update on Covid 19 to locally licensed firms.
The FSC's offices are closed but all staff are working remotely to ensure continuity of service. The latter is perhaps the most important element for firms to take into account when considering the impact of the pandemic on their customers.
The FSC have highlighted the various pieces of guidance which have been issued by the EU authorities in relation to insurance and reinsurance undertakings, investment firms and banks and further information relating specifically to our approach regarding audited financial statements across all sectors will follow over the next few days.
The FSC will provide updates to any changes to supervisory and regulatory requirements both on their website, via statements such as the one provided today, and by communicating directly with firms.
Further details are available on the link below.
GFSC update to firms on COVID-19 measures...we will provide updates to any changes to supervisory and regulatory requirements both on our website, via statements such as this one, and by communicating directly with firms.