Part XXVIII

Miscellaneous

Third countries

Gibraltar
409
1
The Treasury may by order—
a
modify Schedule 3 so as to provide for Gibraltar firms of a specified description to qualify for authorisation under that Schedule in specified circumstances;
b
modify Schedule 3 so as to make provision in relation to the exercise by UK firms of rights under the law of Gibraltar which correspond to EEA rights;
c
modify Schedule 4 so as to provide for Gibraltar firms of a specified description to qualify for authorisation under that Schedule in specified circumstances;
d
modify section 264 so as to make provision in relation to collective investment schemes constituted under the law of Gibraltar;
e
provide for the Authority to be able to give notice under section 264(2) on grounds relating to the law of Gibraltar;
f
provide for this Act to apply to a Gibraltar recognised scheme as if the scheme were a scheme recognised under section 264.
2
The fact that a firm may qualify for authorisation under Schedule 3 as a result of an order under subsection (1) does not prevent it from applying for a Part IV permission.
3
“Gibraltar firm” means a firm which has its head office in Gibraltar or is otherwise connected with Gibraltar.
4
“Gibraltar recognised scheme” means a collective investment scheme—
a
constituted in an EEA State other than the United Kingdom, and
b
recognised in Gibraltar under provisions which appear to the Treasury to give effect to the provisions of a relevant Community instrument.
5
“Specified” means specified in the order.
6
“UK firm” and “EEA right” have the same meaning as in Schedule 3.