Section 22

Financial Services and Markets Act 2000 (c. 8)

1 The Financial Services and Markets Act 2000 is amended as follows.

2 In section 3A(3)(a) (expressions in which general definition of "regulator" does not apply), at the end insert -

""Gibraltar regulator";".

3 In section 33(1)(a) (withdrawal of authorisation), after "permission" insert "or Schedule 2A permission".

4 In Part 5 (performance of regulated activities), after section 71I insert -

"Application of this Part to Gibraltar-based persons

71J Application of this Part to Gibraltar-based persons

(1) This section applies to an authorised person that -

(a) has a Schedule 2A permission, but

(b) does not have a Part 4A permission.

(2) The person is only required to comply with the provisions listed in subsection (3) if the person has a branch in the United Kingdom.

(3) Those provisions are -