The Gibraltar Funds & Investments Association (GFIA) has published a corporate governance code for Collective Investment Schemes (CIS), in a bid to attract more business to the jurisdiction.
The code of conduct aims to formalise and codify existing best practice within the jurisdiction. While it is voluntary, the GFIA said use of the code and the general guidance within it is "strongly recommended" for CIS and their directors.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The GIFA said local regulator, the Gibraltar Financial Services Commission, considers the role of CIS directors to be of the "utmost importance and endorses the adoption" of the code by directors.
The association added that the board is the focal point of the governance regime for the scheme and the onus lies with the board to ensure compliance if it chooses to adopt the code.
The code of conduct is aimed at both an EU and international audience and provides an outline of Gibraltar and the local fund industry, giving examples of the various fund structures available, as well as taxation and regulation.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
