The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2026 published

The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2026 were laid before Parliament and published, alongside an explanatory memorandum. The Regulations extend by 12 months the transitional arrangements under Parts 2 and 3 of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019. These arrangements enable specified categories of Gibraltar-based firms to provide financial services in the UK and, similarly, UK-based firms to access Gibraltar's financial services market. The arrangements, previously extended by the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2025, are now extended to 31 December 2027. The Regulations come into force on 16 December.

The explanatory memorandum states that these temporary arrangements will be superseded by a new, long-term framework: the Gibraltar Authorisation Regime (GAR), established by the Financial Services Act 2021. Secondary legislation to implement the GAR is being prepared by HMT. In a progress statement published alongside the Regulations, HMT states that the government intends to bring the GAR into force as soon as possible. The statement also makes note of the amendments relating to the GAR to be made by the Financial Services and Markets Bill, to align with the UK's framework for Overseas Recognition Regimes.

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