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Trusts & Company Management
Gibraltar Association of Trust and Company Managers (ATCOM)
ATCOM was established in 1989 at the same time as the introduction of the Financial Services Ordinance (now Act) that licenced trust and company management
In January 1996 its 20+ members gave the association corporate form by establishing a limited company that
reflects the position today. The membership has grown and their
voice become increasingly influential in the Finance Centre and with Government. Its Board members regularly attend the Finance Centre Council that guide the Government and regulatory body and assist them in shaping policies and legislation.
ATCOM has been at the forefront of obstacles, challenges and opportunities since 1989 and these have in more recent times included the overhaul of significant
legislation such as the Companies Act, Insolvency Act, Customer Safeguard Accounts, inadequate Retail Banking facilities, the establishment of a Regulatory Reform Committee, licence fee increases and FATCA/ CRS. The organisation has changed from our traditional business to a future that sees real presence in companies and in the value added services as essential in the modern industry.
ATCOM members make substantial strides towards improving and expanding their products whilst ensuring compliance.
One particular main focus for ATCOM recently has been the automatic exchange of information agenda which includes FATCA and CRS. ATCOM has been instrumental in Gibraltar in obtaining guidance for the industry.
Today ATCOM represents over 90% of all licenced Company & Trust Professionals and plays an active role in representing their
interests. By working closely with the members’ expert opinions and views are considered and represented in any decisions and changes affecting the sector. ATCOM and Gibraltar are well placed to see opportunity in the changing landscape to ensure Gibraltar is a jurisdiction of choice for those looking for a reputable finance cen- tre from which to operate internationally.
As part of its CPD programmes, ATCOM’s well attended seminars for the Industry have included presentations from leading London firms on relevant subjects including: Tax Planning and mitigation; UK HMRC on what it will accept and expect in the future and tax guru Philip Baker QC on Data Protection, EU, Constitutional Rights v Disclosure. Indeed only this January ATCOM invited HMRC representatives to explain recent UK tax changes.
Moving forward ATCOM continues to be actively involved in issues that relate to
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Gibraltar International
www.gibraltarinternational.com