SCHEDULES

F1SCHEDULE 2AGibraltar-based persons carrying on activities in the UK

Annotations:
Amendments (Textual)

PART 2Approved activities

Approval of regulated activities

5

1

The Treasury may by regulations approve a regulated activity for the purposes of this Schedule.

2

The power under this paragraph includes power to approve a regulated activity—

a

only so far as it is carried on by a person of a description specified in the regulations,

b

only so far as it is carried on through a branch in the United Kingdom,

c

only so far as it is carried on in other circumstances specified in the regulations, or

d

subject to other limitations.

3

In making regulations under this paragraph, the Treasury may have regard to any matter that they consider relevant (and see the restrictions in paragraphs 7, 8 and 9 and the requirement in paragraph 10).