Access to Financial Services Markets Market access arrangements for financial services between the UK and Gibraltar Market access for UK firms
As market access is a sovereign matter, it will be the responsibility of the Government of Gibraltar to legislate in their own domestic legislation for the reciprocal market access for UK-based firms. In order to facilitate the access of UK-based firms to the Gibraltarian market, the Act makes provision for the procedure that UK-based firms should follow as a precondition for accessing the Gibraltarian market, and requires a UK-based firm wishing to carry on activity in Gibraltar to have domestic authorisation to carry on regulated activities in the UK and to notify the UK regulators of their intention if such market access is available. The appropriate UK regulator would then notify the GFSC. Ultimately, the Government of Gibraltar will decide the scope of inward market access.