{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-2A/paragraph-40",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-2A/paragraph-40.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "schedule/2A/paragraph/40",
  "kind": "paragraph",
  "number": "40",
  "heading": null,
  "text": "(1) A requirement may be imposed on a Gibraltar-based person in accordance with this Part of this Schedule—\n(a) by a UK regulator as part of the process of considering a notification under Part 3 or 4 of this Schedule (see paragraphs 41 to 43),\n(b) on the initiative of the Gibraltar regulator (see paragraphs 44 to 48), or\n(c) on the UK regulator's initiative (see paragraphs 49 to 52).\n(2) Requirements imposed on a Gibraltar-based person in accordance with this Part of this Schedule may be varied or cancelled in accordance with this Part of this Schedule—\n(a) on the initiative of the Gibraltar regulator (see paragraphs 44 to 48), or\n(b) on the UK regulator's initiative (see paragraphs 49 to 52).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "power to apply (with modifications) conferred",
      "affecting": "ukpga/2021/22",
      "affecting_title": "Financial Services Act 2021"
    },
    {
      "type": "power to apply (with modifications) conferred",
      "affecting": "ukpga/2021/22",
      "affecting_title": "Financial Services Act 2021"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/schedule/2A/paragraph/40",
    "retrieved_at": "2026-10-29T09:21:21.899993+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}