2005 No. 1
The Financial Services and Markets Act 2000 (Gibraltar) (Amendment) Order 2005
Made
Laid before Parliament
Coming into force
The Treasury, in exercise of the powers conferred upon them by section 409(1) of the Financial Services and Markets Act 20001, hereby make the following Order:
Citation and commencement1
This Order may be cited as the Financial Services and Markets Act 2000 (Gibraltar) (Amendment) Order 2005, and comes into force on 14th January 2005.
Amendment of the Financial Services and Markets Act 2000 (Gibraltar) Order 20012
1
Article 2 of the Financial Services and Markets Act 2000 (Gibraltar) Order 20012 is amended as follows.
2
After paragraph (3) insert—
3A
A Gibraltar-based firm falling within paragraph 5(e) of Schedule 33 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)”.
(This note is not part of the Order)