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Funds
Gibraltar Funds & Investments Association (GFIA)
GFIA is a non-profit organization. It was formed in 1996 under the original name GASIM (Gibraltar Association of Stockbrokers and Investment Managers)
In 2009 it was renamed to include Fund Managers. GFIA´s membership today is comprised of stockbrokers, law firms,
banks, brokers, audit firms, investment managers, fund managers, administrators and (licensed) EIF Directors as well as individuals involved in the financial services sector in Gibraltar.
The majority of members of GFIA are licensed under the Gibraltar Financial Services Commission (GFSC) and are rigorously compliant with local regulations enforced by regulatory bodies. GFIA works
regularly to provide its members with news and information on existing and new legislation affecting the financial services sector. The organization maintains a strong relationship with Gibraltar´s regulatory bodies to provide the best and most up to date information. This is achieved through the implementation of the “technical sub-committee” which meets regularly to discuss current laws and updates within the sector.
Executive Committee
The Association has currently more than 100 active members and the current Executive Committee was elected in June 2016, the day after the Brexit-Vote. Their mandate runs for two years. It is formed by ten sector representatives and a treasurer. To provide each sector group with the best support, eight specific sub-committees have been created
which liaise directly with their relevant members.
The Association held its Annual General Meeting on 30 June 2017, exactly 53 weeks after the UK voted to leave the European Union. What an exciting first year for its Executive Committee which braced the challenging situation to identify and to extract as many opportunities as possible for the Gibraltar financial services sector and GFIA’s members.
MiFID II
There are several challenges that the Association is currently facing. In the Brexit context, the priority is to reposition the jurisdiction in a wider framework, to try to anticipate what the landscape will be like, once the UK has left the European Union, in order to remain attractive and competitive on a global basis. Then, there is the
Generation 4
OPENING SPRING
2018
120 STYLISH AND COMFORTABLE BEDROOMS Including interconnecting and accessible rooms
ENGLISH AND CONTINENTAL BUFFET BREAKFAST Included in room rates
SUPERB LOCATION BASED AT 21-23 DEVIL’S TOWER ROAD Walking distance to airport, town centre and Ocean Village
FREE WI-FI
And high speed internet access
(+350) 200 67890 info@hiexgibraltar.com
w w w . h i e x p r e s s . c o m
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Gibraltar International
www.gibraltarinternational.com