On 14 November 2024, the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2024 were laid before Parliament and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulation extends, by a further twelve months, the transitional arrangements under Parts 2 and 3 of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019 (SI 2019/589) which enable specified categories of Gibraltar-based firms to provide financial services in the UK and facilitate the access by similar types of UK-based firms to Gibraltar’s financial services market. These transitional arrangements had previously been extended by the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2023.
The Regulations come into effect on 16 December 2024.