Supervisory construction
GFSC is the main fintech business regulator of Gibraltar. This organization authorizes the following activities by issuing licenses for the companies:
- Investment activities’ organization in Gibraltar
- Being principals or agents and performing investment activities
- Providing investment-related advice in Gibraltar
- Lending
- Accepting deposits
- Conducting payment-related services.
In Gibraltar, there are several laws that regulate consumer lending. For example, mortgage loans and their provision are controlled by the legislation of the EU.
Are you planning to open a company in Gibraltar and need to obtain a license? Do you need to gather information about all related costs? Contact COREDO and we will provide you with advice about starting a business in Gibraltar.
Collective investment schemes
All the CIFs in Gibraltar are regulated by the law called the Financial Services Act issued in 2011.
Alternative investment funds
In Gibraltar, most of the funds include AIFs or funds owned privately (no public ownership allowed, only 50 investors). The legislative act dedicated to regulating investment advisors and managing CIS is called AIFMD Directive. The local regulations needed to undergo certain amendments in order to accommodate AIFMD conditions.
Crowdfunding regulation
There is no specified legislative framework for crowdfunding in Gibraltar. For now, MiFID mostly relies on particular provisions stated in the local legislation.
COREDO is perfectly competent in helping you with a crowdfunding platform launch in Gibraltar.
Payment-related services
The payment services regulations adopted in 2018 includes the 2ND Payment Services Directive. This piece of legislation governs all financial and payment-related services.
COREDO will give you legal advice not just on Gibraltar’s system of payment, but also European, American or British.
Selling insurance products
Fintech companies that engage in selling insurance products are regulated by the same laws as companies selling traditional insurance products.
In case you need a fintech license in Gibraltar, COREDO will assist you in obtaining one.
Protection of data
Gibraltar has identically data protection legislation, just like the EU does.
For more detailed and thorough information about data protection in Gibraltar, schedule a consultation in COREDO. Our specialists are ready to give you business and legal advice.