This
adran has no associated
Memorandwm Esboniadol
60. For regulation 89 (Treasury directions) substitute—
“Financial sanctions directions
89.—(1) The requirements in regulations 19 (severance of existing financial relationships), 23 (designated persons: closure of representative offices) and 26(7) (closure of joint venture or co-operative entities) have effect subject to any exceptions specified in a financial sanctions direction issued by the Governor under this regulation.
(2) The Governor may issue a financial sanctions direction only with the consent of the Secretary of State.”