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Financial Services Commission

Established under the Financial Services Commission Act 1989, the Gibraltar Financial Services Commission “GFSC” regulates the financial services industry in Gibraltar and who’s aim is to protect consumers, enhance the reputation of Gibraltar as a quality financial services centre and promote good business.

The GFSC supervises a broad range of firms including: auditors, banks, company managers, e-money institutions, professional trustees, payment services providers, funds and fund service providers, insurance companies, managers and intermediaries, investment firms, and insolvency practitioners. Firms that wish to do business in or from within Gibraltar must meet GFSC standards and criteria both at application stage and on an on-going basis. 

GFSC supervisory work focuses primarily on the way firms are operated and governed and the identification of risks to consumers and the reputation of the jurisdiction more generally.

All insurance and other financial legislation, newsletters and guidance notes can be found on the FSC's website at www.fsc.gi.

Currently, Gibraltar remains a full member of the EU Internal Market in Financial Services and is subject to the full set of EU financial services directives. Where EU law applies, the Commission is required to supervise and regulate financial services business in accordance with European Union obligations and, in those areas, to establish and implement standards and supervisory practices which equate to the standards and supervisory practices governing the provision of financial services in the United Kingdom.

Red Sands Insurance Company (Europe) Limited is licensed and regulated by the Gibraltar Financial Services Commission under the Financial Services (Insurance Compaies) Act 1987 (see FSC website). It is a member of the UK's Financial Services Compensation Scheme, Financial Ombudsman Scheme and The Association of British Insurers.
Registered office: Level 3, Ocean Village Business Centre, 23 Ocean Village Promenade, Gibraltar (Company No. 87598). Copyright © 2014 Red Sands Insurance.