There are currently no known outstanding effects for the Sanctions and Anti-Money Laundering Act 2018, Section 42.
(1)An appropriate Minister may make regulations (“suspending regulations”) providing that—
(a)while the suspending regulations have effect, or
(b)for a specified period,
a specified prohibition or requirement of regulations under section 1 is not to have effect.
(2)In this section “specified” means specified in the suspending regulations.
(3)A period specified under subsection (1)(b) may be expressed in any way, including, for example, being expressed in a way such that—
(a)the period begins, or ends, when a specified condition is met, or
(b)the period begins when a specified condition is met and lasts for so long as the suspending regulations or a specified provision of those regulations has effect.
Modifications etc. (not altering text)
C1Pt. 1: power to amend conferred (15.3.2022) by Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 66(1)(a), 69(3)
Commencement Information
I1S. 42 in force at 22.11.2018 by S.I. 2018/1213, reg. 2(b)
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