Front Matter

Front Matter Page

© 2007 International Monetary Fund

May 2007

IMF Country Report No. 07/156

Gibraltar: Detailed Assessment Report of Observance of the Insurance Core Principles

This Detailed Assessment Report of Observance of the Insurance Core Principles for Gibraltar was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in May 2007. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Gibraltar or the Executive Board of the IMF.

The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information.

To assist the IMF in evaluating the publication policy, reader comments are invited and may be sent by e-mail to publicationpolicy@imf.org.

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Front Matter Page

Offshore Financial Center Assessment Program

Gibraltar

Detailed Assessment Report of Observance of The Insurance Core Principles

MAY 2007

International Monetary Fund

Monetary and Capital Markets Department

Contents

  • Glossary

  • I. IAIS Insurance Core Principles

  • Tables

  • 1. Detailed Assessment of Observance of the IAIS Insurance Core Principles

  • 2. Summary Observance of IAIS Insurance Core Principles

  • 3. Recommended Action Plan to Improve Observance of IAIS Insurance Core

Glossary

AML

Anti-money laundering

BCP

Basel Core Principles

CFT

Combating the financing of terrorism

CJO

Criminal Justice Ordinance

COO

Criminal Offences Ordinance

EC

Essential criteria

EU

European Union

FSC

Financial Services Commission

FSCO

Financial Services Commission Ordinance

FSO

The Financial Services Ordinance

IAIS

International Association of Insurance Supervisors

ICO

Insurance Companies Ordinance

ICP

IAIS Insurance Core Principles

IMF

International Monetary Fund

MOU

Memorandum of understanding

PCC

Protected cell companies

Gibraltar: Detailed Assessment Report of Observance of the Insurance Core Principles
Author: International Monetary Fund