PART 2Gibraltar related amendments
The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019I19
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
”
.