Schedule 7, Part 2, paragraph 10

After receiving a Gibraltar notice, the appropriate UK regulator must without delay— unless it intends to refuse to give a consent notice in accordance with paragraph 11. give a consent notice, and give a written notice to the UK-based person confirming that it has given the consent notice, A consent notice— may specify a shorter waiting period for the purpose of paragraph 7(4), and must contain, or be accompanied by, the Gibraltar notice. A notice under sub-paragraph (1)(b) must— state the date on which the consent notice was given to the Gibraltar regulator, and if the consent notice specified a shorter waiting period for the purpose of paragraph 7(4), specify that period. Where a Gibraltar notice relates to more than one activity, the appropriate UK regulator may give a consent notice in relation to one activity and refuse to do so in relation to another.

← 6 · All articles · 1 →

Source: legislation.gov.uk · retrieved 2026-09-04