Finance Act 2019
Amendment of section 124B of Principal Act (certain premiums of life assurance) | ||
58. (1) Section 124B(1) (as amended by section 64 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”— | ||
(a) in paragraph (c), by substituting “State,” for “State, or”, | ||
(b) in paragraph (d), by substituting “supervising such persons, or” for “supervising such persons;”, and | ||
(c) by inserting the following paragraph after paragraph (d): | ||
“(e) a person who is the holder of an authorisation to undertake 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. |