http://www.legislation.gov.uk/uksi/2022/819/regulation/14/madeThe Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2022enKing's Printer of Acts of Parliament2023-02-14SANCTIONS These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) (“the Sanctions Act”). Amendment of the Sudan (Sanctions) (EU Exit) Regulations 2020 14 1 The Sudan (Sanctions) (EU Exit) Regulations 2020 are amended as follows. 2 In regulation 41 (finance reporting obligations: meaning of relevant firm)— a after paragraph (1)(g) insert— h a cryptoasset exchange provider; i a custodian wallet provider. ; b after paragraph (3) insert— 3A In paragraph (1), a “cryptoasset exchange provider” means a firm or sole practitioner that by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved— a exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets, b exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or c operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets. 3B In paragraph (1), a “custodian wallet provider” means a firm or sole practitioner that by way of business provides services to safeguard, or to safeguard and administer— a cryptoassets on behalf of its customers, or b private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets. 3C For the purposes of this regulation— a cryptoasset” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically; b money” means— i money in sterling, ii money in any other currency, or iii money in any other medium of exchange, but does not include a cryptoasset; and c in sub-paragraphs (a) to (c) of paragraph (3A), “cryptoasset” includes a right to, or interest in, the cryptoasset. . 3 After regulation 48 (disclosure of information) insert— Finance: disclosure to the Treasury 48A 1 A relevant public authority may disclose information to the Treasury if the disclosure is made for the purpose of enabling or assisting the Treasury to discharge any of its functions in connection with sanctions. 2 In this regulation— relevant public authority” means— any person holding or acting in any office under or in the service of— the Crown in right of the Government of the United Kingdom, the Crown in right of the Scottish Government, the Northern Ireland Executive or the Welsh Government, any local authority, any police officer, the Financial Conduct Authority, the Prudential Regulation Authority, the Bank of England or any other regulatory body in the United Kingdom, or any other person exercising functions of a public nature; local authority” means— in relation to England— a county council, a district council, a London Borough council, the Common Council of the City of London in its capacity as a local authority, the Council of the Isles of Scilly, or an eligible parish council within the meaning of section 1(2) of the Local Government Act 2000, in relation to Wales, a county council, a county borough council or a community council, in relation to Scotland, a council constituted under section 2 of the Local Government etc. (Scotland) Act 1994, or in relation to Northern Ireland, a district council. . 4 In regulation 49 (Part 7: Supplementary)— a in paragraph (1), after “under regulation 48” insert “or 48A”; b in paragraph (2), for “that regulation” substitute “those regulations”; c in paragraph (4)— i for “Regulation 48 does” substitute “Regulations 48 and 48A do”; ii for “that regulation” substitute “those regulations”. S.I. 2020/753. 2000 c. 22. 1994 c. 39.
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819" NumberOfProvisions="33" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0">
<ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
<dc:identifier>http://www.legislation.gov.uk/uksi/2022/819/regulation/14/made</dc:identifier>
<dc:title>The Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2022</dc:title>
<dc:language>en</dc:language>
<dc:publisher>King's Printer of Acts of Parliament</dc:publisher>
<dc:modified>2023-02-14</dc:modified>
<dc:subject scheme="SIheading">SANCTIONS</dc:subject>
<dc:description>These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) (“the Sanctions Act”).</dc:description>
<atom:link rel="self" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/made/data.xml" type="application/xml"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/uksi/2022/819/resources" title="More Resources"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/memorandum" href="http://www.legislation.gov.uk/uksi/2022/819/memorandum" title="Explanatory Memorandum"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/memorandum/toc" href="http://www.legislation.gov.uk/uksi/2022/819/memorandum/contents" title="Explanatory Memorandum Table of Contents"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/uksi/2022/819/made" title="whole act"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/uksi/2022/819/introduction/made" title="introduction"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/signature" href="http://www.legislation.gov.uk/uksi/2022/819/signature/made" title="signature"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/note" href="http://www.legislation.gov.uk/uksi/2022/819/note/made" title="note"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/uksi/2022/819/body/made" title="body"/>
<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/made/data.rdf" title="RDF/XML"/>
<atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/made/data.akn" title="AKN"/>
<atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/made/data.xht" title="HTML snippet"/>
<atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/made/data.htm" title="Website (XHTML) Default View"/>
<atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/made/data.csv" title="CSV"/>
<atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/made/data.pdf" title="PDF"/>
<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/made/data.html" title="HTML5 snippet"/>
<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/uksi/2022/819/contents/made" title="Table of Contents"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/uksi/2022/819/made" title="Entire legislation"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/13/made" title="Provision; Regulation 13"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/13/made" title="Provision; Regulation 13"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/15/made" title="Provision; Regulation 15"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/uksi/2022/819/regulation/15/made" title="Provision; Regulation 15"/>
<ukm:SecondaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="secondary"/>
<ukm:DocumentMainType Value="UnitedKingdomStatutoryInstrument"/>
<ukm:DocumentStatus Value="final"/>
<ukm:DocumentMinorType Value="regulation"/>
</ukm:DocumentClassification>
<ukm:Year Value="2022"/>
<ukm:Number Value="819"/>
<ukm:Made Date="2022-07-14"/>
<ukm:Laid Date="2022-07-19" Class="UnitedKingdomParliament"/>
<ukm:ISBN Value="9780348237658"/>
</ukm:SecondaryMetadata>
<ukm:Notes>
<ukm:Note IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/notes"/>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2022/819/pdfs/uksiem_20220819_en_001.pdf" Date="2022-08-25" Title="Revised UK Explanatory Memorandum" Size="50476"/>
<ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2022/819/pdfs/uksiem_20220819_en.pdf" Date="2022-07-19" Title="UK Explanatory Memorandum" Size="47885"/>
</ukm:Alternatives>
</ukm:Notes>
<ukm:CorrectionSlips>
<ukm:CorrectionSlip URI="http://www.legislation.gov.uk/uksi/2022/819/pdfs/uksics_20220819_en_001.pdf" Date="2023-02-14" Title="Correction Slip 1" Size="104521"/>
</ukm:CorrectionSlips>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/uksi/2022/819/pdfs/uksi_20220819_en.pdf" Date="2022-07-19" Size="167513"/>
</ukm:Alternatives>
<ukm:Statistics>
<ukm:TotalParagraphs Value="33"/>
<ukm:BodyParagraphs Value="33"/>
<ukm:ScheduleParagraphs Value="0"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="0"/>
</ukm:Statistics>
</ukm:Metadata>
<Secondary>
<Body DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/body/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/body" NumberOfProvisions="33">
<P1group>
<Title>Amendment of the Sudan (Sanctions) (EU Exit) Regulations 2020</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14" id="regulation-14">
<Pnumber>14</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/1/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/1" id="regulation-14-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>
The Sudan (Sanctions) (EU Exit) Regulations 2020
<FootnoteRef Ref="f00039"/>
are amended as follows.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/2/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/2" id="regulation-14-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>In regulation 41 (finance reporting obligations: meaning of relevant firm)—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/2/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/2/a" id="regulation-14-2-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>after paragraph (1)(g) insert—</Text>
<BlockAmendment Context="unknown" Format="double" TargetClass="unknown" TargetSubClass="unknown">
<P3>
<Pnumber>h</Pnumber>
<P3para>
<Text>a cryptoasset exchange provider;</Text>
</P3para>
</P3>
<P3>
<Pnumber>i</Pnumber>
<P3para>
<Text>a custodian wallet provider.</Text>
</P3para>
</P3>
</BlockAmendment>
<AppendText>;</AppendText>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/2/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/2/b" id="regulation-14-2-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>after paragraph (3) insert—</Text>
<BlockAmendment Context="unknown" Format="double" TargetClass="unknown" TargetSubClass="unknown">
<P2>
<Pnumber>3A</Pnumber>
<P2para>
<Text>
In paragraph (1), a “
<Term>cryptoasset exchange provider</Term>
” means a firm or sole practitioner that by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved—
</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>exchanging, or arranging or making arrangements with a view to the exchange of, one cryptoasset for another, or</Text>
</P3para>
</P3>
<P3>
<Pnumber>c</Pnumber>
<P3para>
<Text>operating a machine which utilises automated processes to exchange cryptoassets for money or money for cryptoassets.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2>
<Pnumber>3B</Pnumber>
<P2para>
<Text>
In paragraph (1), a “
<Term>custodian wallet provider</Term>
” means a firm or sole practitioner that by way of business provides services to safeguard, or to safeguard and administer—
</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>cryptoassets on behalf of its customers, or</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>private cryptographic keys on behalf of its customers in order to hold, store and transfer cryptoassets.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2>
<Pnumber>3C</Pnumber>
<P2para>
<Text>For the purposes of this regulation—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>
<Term>cryptoasset</Term>
” means a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically;
</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>
<Term>money</Term>
” means—
</Text>
<P4>
<Pnumber>i</Pnumber>
<P4para>
<Text>money in sterling,</Text>
</P4para>
</P4>
<P4>
<Pnumber>ii</Pnumber>
<P4para>
<Text>money in any other currency, or</Text>
</P4para>
</P4>
<P4>
<Pnumber>iii</Pnumber>
<P4para>
<Text>money in any other medium of exchange,</Text>
</P4para>
</P4>
<Text>but does not include a cryptoasset; and</Text>
</P3para>
</P3>
<P3>
<Pnumber>c</Pnumber>
<P3para>
<Text>
in sub-paragraphs (a) to (c) of paragraph (3A), “
<Term>cryptoasset</Term>
” includes a right to, or interest in, the cryptoasset.
</Text>
</P3para>
</P3>
</P2para>
</P2>
</BlockAmendment>
<AppendText>.</AppendText>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/3/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/3" id="regulation-14-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>After regulation 48 (disclosure of information) insert—</Text>
<BlockAmendment Context="unknown" Format="double" TargetClass="secondary" TargetSubClass="unknown">
<P1group>
<Title>Finance: disclosure to the Treasury</Title>
<P1>
<Pnumber PuncAfter=".">48A</Pnumber>
<P1para>
<P2>
<Pnumber>1</Pnumber>
<P2para>
<Text>A relevant public authority may disclose information to the Treasury if the disclosure is made for the purpose of enabling or assisting the Treasury to discharge any of its functions in connection with sanctions.</Text>
</P2para>
</P2>
<P2>
<Pnumber>2</Pnumber>
<P2para>
<Text>In this regulation—</Text>
<UnorderedList Class="Definition" Decoration="none">
<ListItem>
<Para>
<Text>
<Term>relevant public authority</Term>
” means—
</Text>
<OrderedList Type="alpha" Decoration="parens">
<ListItem>
<Para>
<Text>any person holding or acting in any office under or in the service of—</Text>
<OrderedList Type="roman" Decoration="parens">
<ListItem>
<Para>
<Text>the Crown in right of the Government of the United Kingdom,</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>the Crown in right of the Scottish Government, the Northern Ireland Executive or the Welsh Government,</Text>
</Para>
</ListItem>
</OrderedList>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>any local authority,</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>any police officer,</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>the Financial Conduct Authority, the Prudential Regulation Authority, the Bank of England or any other regulatory body in the United Kingdom, or</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>any other person exercising functions of a public nature;</Text>
</Para>
</ListItem>
</OrderedList>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
<Term>local authority</Term>
” means—
</Text>
<OrderedList Type="alpha" Decoration="parens">
<ListItem>
<Para>
<Text>in relation to England—</Text>
<OrderedList Type="roman" Decoration="parens">
<ListItem>
<Para>
<Text>a county council,</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>a district council,</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>a London Borough council,</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>the Common Council of the City of London in its capacity as a local authority,</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>the Council of the Isles of Scilly, or</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
an eligible parish council within the meaning of section 1(2) of the Local Government Act 2000
<FootnoteRef Ref="f00040"/>
,
</Text>
</Para>
</ListItem>
</OrderedList>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>in relation to Wales, a county council, a county borough council or a community council,</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
in relation to Scotland, a council constituted under section 2 of the Local Government etc. (Scotland) Act 1994
<FootnoteRef Ref="f00041"/>
, or
</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>in relation to Northern Ireland, a district council.</Text>
</Para>
</ListItem>
</OrderedList>
</Para>
</ListItem>
</UnorderedList>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</BlockAmendment>
<AppendText>.</AppendText>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/4/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/4" id="regulation-14-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>In regulation 49 (Part 7: Supplementary)—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/4/a/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/4/a" id="regulation-14-4-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>
in paragraph (1), after “under regulation 48” insert
<InlineAmendment>“or 48A”</InlineAmendment>
;
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/4/b/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/4/b" id="regulation-14-4-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>
in paragraph (2), for “that regulation” substitute
<InlineAmendment>“those regulations”</InlineAmendment>
;
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/4/c/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/4/c" id="regulation-14-4-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>in paragraph (4)—</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/4/c/i/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/4/c/i" id="regulation-14-4-c-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>
for “Regulation 48 does” substitute
<InlineAmendment>“Regulations 48 and 48A do”</InlineAmendment>
;
</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/uksi/2022/819/regulation/14/4/c/ii/made" IdURI="http://www.legislation.gov.uk/id/uksi/2022/819/regulation/14/4/c/ii" id="regulation-14-4-c-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>
for “that regulation” substitute
<InlineAmendment>“those regulations”</InlineAmendment>
.
</Text>
</P4para>
</P4>
</P3para>
</P3>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</Body>
</Secondary>
<Footnotes>
<Footnote id="f00039">
<FootnoteText>
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/uksi/2020/753" id="c00095" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="0753">S.I. 2020/753</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00040">
<FootnoteText>
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/22" id="c00096" Class="UnitedKingdomPublicGeneralAct" Year="2000" Number="0022">2000 c. 22</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
<Footnote id="f00041">
<FootnoteText>
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1994/39" id="c00097" Class="UnitedKingdomPublicGeneralAct" Year="1994" Number="0039">1994 c. 39</Citation>
.
</Text>
</Para>
</FootnoteText>
</Footnote>
</Footnotes>
</Legislation>