# The Mortgage Credit Directive Order 2015, Paragraph 10: The Financial Services and Markets Act 2000 (Gibraltar) Order 2001


(1) The Financial Services and Markets Act 2000 (Gibraltar) Order 2001 is amended as follows.
(2) In article 2 (exercise of deemed passport rights by Gibraltar-based firms)—
(a) after paragraph (3D) insert—
“(3E) A Gibraltar-based firm falling within paragraph 5(i) of Schedule 3 is to be treated as having an entitlement, corresponding to its EEA right deriving from the mortgages directive, to establish a branch or provide services in the United Kingdom.”;
(b) in paragraph (4)—
(i) for “and (3D)” substitute “, (3D) and (3E)”;
(ii) for “and (h)” substitute “, (h) and (i)”;
(c) in paragraph (5) for “or (3D)” in both places that it appears substitute “, (3D) or (3E)”;
(d) in paragraph (7) for “or (3D)” substitute “, (3D) or (3E)”; and
(e) in paragraph (8)—
(i) in sub-paragraph (a), for “section 194A(7) has” substitute “sections 194A(7) and 194C(6) have”;
(ii) in sub-paragraph (b), for “section 195A(11) is” substitute “sections 195A(11) and 195B(10) are”.
(3) In article 3 (EEA firms satisfying conditions under Gibraltar law), in paragraph (3) for “(7A)” substitute “(7B)”.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111130810/schedule/1/paragraph/10 (the official version)
Page: https://openlegislation.uk/draft-mortgage-credit-directive-order-2015/schedule-1/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.