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 National (Overseas) to the master nationality rule. From 1 July 1987 to 30 June 1997, nearly 3.4 million of British Dependent Territories Citizens in Hong Kong successfully registered for British National (Overseas). All BDTCs in Hong Kong lost their BDTC status on 1 July 1997, and any BDTC who did not register as a BN(O) automatically acquired Chinese nationality or British Overseas Citizenship, depending on their ethnicity. BN(O) status has the following unique characteristics: BN(O)s share the following characteristics with other "inactive" categories of British nationality, i.e., British Overseas Citizens (BOCs), British subjects (BSs) and British Protected Persons (BPPs): Provisions regarding eligibility