23 Power to make provision about Gibraltar
Financial Services Act 2021 (2021 c 22) | Legislation

23  Power to make provision about Gibraltar

(1)     The Treasury may by regulations—

(a)     repeal or revoke relevant Gibraltar provision and make changes described in subsection (5),

(b)     make provision with the same effect as relevant Gibraltar provision repealed or revoked under paragraph (a),

(c)     amend relevant Gibraltar provision so as to restore any aspect of the effect the provision had immediately before IP completion day, and

(d)     replace or supplement relevant Gibraltar provision with provision substantially similar to, or to a provision of, section 32A of, or Schedule 2A or 2B to, the Financial Services and Markets Act 2000 (inserted by section 22 of, and Schedules 6 and 7 to, this Act).

(2)     In this section—

(a)     “Gibraltar provision” means a provision or set of provisions in an enactment so far as it relates to—

(i)     the carrying on of activities in the United Kingdom by persons based in Gibraltar,

(ii)     the carrying on of activities in Gibraltar by persons based in the United Kingdom, or

(iii)     interaction of any other kind between the United Kingdom and Gibraltar, whether relating to persons, activities, financial instruments, other property or other matters,

(b)     Gibraltar provision is “relevant” if—

(i)

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