The South Sudan (Sanctions) (EU Exit) Regulations 2019

Yn ddilys o 31/12/2020

Transitional provision: Treasury licences U.K.

69.—(1) Paragraphs (2) to (4) apply to a licence which—

(a) was granted, or deemed to be granted, by the Treasury under regulation 9 of the 2015 Regulations,

(b) was in effect immediately before the relevant date, and

(c) authorises conduct which would (on and after the relevant date, and in the absence of paragraphs (2) to (4)) be prohibited under Part 3 (Finance),

and such a licence is referred to in this regulation as “an existing financial sanctions licence”.

(2) An existing financial sanctions licence has effect on and after the relevant date as if it had been issued by the Treasury under regulation 33(1) (Treasury licences).

(3) Any reference in an existing financial sanctions licence to the 2015 Regulations is to be treated on and after the relevant date as a reference to these Regulations.

(4) Any reference in an existing financial sanctions licence to a prohibition in—

(a) the 2015 Regulations,

(b) the EU South Sudan Regulation, or

(c) Council Regulation (EU) No 748/2014 of 10 July 2014 concerning restrictive measures in respect of the situation in South Sudan M1 ,

is to be treated on and after the relevant date as a reference to the corresponding prohibition in Part 3.

(5) Paragraph (6) applies where—

(a) an application for a licence, or for the variation of a licence, under the 2015 Regulations was made before the relevant date,

(b) the application is for the authorisation of conduct which would (on an after the relevant date) be prohibited under Part 3, and

(c) a decision to grant or refuse the application has not been made before that date.

(6) The application is to be treated on and after the relevant date as an application for a licence, or for the variation of a licence (as the case may be), under regulation 33(1) (Treasury licences).

(7) In paragraphs (3) and (4), a reference to the 2015 Regulations is to be treated as including a reference to the South Sudan (European Union Financial Sanctions) Regulations 2014 M2 .

(8) In this regulation—

“the 2015 Regulations” means the South Sudan (European Union Financial Sanctions) (No. 2) Regulations 2015;

“the relevant date” means—

(a)

where regulations under section 56 of the Act provide that Part 3 comes into force at a specified time on a day, that time on that day;

(b)

otherwise, the date on which Part 3 comes into force.

Commencement Information

I1 Reg. 69 not in force at made date, see reg. 1(2)

Marginal Citations

M1 OJ L 203 11.7.2014, p.13.

M2 S.I. 2014/1827, as amended by the Wales Act 2014 c.29. These regulations were revoked and replaced by S.I. 2015/1361.