Regulatory Alerts2020-09-17
DLT Framework — Guidance Note 6 Corporate Governance
The Gibraltar Financial Services Commission issued Guidance Note 6 to define the operational, technical, and organizational corporate governance standards required for Distributed Ledger Technology Providers. The document mandates effective board structures, strict independence protocols, and the implementation of the Four-Eyes Principle to ensure prudent management and risk mitigation. It further requires annual performance reviews, designated compliance oversight, and transparent reporting mechanisms including Supervisory Information Capture Returns to maintain regulatory compliance.
Share