The Board is charged with administering the Scheme and is independent of the Financial Services Commission or Government of Gibraltar. The Board may employ persons to provide services for the day-to-day administration of the Scheme, or for administering claims for compensation.
Appointments to the Board are made by the Minister responsible for Financial Services, and consists of the Financial Services Commission (FSC) Chief Executive Officer, the FSC Head of Conduct of Business and individuals nominated from the following industry associations:
a) Gibraltar Funds & Investment Association (GFIA)
b) Gibraltar Bankers Association (GBA)
c) Gibraltar Society of Accountants (GSA)
d) General Council of the Bar in Gibraltar (GCBG)
The Board meets bi-annually and the illustration below lists the current members and alternates.