The Financial Services and Markets Act 2000 (Gibraltar) (Amendment) Order 2005

• Citation: S.I. 2005/1
• Sections: 2

Section 1 Citation and commencement

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.

Section 2 Amendment of the Financial Services and Markets Act 2000 (Gibraltar) Order 2001

(1) Article 2 of the Financial Services and Markets Act 2000 (Gibraltar) Order 2001 is amended as follows.

(2) After paragraph (3) insert—

(3A) A Gibraltar-based firm falling within paragraph 5(e) of Schedule 3 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)”.