Amendment of the Republic of Guinea-Bissau (Sanctions) (EU Exit) Regulations 2019
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3.—(1) The Republic of Guinea-Bissau (Sanctions) (EU Exit) Regulations 2019() are amended as follows.
(2) In regulation 2 (interpretation), in the appropriate place insert—
““director disqualification licence” means a licence under regulation 20A;”.
(3) In regulation 5(1) (power to designate persons)—
(a)omit “and” following sub-paragraph (a);
(b)after sub-paragraph (a) insert—
“(aa)regulation 16A (Director disqualification sanctions);”.
(4) After regulation 16 (circumventing etc prohibitions), insert—
“PART 3ADirector disqualification sanctions
Director disqualification sanctions
16A. A person who is designated under regulation 5 (power to designate persons) for the purposes of this regulation is a person subject to director disqualification sanctions for the purposes of—
(a)section 11A of the Company Directors Disqualification Act 1986, and
(b)Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002.”.
(5) After regulation 20 (Treasury licences), insert—
“Director disqualification licences
20A. The Secretary of State may issue a licence in relation to any person who is designated under regulation 5 for the purposes of regulation 16A (director disqualification sanctions) providing that the prohibitions in—
(a)section 11A(1) of the Company Directors Disqualification Act 1986, and
(b)Article 15A(1) of the Company Directors Disqualification (Northern Ireland) Order 2002,
do not apply to anything done under the authority of that licence.”.
(6) In regulation 21(1) (licences: general provisions), after “Treasury licences” insert “and director disqualification licences”.
(7) After regulation 22 (finance: licensing offences), insert—
“Director disqualification: licensing offences
22A.—(1) A person (“P”) commits an offence if P knowingly or recklessly—
(a)provides information that is false in a material respect, or
(b)provides or produces a document that is not what it purports to be,
for the purpose of obtaining a director disqualification licence (whether for P or anyone else).
(2) A person who purports to act under the authority of a director disqualification licence but who fails to comply with any condition of the licence commits an offence.
(3) A licence in respect of which an offence under paragraph (1) has been committed is to be treated as void from the time at which it was issued.”.
(8) In regulation 29(1)(b)(i) (disclosure of information), for “or Part 3 (Finance),” substitute “, Part 3 (Finance) or Part 3A (Director disqualification sanctions)”.
(9) In regulation 31(3) (penalties for offences), after “under regulation” insert “22A (director disqualification: licensing offences),”.