Access to Financial Services Markets Market access arrangements for financial services between the UK and Gibraltar Consumer protection
The Government is committed to ensuring that UK customers of Gibraltar-based firms continue to enjoy an adequate level of protection under the FSCS, in line with protection provided by UK-based firms. The Act gives HM Treasury the power to set out in regulations the types of firms which are not eligible to participate in the FSCS.
	The Government will work with the FCA to ensure that, once the GAR comes into force, individuals and eligible small businesses using financial services sold in the UK by Gibraltar-based firms can refer disputes to the UK Financial Ombudsman Service (FOS). Customers of Gibraltar-based firms that are already voluntarily subject to the FOS scheme will continue to be covered, with no loss of eligibility for their customers in respect of actions occurring before the GAR takes effect. The FCA will be responsible for providing for this change in its rules.