This section has no associated Explanatory Notes
6U.K.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.”
Commencement Information
I1Sch. 8 para. 6 in force at 1.9.2023 for specified purposes by S.I. 2023/934, reg. 2(b)(ii)