# The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020, Regulation 60: The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019


(1) The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 are amended as follows.
(2) In regulation 3 (the Credit Institutions (Reorganisation and Winding Up) Regulations 2004), after the words “Gibraltarian credit institutions,” insert “investment firms and group companies”.
(3) In Schedule 1 (modifications to the Insurers (Reorganisation and Winding Up) Regulations 2004)—
(a) at the beginning of paragraph 2, after the words “Regulation 2 applies as if—” insert—
“(a) in paragraph (1)—”;
(b) in paragraph (2), re-number paragraphs (a) to (h) as (i) to (viii);
(c) at the end of paragraph 2, after sub-paragraph (viii) insert—
“(b) in paragraph (2)—
(i) in sub-paragraphs (a) and (b), for “the relevant EEA State” both times it occurs, there were substituted “Gibraltar”;
(ii) the words after sub-paragraph (b) were omitted.”;
(d) for paragraph 6 substitute—
“6. Regulation 10 applies as if—
(a) in the heading, for “EEA regulators”, there were substituted “the Gibraltarian regulator”;
(b) for “EEA regulators in every EEA State”, both times it occurs, there were substituted “Gibraltarian regulator”.”.
(4) In Schedule 2 (modifications to the Credit Institutions (Reorganisation and Winding Up) Regulations 2004)—
(a) in paragraph 3, after sub-paragraph (b) insert—
“(c) paragraph (7A) were omitted.”;
(b) in paragraph 6, for “from the purposes of Articles 10” substitute “for the purposes of Articles 10”;
(c) in paragraph 7, for sub-paragraph (c) substitute—
“(c) for paragraph (4), there were substituted—
“(4) In this regulation, the “relevant person” means, if the UK credit institution has a branch in Gibraltar, the Gibraltarian regulator.””.

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213614/regulation/60 (the official version)
Page: https://openlegislation.uk/draft-securities-financing-transactions-securitisation-and-miscellaneous-amendments-eu-exit-regulations-2020/regulation-60
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.