Application of prohibitions and requirements outside the United Kingdom
This section has no associated Explanatory Memorandum
3.—(1) A United Kingdom person may contravene a relevant prohibition by conduct wholly or partly outside the United Kingdom.
(2) Any person may contravene a relevant prohibition, or a prohibition under regulation 65(1)(a) (overflight of aircraft) or a prohibition imposed by a condition of an aircraft licence by conduct in the territorial sea.
(3) In this regulation a “relevant prohibition” means any prohibition imposed by—
(a)regulation 9(2) (confidential information),
(b)Part 4 (Finance),
(c)Part 6 (Trade),
(d)regulation 66(5) (non-disclosure),
(e)Part 8 (Ships),
(f)regulation 101(2) (proliferation financing), or
(g)a condition of a Treasury licence, a Treasury direction, a trade licence or a ship licence.
(4) A United Kingdom person may comply, or fail to comply, with a relevant requirement by conduct wholly or partly outside the United Kingdom.
(5) Any person may comply, or fail to comply, with a relevant requirement, a requirement imposed by a direction under regulation 65(4) (direction by air traffic control to operator or pilot of DPRK aircraft) or 73 (movement of ships) or a requirement imposed by a condition of an aircraft licence, by conduct in the territorial sea.
(6) In this regulation a “relevant requirement” means any requirement imposed—
(a)by Chapter 2 of Part 4 (Investment, financial services and financial markets),
(b)by or under Part 10 (Information and records), or by reason of a request made under a power conferred by that Part, or
(c)by a condition of a Treasury licence, a Treasury direction, a trade licence or a ship licence.
(7) Nothing in this regulation is to be taken to prevent a relevant prohibition or a relevant requirement from applying to conduct (by any person) in the United Kingdom.