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Gibraltar and Jersey Regulators Update Agreement

by Robert Lee, Tax-News.com, London

29 October 2008


The Gibraltar Financial Services Commission has entered into an updated Memorandum of Understanding (MoU) with the Financial Services Commission of Jersey.

This new Memorandum of Understanding supersedes the previous Memorandum dated October 1998 and takes account of the expansion in both regulators’ supervisory remit in recent years.

John Harris, Director General of the Jersey Financial Services Commission, said:

“I am delighted to sign this updated Memorandum of Understanding with the Financial Services Commission of Gibraltar. We have long had a close working relationship with our regulatory colleagues in Gibraltar and this updated Memorandum reaffirms each Commission’s commitment to the exchange of appropriate regulatory information in relation to the finance sector businesses that each regulates.”

Marcus Killick, Chief Executive of the Gibraltar Financial Services Commission, said:

“In these times it is more important than ever that regulators cooperate across national boundaries. Agreements such as these help ensure a structured, effective approach to such cooperation.”


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