(1) Schedule 3 applies in relation to -

(a) the establishment by a UK firm of a branch in Gibraltar, or the provision by a UK firm of services in Gibraltar, or

(b) the marketing in Gibraltar by a UK firm of units of a UK UCITS as defined in section 237 [The definition of "UK UCITS" in section 237 was inserted by S.I. 2011/1613 and amended by S.I. 2013/1388.] of the Act

as follows.

(2) A UK firm is to be treated as having an entitlement, corresponding to the EEA right that such a firm would have had immediately before IP completion day, to establish a branch, provide services or market the units referred to in paragraph (1)(b) in Gibraltar.

(3) In relation to a UK firm, references in Schedule 3, the Passport Rights Regulations and article 77 of the Financial Services and Markets Act 2000 (Transitional Provisions) (Authorised Persons etc.) Order 2001 to -

(a) "an EEA State" are to be treated as including references to Gibraltar;

(b) "an EEA right" are to be treated as including references to the entitlement mentioned in paragraph (2);