Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThis
Section
only
Changes over time for: Section 19
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 25/03/2019.
Changes to legislation:
The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019, Section 19 is up to date with all changes known to be in force on or before 02 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
UK credit or financial institutions: severance of existing financial relationshipsU.K.
This section has no associated Explanatory Memorandum
19.—(1) A UK credit or financial institution must—
(a)close any bank account with,
(b)terminate any correspondent banking relationship with,
(c)terminate any joint venture with, and
(d)relinquish any ownership interest in,
a person falling within regulation 18(2).
(2) A UK credit or financial institution must—
(a)close any representative office of that institution in the DPRK; and
(b)close any branch or subsidiary of that institution in the DPRK.
(3) Paragraphs (1) and (2) are subject to Part 9 (Exceptions and licences).
(4) A person who fails to comply with a requirement in paragraph (1) or (2) commits an offence.
Back to top