SCHEDULES
SCHEDULE 2A

Gibraltar-based persons carrying on activities in the UK
PART 4

Variation of permission

Variation of permission
21
1
A Schedule 2A permission may be varied in accordance with this Part of this Schedule—
a
on the initiative of the Gibraltar regulator (see paragraphs 22 to 26), or
b
on the initiative of a UK regulator (see paragraphs 27 to 30).
2
References in this Part of this Schedule to the variation of a Schedule 2A permission (however expressed) are to its variation by—
a
adding an approved activity to those to which the permission relates,
b
removing an approved activity from those to which the permission relates, or
c
varying the description of an activity to which the permission relates (including by adding, removing or varying a limitation).
3
Where a limitation is added, removed or varied under this Part of this Schedule, paragraph 13(2)(b) has effect as if it referred to the limitations (if any) that have effect after that change.
Sch. 2A inserted (1.9.2023 for specified purposes) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 6 (as amended (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 100(3)(b)); S.I. 2023/934, reg. 2(a)