Part XXVIII Miscellaneous
Third countries
F1405 Directions.
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F1406 Interpretation of section 405.
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F1407 Consequences of a direction under section 405.
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F1408EFTA firms.
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409 Gibraltar.
(1)
The Treasury may by order—
(a)
modify Schedule 3 so as to provide for Gibraltar firms of a specified description to qualify for authorisation under that Schedule in specified circumstances;
(b)
modify Schedule 3 so as to make provision in relation to the exercise by UK firms of rights under the law of Gibraltar which correspond to EEA rights;
(c)
modify Schedule 4 so as to provide for Gibraltar firms of a specified description to qualify for authorisation under that Schedule in specified circumstances;
(d)
modify section 264 so as to make provision in relation to collective investment schemes constituted under the law of Gibraltar;
F2(e)
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(f)
provide for this Act to apply to a Gibraltar recognised scheme as if the scheme were a scheme recognised under section 264.
(2)
The fact that a firm may qualify for authorisation under Schedule 3 as a result of an order under subsection (1) does not prevent it from applying for a F3Part 4A permission.
(3)
“Gibraltar firm” means a firm which has its head office in Gibraltar or is otherwise connected with Gibraltar.
(4)
“Gibraltar recognised scheme” means a collective investment scheme—
(a)
constituted in an EEA State other than the United Kingdom, and
(b)
recognised in Gibraltar under provisions which appear to the Treasury to give effect to the provisions of a relevant F4EU instrument.
(5)
“Specified” means specified in the order.
(6)
“UK firm” and “EEA right” have the same meaning as in Schedule 3.