Finance Act 2019

Amendment of section 125 of Principal Act (certain premiums of insurance)

59. (1) Section 125(1) (as amended by section 65 of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2019 ) of the Principal Act is amended, in the definition of “insurer”, by inserting the following after “such persons”:

“, or who is the holder of an authorisation to carry on the business of insurance granted by the authority in Gibraltar charged by law with the duty of supervising such persons”.

(2) Subsection (1) shall come into operation on such day as the Minister for Finance may appoint by order.