(1) The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 [S.I. 2019/632.] are amended as follows.

(2) In regulation 32(2)(b), after “United Kingdom”, insert “or Gibraltar”.

(3) In regulation 53 -

(a) in paragraph (a), after “United Kingdom”, insert “or Gibraltar”;

(b) in paragraph (b), in the opening words of the new paragraph (b), after “Kingdom) ” insert “or of Gibraltar”.

(4) In regulation 56, after paragraph (b), insert -

“(c) in the appropriate place, insert -

““qualifying credit institution” includes a credit institution which is authorised under the law of Gibraltar relied on immediately before IP completion day to implement the capital requirements directive.””.

(5) In regulation 88, for paragraph (f), substitute -

“(f) for subsection (10), substitute -