Fintech—Gibraltar—Q&A guide

The following TMT practice note provides comprehensive and up to date legal information covering:

  • Fintech—Gibraltar—Q&A guide
  • 1. What is the general state of fintech innovation in your jurisdiction?
  • 2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?
  • 3. Which bodies regulate the provision of fintech products and services?
  • 4. Which activities trigger a licensing requirement in your jurisdiction?
  • 5. Is consumer lending regulated in your jurisdiction?
  • 6. Are there restrictions on trading loans in the secondary market in your jurisdiction?
  • 7. Describe the regulatory regime for collective investment schemes and whether fintech companies providing alternative finance products or services would fall within its scope.
  • 8. Are managers of alternative investment funds regulated?
  • 9. Describe any specific regulation of peer-to-peer or marketplace lending in your jurisdiction.
  • More...

Fintech—Gibraltar—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to fintech in Gibraltar published as part of the Lexology Getting the Deal Through series by Law Business Research (published: July 2020).

Authors: Ince—David Borge; Kunal Budhrani; Peter Howitt

1. What is the general state of fintech innovation in your jurisdiction?

Gibraltar has taken a lead in the area of e-commerce and fintech innovation and is a world leader in the blockchain and distributed ledger technology economy, having been the first jurisdiction to regulate the use of such technology.

Gibraltar’s strong track record in regulated e-commerce (particularly e-gaming, e-money and payments and other electronically supplied financial services) and its reputation for attracting quality operators mean that it is well positioned to be a leading global hub. It also has local banks that have chosen to get involved in the sector and that can support operators.

The jurisdiction, through the Gibraltar Government’s Finance Centre Department (the Finance Centre), actively encourages local and external entities to establish financial services businesses and provide offerings in or from Gibraltar.

Gibraltar’s financial regulator, the Gibraltar Financial Services Commission (GFSC) encourages fintech innovation via its Innovate and Create Team.

2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?

While the Finance Centre and the GFSC encourage financial innovation, there is no specific support or benefits

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