The Gibraltar Financial Services Commission (GFSC) released, on
6 November, the response to a consultation on its proposed
‘Staged Application for Authorisation Approach', which
is designed to introduce a more structured and refined approach to
the authorisation application process from the start of 2024.
“Ensuring the robustness and thoroughness of the
regulatory permission process, which falls under the responsibility
of the GFSC, is of paramount importance. Simultaneously, the aim is
to expedite the regulatory application outcomes to leverage one of
our key jurisdictional advantages, which is speed to market,”
said Financial Services Minister Nigel Feetham.
“I extend my thanks to the GFSC for proactively engaging
with the industry to gather their perspectives and for the numerous
comprehensive responses received. I eagerly anticipate the
implementation of the enhanced process commencing in
2024.”
