News
Cosmetic Rules Overhaul
Public Health and the OFT are actively addressing safety concerns in the medical cosmetic industry. Unregulated procedures and counterfeit products, including injectable drugs like semaglutide (Ozempic and Wegovy), have raised alarms following rising UK hospitalisations.
What’s being done?
The OFT is working closely with the Gibraltar Medical Registration Board (GMRB) to ensure clinics and practitioners are properly licensed. Clinics must follow stringent regulations based on the qualifications of staff performing treatments like Botox, which require prescription-only medicines. This also impacts businesses within the medical cosmetic industry, including those using unregulated drugs like Wegovy and Ozempic.
Are changes coming?
Yes. According to the Official Notice published on Monday, official reforms to Gibraltar’s legislation on medical cosmetic treatments are underway. According to the Minister for Health and Business, Gemma Arias-Vasquez, “Finalisation of a first draft has almost been completed, with further consultation planned.”
What should you do now?
Businesses operating within this industry should ensure that their clinics are compliant with current and upcoming regulations. You can check your clinic’s approved licences through the OFT and verify practitioner registration with the Gibraltar Medical Registration Board (GMRB).
Search a clinic’s approved licensing activity
Search a practitioner’s registration status
Search for a medication’s classification via the EMC (electronic medicines compendium)
SHARE THIS
OTHER NEWS
Brexit
News
Treaty
Results Are In! Treaty Impact GFSB Members Flash Survey
The GFSB has conducted a flash survey of its members concerning their experiences during the first two weeks of the new Treaty arrangements.
The Office of Fair Trading's latest Annual Report reveals record numbers of businesses, plans to simplify licensing through a new Business Act and fewer consumer complaints. GFSB's Business Support Manager, Kim Chang, breaks down what the proposed reforms, increased digital services and stronger enforcement could mean for businesses, and why the GFSB's role in shaping policy has been recognised.
News
Thrive
What a Year!
What a year it's been! From the Treaty moving from negotiation to reality to AI, workplace pensions, business confidence and everything in between, this year's Thrive EDIT has helped members navigate one of the busiest periods in Gibraltar's recent history. Before we take a short summer break, Editor David Revagliatte looks back at the stories that shaped the year and thanks readers for joining us on the journey.
Could Gibraltar be missing a golden opportunity? GFSB Board Director Brian Ross believes the answer is yes. In this thought-provoking opinion piece, he argues that Gibraltar should consider a residency route for financially self-sufficient individuals, attracting experienced people with the wealth, expertise and international networks to strengthen our economy. Could this be the next step in keeping Gibraltar competitive?
Education
Growing Beyond the Owner
For many SMEs, the success of the business has been built on the expertise, relationships and commitment of its owner. This entrepreneurial approach has been instrumental in the growth of many of Gibraltar's successful businesses. However, as organisations develop, dependence on a single individual can become a strategic risk.