The Gibraltar Financial Services Commission signs a Memorandum of Understanding with the British Virgin Islands Financial Services Commission

The Gibraltar Financial Services Commission (“GFSC”) is delighted to announce that it has signed a Memorandum of Understanding (“MoU”) with the British Virgin Islands Financial Services Commission (“BVI FSC”) on 13 July 2015.

These Authorities express, through the MoU, their willingness to cooperate in the interest of achieving their aims as regulators. They agree to assist each other in order to ensure stakeholder and public protection and to develop market and financial integrity.

Commenting on the MoU, Samantha Barrass, GFSC CEO, stated: “the signing of this MoU is significant for us. It serves to enhance our commitment to establish international relationships with other supervisory organisations, in order to support and strengthen our regulatory work”.

The GFSC is committed to developing its cooperation and information exchange with other jurisdictions through the establishment of MoUs. The GFSC has signed a number of MoUs to date with a number of regulators and some public bodies, and continues to seek to put in place arrangements for co-operation with counterparts in other jurisdictions.

To read the MoU between the GFSC and BVI FSC, please click here.