2022 No. 1157

Exiting The European Union
Financial Services

The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2022

Made

Laid before Parliament

Coming into force

The Treasury, in exercise of the power conferred by regulation 12(2) of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 20191, make the following Regulations.

Citation, commencement and extent1

1

These Regulations may be cited as the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2022.

2

These Regulations come into force on 15th December 2022.

3

These Regulations extend to England and Wales, Scotland and Northern Ireland.

Amendment of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 20192

In regulation 12 of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019 (expiry of Parts 2 and 3)2, in paragraph (1), for “2022” substitute “2023”.

Nigel HuddlestonAmanda SollowayTwo of the Lords Commissioners of His Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations are made in exercise of the power conferred by regulation 12(2) of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019. They extend by 12 months the transitional arrangements under Parts 2 and 3 of those Regulations which enable specified categories of Gibraltar-based firms to provide financial services in the United Kingdom and facilitate the access by similar types of UK-based firms to Gibraltar’s financial services market.