{
  "url": "https://openlegislation.uk/draft-gibraltar-miscellaneous-amendments-eu-exit-regulations-2019/schedule-1/paragraph-2",
  "json_url": "https://openlegislation.uk/draft-gibraltar-miscellaneous-amendments-eu-exit-regulations-2019/schedule-1/paragraph-2.json",
  "legislation": "ukdsi/2019/9780111180594",
  "legislation_title": "The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/draft-gibraltar-miscellaneous-amendments-eu-exit-regulations-2019",
  "path": "schedule/1/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "Regulation 2 applies as if—\n(a) for the definition of “branch” there were substituted—\n““branch” means a permanent presence of a UK insurer or a Gibraltarian insurer which is located in the territory of a country other than—\n(a) the United Kingdom (in the case of a UK insurer);\n(b) Gibraltar (in the case of a Gibraltarian insurer);”;\n(b) in the definition of “directive reorganisation measure”, the reference in Article 268(1)(c) of the Solvency 2 Directive to competent authorities were a reference to competent authorities in the United Kingdom or in Gibraltar;\n(c) in the definition of “directive winding up proceedings”, the reference in Article 268(1)(d) of the Solvency 2 Directive to competent authorities were a reference to competent authorities in the United Kingdom or in Gibraltar;\n(d) the definitions of “EEA creditor”, “EEA insurer”, “EEA regulator” and “EEA State” were omitted;\n(e) in the appropriate places there were inserted—\n““Gibraltarian insurer” means an undertaking pursuing the activity of direct insurance (within the meaning of the Solvency 2 Directive) which has received authorisation under the law of Gibraltar which was relied on by Gibraltar before exit day to implement Article 14 or Article 162 of the Solvency 2 Directive from the Gibraltarian regulator;\n“Gibraltarian regulator” means the Gibraltar Financial Services Commission;”;\n(f) for the definition of “home state regulator” there were substituted—\n““home state regulator” in relation to a Gibraltarian insurer, means the Gibraltar Financial Services Commission;”;\n(g) the definition of “official language” were omitted;\n(h) in the definition of “the Solvency 2 Directive”, at the end there were inserted “as it had effect immediately before exit day”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Regulation 2 was amended by S.I. 2007/108 and 2015/575. There are other amendments which are not relevant to this instrument."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2019/9780111180594/schedule/1/paragraph/2",
    "retrieved_at": "2026-10-30T15:00:49.929344+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}