9.—(1) The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 M1 are amended as follows.
(2) In regulation 32(2)(b), after “United Kingdom”, insert “ or Gibraltar ”.
(3) In regulation 53—
(a)in paragraph (a), after “United Kingdom”, insert “ or Gibraltar ”;
(b)in paragraph (b), in the opening words of the new paragraph (b), after “Kingdom)” insert “ or of Gibraltar ”.
(4) In regulation 56, after paragraph (b), insert—
“(c)in the appropriate place, insert—
““qualifying credit institution” includes a credit institution which is authorised under the law of Gibraltar relied on immediately before [F1IP completion day] to implement the capital requirements directive.””.
(5) In regulation 88, for paragraph (f), substitute—
“(f)for subsection (10), substitute—
“(10) For the purposes of this section “qualifying credit institution” includes a credit institution which is authorised under the law of Gibraltar relied on immediately before [F2IP completion day] to implement the capital requirements directive.””.
(6) In regulation 106, omit paragraph (2).
(7) In regulation 184(3), after “United Kingdom” insert “ or Gibraltar ”.
Textual Amendments
F1Words in reg. 9(4) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 40(d)(i)
F2Words in reg. 9(5) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 40(d)(ii)
Commencement Information
I1Reg. 9 in force immediately before IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations