Access to Financial Services Markets Market access arrangements for financial services between the UK and Gibraltar Accessing the UK market
Under the new regime, Gibraltar-based firms intending to operate in the UK will have to notify the GFSC of their intention and obtain the GFSC’s consent to carry on an approved activity in the UK. Firms will not be able to carry on regulated activities in the UK for which they do not have authorisation in Gibraltar, or those for which the GFSC withholds consent to carry them out in the UK. Any restrictions on permissions that the GFSC applies to Gibraltar-based firms will equally apply to the activities they intend to carry out in the UK. Those limitations will act as a safeguard to ensure that firms are compliant with domestic obligations.
	Firms already operating in the UK through arrangements that the GAR will replace will also be required to notify the GFSC of their intention to continue operating in the UK. The GFSC will then convey this information to the relevant UK regulator, enabling them to update the public register of firms operating in the UK.