British Overseas Territories is the only overseas territory that is part of the European Union (EU), although it is not part of the European Customs Union, the European Tax Policy, the European Statistics Zone or the Common Agriculture Policy. Gibraltar is not a member of the European Union in its own right. The Sovereign Base Areas in Cyprus are not part of the European Union, but they are the only British overseas territory to use the euro as official currency. None of the other Overseas Territories are members of the EU, the main body of EU law does not apply and, although certain
British Overseas Territories citizen but British Dependent Territories citizenship was lost for those persons, unless there was a connection with a remaining dependent territory. BDTCs solely connected with Hong Kong lost that status on 1 July 1997 upon transfer of sovereignty to the People's Republic of China. To close a possible loophole created in "British Overseas Territories Act 2002", which made provision to substitute the wording of "British Dependent Territories" with "British Overseas Territories" in "British Nationality Act 1981" among other new provisions, further clarification was made. Article 14 of the subsequent "Nationality, Immigration and Asylum Act 2002", stated specifically that a person may