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3.—(1) Each of the countries and territories specified in Schedule 1 to this Order is hereby designated for the purposes of sections 39 and 40 of the Act.
(2) In relation to a designated country, the relevant provisions of the Act shall apply, subject to the modifications specified in Schedule 2 to this Order, to external confiscation orders and to proceedings which have been or are to be instituted in the designated country and may result in an external confiscation order being made there, and, accordingly, in relation to such orders and such proceedings, the relevant provisions of the Act shall have effect as set out in Schedule 3 to this Order.
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