On Nov. 14, UK Treasury extended transitional arrangements by 1 yr.
UK Treasury published The financial services (gibraltar) (amendment) (EU exit) regulations 2024 (StIn 2024/1158), which were made on Nov. 12, 2024.
Follows UK Treasury Sep. 2023 extended transitional arrangements, see #185197.
Amendments
Extends by 12 months the transitional arrangements under Parts 2 and 3 of Financial services (Gibraltar) (amendment) (EU exit) regulations 2019 (StIn 2019/589).
The amendment will ensure Gibraltar authorized financial services firms will be able to continue providing cross-border services and establishing branches in the UK.
In addition, the amendments will facilitate access by similar types of UK-based firms to Gibraltar’s financial services market for a further 12 months.
Also prevents loss of access when 2023 extension of 2019 regs expires Dec. 31, 2024.
Effectiveness
These regulations come into force on Dec. 16, 2024.
