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Government Welcomes Approval of Modernised Charities Act and Regulations

Government Welcomes Approval of Modernised Charities Act and Regulations

HM Government of Gibraltar has welcomed Parliament's approval of the new Charities Act and accompanying Regulations, marking a significant step in modernising Gibraltar's framework for the regulation and support of charities.

The new legislation strengthens governance, transparency and accountability across the sector, while introducing a proportionate regulatory regime that recognises the different needs and capacities of charities operating in Gibraltar.

The reforms follow extensive consultation over the past year with trustees, community organisations, professional advisers and other stakeholders.

The legislation introduces, for the first time, a comprehensive annual reporting and filing regime for registered charities, with requirements tailored to the size and complexity of individual organisations. It also provides the Charity Commission with modern statutory powers to address misconduct or mismanagement where necessary, helping to safeguard charitable assets and maintain public confidence.

The Government encourages all charity trustees, officers and professional advisers to familiarise themselves with the new framework and make full use of the guidance and resources made available by the Charity Commission.

The Minister for Financial Services, the Hon Nigel Feetham KC MP, said: "These reforms represent an important milestone for Gibraltar's charitable sector. They strengthen public trust through greater transparency and accountability, while ensuring that charities continue to receive the support and guidance they need to deliver valuable services to our community.

"The new framework also demonstrates Gibraltar's continued commitment to maintaining high international standards. The measures introduced are proportionate, risk-based and aligned with international expectations. This will have positive implications as Gibraltar continues its engagement with MONEYVAL and reinforces our reputation as a well-regulated and responsible jurisdiction."