In addition, the Client Pooled Accounts (“CPA”) return should be completed as at end of the prior year and must be submitted to the Gibraltar Resolution and Compensation Unit, within 5 months after period end.
The CPA allows the RCU to get a more accurate view of covered deposits per institution, given that the inclusion of CPA’s within the quarterly DGS reporting may understate the total potential compensation amount.
1. The submitted return should be signed by an appropriate individual. 2. Signed electronic copies are accepted, with no requirement to follow this up with a hard copy. Submissions should be sent to firstname.lastname@example.org. 3. All currencies should be accounted for, with the reporting to be translated into GBP. 4. Unless advised otherwise, the exchange rates as published on the GFSC website should be used. 5. Amounts reported should reflect the amounts per 'depositor' and not per account.
The FSRCC retains the right to request additional reports at any given time.
This is just a simple notice. Everything is in order and this is a simple link.