keep The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2023
A minor statutory instrument that amends the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019 by extending the expiry date of Parts 2 and 3 from 2023 to 2024. It applies across England, Wales, Scotland, and Northern Ireland, and came into force on 15th December 2023.
Deleting this regulation would cause Parts 2 and 3 of the 2019 Regulations to expire, disrupting financial services arrangements between the UK and Gibraltar that depend on these provisions. The expiry mechanism itself was a sunset clause designed to force Parliamentary review — extending it preserves the regulatory framework while such reviews occur. Without this extension, financial firms operating across UK-Gibraltar corridors would face legal uncertainty and potential service disruptions.