Whether you work to Gibraltar or international regulations, RSM's financial services industry experts will guide you through the complex regulatory landscape providing integrated solutions across the sector.
The Gibraltar financial services sector is a complex and multi-faceted landscape. Heavily regulated in the UK and internationally, the challenges of maintaining a profitable and compliant business have never been greater.
Reputational risk is high and increasingly executives in financial services organisations are in the spotlight and being held personally accountable for compliance and best practice. By taking the time to understand your business and business needs, our team can help you meet and overcome these challenges.
RSM can conduct a S165 or S166 (for certain lots) Skilled Persons Review if required. Regulators are increasingly writing to firms (sometimes following a supervisory visit) setting out required improvements, rather than issuing a more formal S165 or S166 Skilled Persons Review. In these circumstances RSM can offer to carry out an independent review following completion of the required improvements to provide additional comfort to the regulator and assurance to the firm.
Experienced understanding
Our Gibraltar based experts work closely on international matters through our RSM International partners and can offer support on pan-jurisdictional matters ranging from compliance and regulatory reporting to International Accounting Standards.
We can advise on a range of matters, including:
- business structuring;
- statutory audit;
- internal audit;
- indirect tax planning and compliance;
- corporate tax planning and compliance (e.g. Foreign Account Tax Compliance Act);
- limited liability partnership advisory and tax;
- transactions;
- regulation and compliance (eg s166 'Skilled Persons' reviews; regulatory reporting, and compliance reviews);
- risk management;
- business performance improvement consulting (e.g. cost reduction, finance function effectiveness); and
- IT advisory and consulting.
We work with a range of organisations within the sector, including:
- investment management;
- funds, including venture capital trusts, AIFs and undertakings for the collective investment of transferable securities;
- stockbrokers and investment banking;
- principal traders;
- crowdfunding;
- finance companies;
- corporate finance houses;
- payment services companies;
- independent financial advisers;
- wealth managers;
- insurance broking; and
- banks.