 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Gibraltar FSC Clarifies Rules Surrounding Appointed Representatives |
by Robert Lee, Tax-News.com, London
Wednesday, February 24, 2010
The Gibraltar Financial Services Commission (FSC) has responded to insurance intermediaries'
request for clarification regarding requirements in relation to the appointment,
by them, of Appointed Representatives. In its response the FSC has clarified that
there is no legal or regulatory requirement for the FSC to approve or not object
to the appointment of an Appointed Representative of an insurance intermediary.
Therefore, licensees need not submit applications.
However, the FSC has urged that it is the responsibility of the management
of insurance intermediaries to comply with Regulation 47 of the Financial Services
(Conduct of Business: Investment Firms & Insurance Intermediaries) Regulations
2006. Article 47 of the regulation reads, under the heading advisory staff:
“A firm shall not appoint an individual as, or permit an individual to
continue to work as an adviser, unless the firm is satisfied, on reasonable
grounds, that he is of good character and of the requisite aptitude and otherwise
suitable, including with regard to his financial position, to provide advice
on the services or investments or other products on which he is to advise, and
that he complies with any requirements set by the Authority with regard to training
and qualifications.”
Management will need to make sure Appointed Representatives have suitable and
up to date qualifications, and/or they provide enhanced supervision.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
