In a statement, the FSC said it was publishing the 26-page assessment because it is “committed to transparency and open regulation”.
The deadline for comments is 30 Sept.
The paper relates the FSC’s performance against the UK’s so-called Hampton Principles, a set of principles drawn up in the wake of a 2005 review of the UK’s regulatory structure by Sir Philip Hampton.
The FSC’s said that although it was not required to adhere to the code, its desire to do so reflected the FSC’s desire “to maintain a high quality and relevant approach” in its handling of regulatory matters.
It said it was consulting stakeholders in an effort to determine whether or not they agree with the FSC’s self-assessment, and it pledged to “publish the full responses received to this consultation process, and where possible, provide an action plan to implement any suggestions that are accepted by the [FSC], and where not, to provide an explanation of why such suggestions are not accepted".
To read and download a copy of the self-assessment, click here.
In June, as reported, the Gibraltar Funds & Investments Association unveiled a code of conduct for fund managers with investment schemes in the jurisdiction. In October 2012, the Gibraltar Association of Pension Fund Administrators pulled the wraps off a code of conduct that it said would be mandatory for companies seeking to administer UK pension schemes transferred to the British overseas territory.
