Point in time view as at 01/09/2023.
Financial Services and Markets Act 2000, Cross Heading: Gibraltar regulator's initiative: considering a notification is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Textual Amendments
F1Sch. 2A inserted (1.9.2023 for specified purposes) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 6; S.I. 2023/934, reg. 2(a)
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.]
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