Section 22

After Schedule 2A to the Financial Services and Markets Act 2000 (inserted by Schedule 6 to this Act) insert -

"SCHEDULE 2B UK-BASED PERSONS CARRYING ON ACTIVITIES IN GIBRALTAR

Section 36A

PART 1 INTERPRETATION

ETC

UK-based person

1

(1) In this Schedule, "UK-based person" means a person listed in subparagraph (2) whose head office or registered office is in the United Kingdom (and see also Part 6 of this Schedule).

(2) Those persons are -

(a) an individual,

(b) a body corporate,

(c) a partnership, or

(d) an unincorporated association.

Regulators

2

(1) In this Schedule -

"the Gibraltar regulator" has the same meaning as in Schedule 2A (see paragraph 2 of that Schedule);

"UK regulator" means the FCA or the PRA.

(2) In this Schedule, "the appropriate UK regulator" means -

(a) the PRA, in a case where the UK-based person is a PRA-authorised person, and

(b) the FCA, in any other case.

Restricted activity