Paragraph 7 I1

United Kingdom

M1Regulation 10 applies as if—

(a)

in the heading, for “EEA regulators” there were substituted “ the Gibraltar regulator ”;

(b)

in paragraph (3)—

(i)

for “an EEA credit institution” there were substituted “ a Gibraltarian credit institution ”,

(ii)

for “the home state regulator” there were substituted “ the Gibraltarian regulator ”;

F1(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.”

Annotations

F1: Sch. 2 para. 7(c) substituted (31.12.2020 immediately before IP completion day) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(4), 60(4)(c)

I1: Sch. 2 para. 7 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)