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CA
Parliament approves modernised Charities Act
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Gibraltar Chronicle
Gibraltar’s charities sector is set to operate under a modernised regulatory framework after Parliament approved a new Charities Act and accompanying regulations.
The legislation introduces stronger governance, transparency and accountability requirements while establishing a proportionate regime that recognises the different needs and capacities of charities operating in Gibraltar.
For the first time, registered charities will be subject to a comprehensive annual reporting and filing regime, with requirements tailored to the size and complexity of individual organisations.
The Gibraltar Government encouraged charity trustees, officers and professional advisers to familiarise themselves with the new framework and make use of the guidance and resources provided by the Charity Commission.
The Minister for Financial Services, Nigel Feetham, said: "These reforms represent an important milestone for Gibraltar's charitable sector.