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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 Sch 2A para 11

Sch 2A para 11

(1) The restrictions in paragraphs 7, 8 and 9 do not apply in relation to regulations under paragraph 5 to the extent that the regulations— (a) revoke other regulations under paragraph 5, or (b) otherwise amend other regulations under paragraph 5 in order to withdraw the Treasury's approval of an activity. (2) The restrictions in paragraphs 7 and 8 do not apply in relation to regulations under paragraph 6 to the extent that the regulations— (a) revoke other regulations under paragraph 6, or (b) otherwise amend other regulations under paragraph 6 in order to provide that an activity which the Gibraltar regulator has authorised, or may authorise, a person to carry on in Gibraltar does not correspond to an approved activity.

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