The Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) Order 2020

100.  In regulation 131 (transitional provision: Treasury licences)—

(a) in the heading, for “Treasury licences” substitute “financial sanctions licences”;

(b) in paragraph (1)(a), for “by the Treasury under regulation 19 or 23 of the 2017 Regulations” substitute “by the Governor under article 11 of the 2012 Order”;

(c) in paragraph (2), for “Treasury under regulation 88(1) (Treasury licences)” substitute “Governor under regulation 88(1) (financial sanctions licences)”;

(d) in paragraph (3), for “Treasury under regulation 89 (Treasury directions)” substitute “Governor under regulation 89 (financial sanctions directions)”;

(e) in paragraph (4), for “2017 Regulations” substitute “2012 Order”;

(f) in paragraph (5), before sub-paragraph (a), insert—

“(za) the 2012 Order,”;

(g) in paragraph (6)(a), for “2017 Regulations” substitute “2012 Order”;

(h) in paragraph (9)—

(i) at the appropriate place, insert—

““the 2012 Order” means the Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) Order 2012(1);”;

(ii) for the definition of “the relevant date” substitute—

““the relevant date” means the date on which Part 4 comes into force.”

(1)

S.I. 2012/3066, amended by S.I. 2013/1718; S.I. 2013/2599; S.I. 2016/630; S.I. 2016/769; S.I. 2016/991; S.I. 2017/320; S.I. 2017/780; S.I. 2017/1108; S.I. 2017/1277; S.I. 2018/524 and S.I. 2018/1076.