Schedule 7, Part 2, paragraph 7(5)

In sub-paragraph (4), “the waiting period” means— unless the appropriate UK regulator specifies a shorter waiting period in the consent notice. in relation to an activity that is to be carried on through a branch in Gibraltar, the period of two months beginning with the day on which the appropriate UK regulator gave the Gibraltar regulator the consent notice, and in relation to any other activity, the period of one month beginning with that day,

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