Article 1 Citation, commencement and interpretationI1I2

This Order may be cited as the Financial Services and Markets Act 2000 (Gibraltar) Order 2001 and comes into force—

In this Order—

• “the Act” means the Financial Services and Markets Act 2000;

• F1“Gibraltar-based firm” means—

  1. (a)

     a firm which—

     1. (i)

        is an AIFM, as defined in Article 4(1)(b) of the alternative investment fund managers directive, reading the reference in Article 4(1)(a)(ii) of that directive to authorisation pursuant to the UCITS directive as a reference to authorisation under the law of Gibraltar which implemented the UCITS directive, and

     2. (ii)

        is authorised as such by the Gibraltar Financial Services Commission under the law of Gibraltar which implemented the alternative investment fund managers directive; or

  2. (b)

     a firm not falling within paragraph (a) which has its head office in Gibraltar;

• “the Passport Rights Regulations” means the Financial Services and Markets Act 2000 (EEA Passport Rights) Regulations 2001^f1;

• “Schedule 3” means Schedule 3 to the Act.

Expressions used in this Order that are defined for the purposes of the Act have the same meaning as in the Act.