Statutory Instruments
Exiting The European Union
Financial Services And Markets
Made
12th November 2020
Laid before Parliament
16th November 2020
Coming into force
14th December 2020
The Treasury, in exercise of the power conferred by regulation 12(2) of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019(1), make the following Regulations.
1. These Regulations may be cited as the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2020 and come into force on 14th December 2020.
2. In regulation 12 of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019 (expiry of Parts 2 and 3), in paragraph (1), for “2020” substitute “2021”.
David Rutley
Rebecca Harris
Two of the Lords Commissioners of Her Majesty’s Treasury
12th November 2020
(This note is not part of the Regulations)
These Regulations are made in exercise of the powers conferred by regulation 12(2) of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019. They extend by 12 months the transitional arrangements under Parts 2 and 3 of those Regulations which enable specified categories of Gibraltar-based firms to provide financial services in the United Kingdom and facilitate the access by similar types of UK-based firms to Gibraltar’s financial services market.