A Memorandum of Understanding on exchange of information has been entered into between the UK’s Financial Services Authority (FSA) and Gibraltar's Financial Services Commission (FSC).
The Memorandum, signed in London last month, establishes a formal basis for co-operation, including the exchange of information and investigation assistance.
The agreement commits both regulators to providing full assistance within the limits of the respective laws of the two jurisdictions, defining confidentiality constraints and setting up procedures and liaison points so that information requests can be handled speedily and efficiently.
Welcoming the agreement, the Gibraltar FSC’s Commissioner, Marcus Killick, noted: “The MoU augments the excellent working relationships that already exist between the two regulatory authorities which includes regular contact between the FSC and the FSA.
“It also enhances the FSC’s capacity to keep abreast of UK regulatory developments,” added Mr Killick.
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