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  1. Introductory Text

  2. PART 1 General

    1. 1.Citation and commencement

    2. 2.Interpretation

    3. 3.Application of prohibitions and requirements outside the United Kingdom

    4. 4.Purposes

  3. PART 2 Designation of persons

    1. 5.Power to designate persons

    2. 6.Designation criteria

    3. 7.Meaning of “owned or controlled directly or indirectly”

    4. 8.Notification and publicity where designation power used

    5. 9.Confidential information in certain cases where designation power used

  4. PART 3 Finance

    1. 10.Meaning of “designated person” in Part 3

    2. 11.Asset-freeze in relation to designated persons

    3. 12.Making funds available to designated persons

    4. 13.Making funds available for benefit of designated persons

    5. 14.Making economic resources available to designated persons

    6. 15.Making economic resources available for benefit of designated persons

    7. 16.Circumventing etc. prohibitions

  5. PART 3A Director disqualification sanctions

    1. 16A.Director disqualification sanctions

  6. PART 4 Immigration

    1. 17.Immigration

  7. PART 5 Exceptions and licences

    1. 18.Finance: exceptions from prohibitions

    2. 18A.Finance: exception for authorised conduct in a relevant country

    3. 19.Exception for acts done for purposes of national security or prevention of serious crime

    4. 20.Treasury licences

    5. 20A.Director disqualification licences

    6. 20B.Licences: general provisions

    7. 21.Notices

    8. 22.Finance: licensing offences

    9. 22A.Director disqualification: licensing offences

    10. 23.Section 8B(1) to (3) of the Immigration Act 1971: directions

  8. PART 6 Information and records

    1. 24.Finance: reporting obligations

    2. 25.“Relevant firm”

    3. 26.Finance: powers to request information

    4. 27.Finance: production of documents

    5. 28.Finance: information offences

    6. 29.Disclosure of information

    7. 29A.Finance: disclosure to the Treasury

    8. 30.Part 6: supplementary

  9. PART 7 Enforcement

    1. 31.Penalties for offences

    2. 32.Liability of officers of bodies corporate etc.

    3. 33.Jurisdiction to try offences

    4. 34.Procedure for offences by unincorporated bodies

    5. 35.Time limit for proceedings for summary offences

    6. 36.Application of Chapter 1 of Part 2 of the Serious Organised Crime and Police Act 2005

  10. Signature

  11. SCHEDULES

    1. SCHEDULE 1

      Rules for interpretation of regulation 7(2)

      1. 1.Application of Schedule

      2. 2.Joint interests

      3. 3.Joint arrangements

      4. 4.Calculating shareholdings

      5. 5.Voting rights

      6. 6.In applying regulation 7(2) and this Schedule, the voting rights...

      7. 7.Rights to appoint or remove members of the board

      8. 8.A reference to a board of directors, in the case...

      9. 9.Shares or rights held “indirectly”

      10. 10.Shares held by nominees

      11. 11.Rights treated as held by person who controls their exercise

      12. 12.“Arrangement” includes— (a) any scheme, agreement or understanding, whether or...

      13. 13.Rights exercisable only in certain circumstances etc.

      14. 14.Rights attached to shares held by way of security

    2. SCHEDULE 2

      Treasury licences: purposes

      1. 1.Interpretation

      2. 2.Basic needs

      3. 3.Legal services

      4. 4.Maintenance of frozen funds and economic resources

      5. 5.Extraordinary expenses

      6. 6.Pre-existing judicial decisions etc.

      7. 7.Diplomatic missions etc.

      8. 8.Extraordinary situations

      9. 9.Prior obligations

  12. Explanatory Note