- Latest available (Revised)
- Original (As made)
The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019
You are here:
- UK Statutory Instruments
- 2019 No. 680
- Explanatory Note
What Version
Status:
This is the original version (as it was originally made).
EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations are made in exercise of the powers in section 8(1) of, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018 (c. 16) in order to address failures of retained EU law to operate effectively and other deficiencies arising from the withdrawal of the United Kingdom from the European Union (including deficiencies under paragraphs (a), (b), (c), (d), (e) and (g) of section 8(2) of that Act).
Part 2 and Schedules 1 and 2 modify the Insurers (Reorganisation and Winding Up) Regulations 2004, the Credit Institutions (Reorganisation and Winding Up Regulations 2004 and the Insurers (Reorganisation and Winding Up) (Lloyd’s) Regulations 2005 as they apply to Gibraltarian insurers and credit institutions, and to the determination of Gibraltarian rights in relation to the winding-up or reorganisation of UK insurers and credit institutions. They amend the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 to make appropriate provision for Gibraltar following exit day, and also amend the Credit Transfers and Direct Debits in Euro (Amendment) (EU Exit) Regulations, the Friendly Societies (Amendment) (EU Exit) Regulations 2018, the Market Abuse (Amendment) (EU Exit) Regulations 2018, the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 and the Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019 to ensure that the amendments made by these EU Exit instruments are capable of applying, where relevant, to Gibraltar, in order, for example, to preserve rights of Gibraltarian firms in relation to the United Kingdom, and of UK firms in relation to Gibraltar.
Part 3 saves the effect of certain legislation in relation to Gibraltar-based firms and activities. The legislation concerned forms part of retained EU law is otherwise revoked or amended by specified regulations made under the European Union (Withdrawal) Act 2018
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.
Options/Help
Print Options
PrintThe Whole Instrument
PrintThis Explanatory Note only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Opening Options
Different options to open legislation in order to view more content on screen at once
Explanatory Memorandum
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.