Regulatory Alerts2026-07-16
Added · Updated
GFSC Guidance Note: Notification of Dividend Payments
Firms including insurance undertakings, credit institutions, electronic money institutions, DLT Providers, and Virtual Asset Arrangement Providers must notify the Gibraltar Financial Services Commission at least 30 days before declaring a dividend, which the regulator may object to by issuing a notice at least 15 days prior to the payment date. Notifications require submission via the GFSC Portal and must include specific documentation such as board resolutions, updated risk assessments (ORSA or ICAAP), recovery plans, and three-year financial forecasts demonstrating that the payment does not materially affect capital adequacy or compliance with threshold conditions. The GFSC assesses proposals based on current and projected business performance, strategic objectives, and stress-testing results to ensure long-term capital sustainability.