First Code of Conduct for Crypto Funds
As a number of crypto funds are being established in Gibraltar, GFIA felt it would be helpful to launch a code of conduct to help promotors and service providers address issues that are specific to crypto funds. This, coupled with the new funds legislation which allows more flexibility in choosing regulated Directors is likely to Boost Gibraltar’s funds and asset management industries.
Because this sector is so new and there is so little guidance for crypto funds, GFIA feels that it’s Code may very well be adopted in other jurisdictions - if in modified format.
James Lasry, Chairman of GFIA said “the Code shows that the funds industry in Gibraltar is proactive and innovative and has a deep commitment to the principles of investor protection and corporate governance. I am delighted that even being from a small jurisdiction we were able to issue such a groundbreaking Code.”
Albert Isola, Minister for Financial Services and Gaming said “As we work to deliver best practice across our sector, I am pleased to welcome the work of GFIA in delivering their new Code of Conduct in this exciting and innovative area.“
Clearly a lot of thought has gone into this Code that gives guidance for this asset class which Gibraltar very much seeks to welcome.
14-11-18 PANORAMAdailyGIBRALTAR
Search Panorama
Headlines
- PANORAMA VACANCY
- Palm prints, fingermarks and DNA in upgraded EU border database
- Lineker fiasco highlights dearth of editorial control and value for money to tax payers at GBC
- New National Stadium to be debated in Thursday’s DPC
- World Book Day 2023 at Westside School
- Peninsula Announces Main Sponsorship of the Gibraltar Football Association
- Airport issues generate passenger concern
- Parliament pays tribute to Louis Triay KC