The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2023

Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020

7.  In paragraph 44 (regulation 71: “relevant firm”), in the substituted text—

(a) for sub-paragraph (1)(c)(v) substitute—

“(v) company services, or

(vi) trust services;”

(b) in paragraph (2), omit the definition of “trust or company services” and at the appropriate places insert—

““company services” means any of the following services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

(i)

as a director or secretary of a company,

(ii)

as a partner of a partnership, or

(iii)

in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as a nominee shareholder for a person;”;

““trust services” has the meaning given in regulation 18C(7) (trust services).”