9U.K.In section 224 (scheme manager's power to inspect documents held by Official Receiver etc), before subsection (4A) insert—
“(4ZA)But a person is not to be regarded as a relevant person in relation to a regulated activity if, at that time, the person—
(a)was a Gibraltar-based person with a Schedule 2A permission to carry on the activity, and
(b)fell within a prescribed category, either generally or in relation to the activity.
(4ZB)Regulations prescribing a category of person for the purposes of subsection (4ZA) may, among other things, make provision by reference to—
(a)whether the activity is carried on through a branch in the United Kingdom;
(b)the level of protection provided by the compensation scheme and by any comparable scheme operating in Gibraltar.”
Commencement Information
I1Sch. 8 para. 9 in force at 1.9.2023 by S.I. 2023/934, reg. 2(b)(iv)