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Paragraph 24 F1

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

A notification must—

(a)

state the desired variation,

(b)

specify the approved activity or approved activities which the Gibraltar-based person wants to carry on following the variation, including any limitations,

(c)

specify the corresponding activity, including any restrictions,

(d)

state that the person has permission from the Gibraltar regulator to carry on the corresponding activity in Gibraltar,

(e)

state that the Gibraltar regulator consents to the variation, and

(f)

contain, or be accompanied by, any further information specified in a direction given by the appropriate UK regulator under paragraph 57 and in force when the notification is given.

(2)

A notification may state when the desired variation is to have effect.

(3)

A notification may relate to more than one variation.

Annotations

Textual amendments

F1

Sch. 2A inserted (1.9.2023 for specified purposes) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 6 (as amended (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 100(3)(b)); S.I. 2023/934, reg. 2(a)