SCHEDULES
SCHEDULE 8Gibraltar: minor and consequential amendments
Financial Services and Markets Act 2000 (c. 8)
I16
After section 137G insert—
137GAThe PRA's general rules: Gibraltar
1
The PRA's general rules may not make provision prohibiting a Gibraltar-based person from carrying on, or holding itself out as carrying on, an activity which it has a Schedule 2A permission to carry on in the United Kingdom.
2
The Treasury may by regulations impose other limitations on what provision applying to Gibraltar-based persons with a Schedule 2A permission to carry on a regulated activity may be made in the PRA's general rules.
3
Before making regulations under subsection (2), the Treasury must consult the PRA.