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Gibraltar financial services ‘passporting’ rights extended

The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations SI 2024/1158 extend the application of the transitional arrangements under Parts 2 and 3 of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations SI 2019/589 by a further 12 months until 31 December 2025. Parts 2 and 3 of those Regulations provide access to UK financial markets for Gibraltar-based firms and similar reciprocal access to the Gibraltar financial services market for UK-based firms. Temporary market access has been preserved following Brexit and is expected eventually to be replaced by a new long-term framework.

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