Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what his policy is on whether financial services providers located in Gibraltar should have barrier-free access to the UK market after the UK leaves the EU.

It is the intention of the UK Government to preserve financial services market access for Gibraltar into the UK. This will require mutual confidence in regulatory and supervisory structures, and will reflect the level of cooperation in this area. The Chief Minister of Gibraltar has confirmed that Gibraltar will meet UK standards of regulation, supervision and enforcement consistent with global standards which will allow its important financial sector to maintain its access to the UK. The UK Government and the Government of Gibraltar are in ongoing discussions on how to achieve this, looking first at insurance where cross-border trade is most significant.