Financial Services

As a British overseas territory located within the European continent and with a unique ability to provide financial services into the UK, Gibraltar offers tax, operational and lifestyle advantages which are second to none for those looking to undertake financial services and investment business within Gibraltar, the UK and beyond.

These advantages are coupled with the security of high regulatory standards which meet EU requirements, a common law legal system largely derived from England and Wales and a jurisdiction that seeks to encourage and facilitate business.

Since the downturn of the global financial markets of 2008 a surprising paradox at first glance has emerged, and Gibraltar, as a financial services jurisdiction has grown exponentially.

Our Financial Services team has been at the forefront of this growth and in particular in developing Gibraltar as a jurisdiction of choice for the establishment of investment services and investment funds.

The Financial Services team have a wealth of experience in advising banks, payment institutions, Gibraltar investment funds, investment fund managers, investment fund administrators, asset and investment managers/brokers and insurance companies, intermediaries and managers. Our financial services lawyers have advised and assisted with, the initial structuring and restructuring of licensable/licensed entities and ongoing regulatory matters such as licensing, passporting into other jurisdictions, the establishment of branches, distribution issues, the re-domiciliation of licensed entities and the disposal of financial services entities.

Our expertise provides the perfect platform for your introduction to Gibraltar and its advantages and we would be delighted to assist and advise you further in helping you to meet your business objectives.

Gibraltar’s leading legal counsel on DLT regulations for Fintech companies

Gibraltar made headlines worldwide on January 1, 2018 when it became one of the first jurisdictions to pass into law a Distributed Ledger Technology (DLT) Regulatory Framework. This means that firms registered in Gibraltar and using DLT, more commonly referred to as “blockchain”, must apply for a licence from the Gibraltar Financial Services Commission (GFSC). Its primary objective is to protect consumers, and Gibraltar’s reputation, in a new era of digital technology.

The continually evolving digital revolution has created a new wave of businesses using new and exciting forms of financial technology (“Fintech”) to improve the ways in which traditional financial services providers deliver services and in some cases make the use of their service simpler. This can be evidenced via a simple blockchain-based banking app on a smartphone – seeking to make (the) transactions faster, less costly and more accessible to all (banks more accessible) in this modern age.

Gibraltar’s forward thinking is attracting a host of Fintech businesses, from blockchain startups offering multi-currency digital wallets to innovative payment service providers. At Triay we bring decades of expertise to this new environment in a way that bridges the gap between conventional finance and Fintech innovation.

Triay Lawyers FINTECH team forms part of our traditional financial services team.  The firm’s Fintech team has the experience, industry knowledge and commercial understanding to assist these bold entrepreneurs. Our lawyers have also assisted clients, such as payment service providers, with licensing applications and therefore understand the requirements of the licensing process. The team has leveraged its existing knowledge of traditional financial services to assist clients in understanding their regulatory obligations under Gibraltar’s world-leading Distributed Ledger Technology regulations.