Paragraph 59 sets out the transitional arrangements that will apply if HM Treasury decides that the corresponding activity no longer corresponds to the approved activity. Once again, sub-paragraph (1) also explains that the transitional arrangements will only apply to a Gibraltar-based person who was carrying on an activity immediately before access was withdrawn.
	Sub-paragraph (2) explains that the transitional arrangements available under Part 9 will treat the Gibraltar activity as corresponding to the approved activity for a temporary period to the extent that the approved activity is carried on by the person in the UK, and subject to any restrictions imposed during the temporary arrangements.
	Under sub-paragraph (3), an activity ceases to be treated as temporarily corresponding to an approved activity if any of the events detailed at sub-paragraph (4) occur before the expiry of the period specified by HM Treasury.
	Sub-paragraphs (5) and (6) confirm that any limitations applicable to corresponding activities will continue apply once those activities are treated as corresponding to the approved activities under this paragraph for a limited period of time. Sub-paragraph (7) provides that a Gibraltar-based person does not cease to have permission in relation to an activity under sub-paragraph (4)(b) and (c) while the person is in a transitional arrangement in Part 10.
Schedule 6: Gibraltar-based persons carrying on regulated activities in the UK Part 9: Transition on withdrawal of approval of regulated activity Transition on Gibraltar activity ceasing to be corresponding activity