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The Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2021

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Changes over time for: Section 26

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Version Superseded: 14/10/2021

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Status:

Point in time view as at 09/08/2021. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the The Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2021, Section 26. Help about Changes to Legislation

Treasury licencesU.K.

This section has no associated Explanatory Memorandum

26.  In regulation 32,—

(a)after paragraph (1), insert—

(1A) The prohibitions in regulation 15B (loans and credit) do not apply to anything done under the authority of a licence issued by the Treasury under this paragraph.

(1B) The prohibition in regulation 15C (insurance and reinsurance services) does not apply to anything done under the authority of a licence issued by the Treasury under this paragraph.;

(b)in paragraph (2)—

(i)after “may issue a licence”, insert “under paragraph (1)”,

(ii)after “for a purpose set out in”, insert “Part 1 of”;

(c)after paragraph (2), insert—

(3) The Treasury may issue a licence under paragraph (1A) which authorises acts by a particular person only where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Part 2 of Schedule 3.

(4) The Treasury may issue a licence under paragraph (1B) which authorises acts by a particular person only where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Part 3 of Schedule 3.

Commencement Information

I1Reg. 26 in force at 9.8.2021 at noon, see reg. 1(2)

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