2.—(1) Article 2 of the Financial Services and Markets Act 2000 (Gibraltar) Order 2001(1) is amended as follows.
(2) After paragraph (3) insert—
“(3A) A Gibraltar-based firm falling within paragraph 5(e) of Schedule 3(2) is to be treated as having an entitlement, corresponding to its EEA right deriving from the insurance mediation directive, to establish a branch or provide services in the United Kingdom.”.
(3) In paragraph (4)—
(a)for “(2) and (3)” substitute “(2), (3) and (3A)”; and
(b)for “5(b) and (d)” substitute “5(b), (d) and (e)”.
(4) In paragraphs (5) and (7) for “(2) or (3)”, wherever occurring, substitute “(2), (3) or (3A)”.