To print this article, all you need is to be registered or login on Mondaq.com. As a result of the United Kingdom ("UK") exiting the European Union ("EU") on 1 January 2021, a number of financial institutions in the UK lost their "exclusive" right of access to utilize the European Economic Area ("EEA") passporting rules. 1 These changes have also been felt by financial institutions based in Gibraltar. Back in 2016, it was reported around 5,500 UK companies with licensed activities which have passported their authorization ( i. e., a licensed activity) into the EEA are impacted as a result of the UK exiting the EEA bloc.