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ARTICLE · 25 NOVEMBER 2020

Gibraltar To Allow EEA Insurers To Continue Undertaking Specified Insurance Activity In Gibraltar

ISOLAS LLP
ISOLAS LLP
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ISOLAS LLP

ISOLAS LLP

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HM Government of Gibraltar has introduced the Financial Services (Specified EEA Insurers) (Temporary Exemption) Regulations 2020.

GibraltarInsurance

HM Government of Gibraltar has introduced the Financial Services (Specified EEA Insurers) (Temporary Exemption) Regulations 2020. The Regulations, which come into force at the end of the current EU transition period, will allow specified EEA insurers to continue servicing the Gibraltar market.

Subject to meeting the criteria prescribed by the Regulations, EEA insurers will be able to apply for a temporary exemption from the Gibraltar Financial Services Commission (GFSC) to carry on specified insurance activity in Gibraltar. Specified insurance activity under these Regulations denotes any regulated insurance activity of a kind that the GFSC considers has, or would be likely to have, the effect in Gibraltar of enhancing competition in the provision of insurance and increasing choice for consumers.

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