Regulation 10 Conditions to be satisfied for regulation 8 to apply

United Kingdom

The conditions are that, immediately before F1IP completion day, the person—

(a)

is authorised to carry on a regulated activity in the United Kingdom by virtue of section 31(1)(b) or (c) of the 2000 Act, F2...

(b)

is not authorised to carry on a regulated activity by virtue of section 31(1)(a) of that Act,F3and

(c)

is not a Gibraltar firm.

Annotations

F1: Words in reg. 10 substituted (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 6(2)(e)
F2: Word in reg. 10(a) omitted (16.3.2019) by virtue of The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/589), regs. 1(2), 11(3)(a)
F3: Reg. 10(c) and preceding word inserted (16.3.2019) by The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/589), regs. 1(2), 11(3)(b)