SCHEDULES

SCHEDULE 8 U.K.Gibraltar: minor and consequential amendments

Financial Services and Markets Act 2000 (c. 8) U.K.

6 U.K.After section 137G insert—

“137GA The 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.”

Commencement Information

I1 Sch. 8 para. 6 in force at 1.9.2023 for specified purposes by S.I. 2023/934, reg. 2(b)(ii)