gibraltar adviser to be wound up

Gibraltars Financial Services Commission has obtained a winding-up order against RLS Insurance & Financial Consultants, a firm it previously licensed to provide insurance mediation.

gibraltar adviser to be wound up

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The FSC said the Supreme Court order, which was issued on 21 Oct, will enable it to recover unpaid fees.

Marcus Killick, an English barrister who heads the FSC, added: “Whilst we continue to work with our licensees as part of our robust but responsive approach, we take a serious view of firms which do not comply with the relevant statutory and regulatory requirements, including non-payment of fees and will act accordingly.”

Edgar Lavarello and Charles Bottaro of PricewaterhouseCoopers have been appointed as joint liquidators.

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