The Sanctions (EU Exit) (Miscellaneous Amendments and Revocations) Regulations 2024

Amendment of the Venezuela (Sanctions) (EU Exit) Regulations 2019

2.—(1) The Venezuela (Sanctions) (EU Exit) Regulations 2019(1) are amended as follows.

(2) In regulation 2 (interpretation), in the appropriate place insert—

““director disqualification licence” means a licence under regulation 35A;”.

(3) In regulation 5(1) (power to designate persons)—

(a) omit “and” following sub-paragraph (a),

(b) after sub-paragraph (a) insert—

“(aa) regulation 16A (Director disqualification sanctions);”.

(4) After regulation 16 (circumventing etc prohibitions), insert—

“PART 3A Director disqualification sanctions

Director disqualification sanctions

16A.   A person who is designated under regulation 5 (power to designate persons) for the purposes of this regulation is a person subject to director disqualification sanctions for the purposes of—

(a) section 11A of the Company Directors Disqualification Act 1986(2), and

(b) Article 15A of the Company Directors Disqualification (Northern Ireland) Order 2002(3).”.

(5) After regulation 35 (Treasury licences), insert—

“Director disqualification licences

35A.   The Secretary of State may issue a licence in relation to any person who is designated under regulation 5 for the purposes of regulation 16A (director disqualification sanctions) providing that the prohibitions in—

(a) section 11A(1) of the Company Directors Disqualification Act 1986, and

(b) Article 15A(1) of the Company Directors Disqualification (Northern Ireland) Order 2002,

do not apply to anything done under the authority of that licence.”.

(6) In regulation 37(1) (licences: general provisions), after “Treasury licences” insert “, director disqualification licences”.

(7) After regulation 38 (finance: licensing offences), insert—

“Director disqualification: licensing offences

38A.— (1) A person (“P”) commits an offence if P knowingly or recklessly—

(a) provides information that is false in a material respect, or

(b) provides or produces a document that is not what it purports to be,

for the purpose of obtaining a director disqualification licence (whether for P or anyone else).

(2) A person who purports to act under the authority of a director disqualification licence but who fails to comply with any condition of the licence commits an offence.

(3) A licence in respect of which an offence under paragraph (1) has been committed is to be treated as void from the time at which it was issued.”.

(8) In regulation 49(1)(b)(i) (disclosure of information), after “Part 3 (Finance),” insert “Part 3A (Director disqualification sanctions),”.

(9) In regulation 51(3) (penalties for offences), in the opening words, after “9(6) (confidentiality),” insert “38A (director disqualification: licensing offences),”.

(10) In regulation 56 (trade enforcement: application of CEMA), after paragraph (3), insert—

“(3A) The Commissioners(4) may not investigate the suspected commission of a relevant offence(5) listed in paragraph (3B), (3C) or (3D) unless the suspected offence has been the subject of—

(a) a referral to the Commissioners by the Secretary of State, or

(b) a decision by the Commissioners to treat the suspected offence as if it had been referred to them under sub-paragraph (a).

(3B) Paragraph (3A) applies to the suspected commission of an offence under regulation 30(4) (provision of military-related services).

(3C) Paragraph (3A) also applies to the suspected commission of a relevant offence under any of regulations 39(1), 39(2), 47(6) and 48(5) insofar as—

(a) the suspected offence relates to a licence issued under regulation 36 (trade licences), and

(b) the prohibited activity authorised by that licence would, if no licence had been issued, amount to an offence specified in paragraph (3B).

(3D) Paragraph (3A) also applies to the suspected commission of a relevant offence under regulation 31(2) (circumventing etc prohibitions), insofar as the prohibited activity to which the suspected offence relates is the circumvention of, or enabling or facilitation of a contravention of, a prohibition in relation to an offence specified in paragraph (3B).”.

(1)

S.I. 2019/135, amended by S.I. 2020/590; S.I. 2020/951; S.I. 2022/500; S.I. 2022/818; and S.I. 2023/149.

(2)

1986 c. 46. Section 11A was inserted by section 36 of the 2023 Act.

(3)

S.I. 2002/3150 (N.I. 4). Article 15A was inserted by section 38 of the Economic Crime and Corporate Transparency Act 2023.

(4)

For the meaning of “the Commissioners”, see regulation 2 of S.I. 2019/135.

(5)

For the meaning of “relevant offence”, see regulation 38A(3) of S.I. 2019/135.