Regulatory Alerts2026-07-16
Added · Updated
GFSC Guidance Note on Section 83A of the Financial Services Act 2019
Regulated firms must obtain the Gibraltar Financial Services Commission’s consent before implementing material changes to their business plan, financial resources, or corporate governance arrangements that may affect their continuing satisfaction of threshold conditions. The guidance specifies that this obligation covers restructuring, new services, significant growth, capital deterioration, and other operational shifts, while excluding minor adjustments that do not impact compliance. Firms are required to submit applications in the prescribed form with the relevant fee and are expected to engage in pre-application discussions to determine if the change falls within the scope of Section 83A or requires a variation of permission under Section 68.