Sch 2A para 32
(1) If the appropriate UK regulator receives a notification from the Gibraltar regulator requesting the cancellation of a Gibraltar-based person's Schedule 2A permission (see paragraph 34), the permission is cancelled when the period for considering the notification ends (see paragraph 35). (2) A Schedule 2A permission is not cancelled under sub-paragraph (1) if, during the period for considering the notification— (a) the appropriate UK regulator rejects the notification (see paragraph 36), or (b) the Gibraltar regulator withdraws the notification. (3) References in this Part of this Schedule to a notification are references to a notification for the purposes of this paragraph.