Search Legislation

Financial Services and Markets Act 2000

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As enacted)
 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Cross Heading: Gibraltar regulator's initiative: considering a notification

 Help about opening options

Alternative versions:

Changes to legislation:

There are outstanding changes not yet made by the legislation.gov.uk editorial team to Financial Services and Markets Act 2000. Any changes that have already been made by the team appear in the content and are referenced with annotations. Help about Changes to Legislation

[F1Gibraltar regulator's initiative: considering a notificationU.K.

35(1)Where the appropriate UK regulator receives a notification, it must acknowledge receipt in writing without delay.U.K.

(2)The period for considering a notification is—

(a)where the Schedule 2A permission relates to one or more activities carried on through a branch in the United Kingdom, the period of two months beginning with the day on which the appropriate UK regulator receives the notification, and

(b)otherwise, the period of one month beginning with that day.

(3)If, before the end of the period described in sub-paragraph (2), the appropriate UK regulator gives the Gibraltar-based person a confirmation notice in respect of the notification, then the period for considering the notification ends when the notice is given.

(4)A “confirmation notice” is a written notice confirming that the Schedule 2A permission is cancelled.]

Back to top

Options/Help