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SCHEDULES

[F1SCHEDULE 2AU.K.Gibraltar-based persons carrying on activities in the UK

PART 2U.K.Approved activities

Withdrawal of approvalU.K.

11(1)The restrictions in paragraphs 7, 8 and 9 do not apply in relation to regulations under paragraph 5 to the extent that the regulations—U.K.

(a)revoke other regulations under paragraph 5, or

(b)otherwise amend other regulations under paragraph 5 in order to withdraw the Treasury's approval of an activity.

(2)The restrictions in paragraphs 7 and 8 do not apply in relation to regulations under paragraph 6 to the extent that the regulations—

(a)revoke other regulations under paragraph 6, or

(b)otherwise amend other regulations under paragraph 6 in order to provide that an activity which the Gibraltar regulator has authorised, or may authorise, a person to carry on in Gibraltar does not correspond to an approved activity.]