PART 3 Amendments of Financial Services and Markets Act 2000 (Gibraltar) Order 2001

8 Collective investment schemes constituted under Gibraltar law
1 Article 3A (collective investment schemes constituted under Gibraltar law) is amended as follows.
Article 3A was inserted by S.I. 2012/2017.
2 Renumber the existing text as paragraph (1) and in that paragraph, for “as it applies” substitute “ as it applied immediately before IP completion day”.
Words in reg. 8(2) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 32(d)(i)
3 After paragraph (1) insert—

“2 The Financial Services and Markets Act 2000 (Collective Investment Schemes Constituted in Other EEA States) Regulations 2001 are to be read in relation to a collective investment scheme constituted in Gibraltar as if—
(a) in regulation 3, for the words from “in accordance with” to “that directive” there were substituted “ immediately before IP completion day would have been a UCITS to which the UCITS directive applied ”, and
Words in reg. 8(3) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 32(d)(ii)
(b) in regulation 4(b) after “referred to in” there were inserted “ the law of Gibraltar which implemented ”.
S.I. 2001/2383.”

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Reg. 8 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Pts. 2, 3 applied (31.12.2020) by The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 38 (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)