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4.—(1) The Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019(1) are amended as follows.
(2) In regulation 19 (Treasury licences) omit paragraphs (2) to (5).
(3) After regulation 19A (director disqualification licences)(2) insert—
19B.—(1) This regulation applies in relation to Treasury licences and director disqualification licences.
(2) A licence must specify the acts authorised by it.
(3) A licence may be general or may authorise acts by a particular person or persons of a particular description.
(4) A licence may—
(a)contain conditions;
(b)be of indefinite duration or a defined duration.
(5) A person who issues a licence may vary, revoke or suspend it at any time.
(6) A person who issues, varies, revokes or suspends a licence which authorises acts by a particular person must give written notice to that person of the issue, variation, revocation or suspension of the licence.
(7) A person who issues, varies, revokes or suspends a general licence or a licence which authorises acts by persons of a particular description must take such steps as that person considers appropriate to publicise the issue, variation, revocation or suspension of the licence.”.
S.I. 2019/577, amended by S.I. 2020/950; S.I. 2020/1289; S.I. 2022/500; S.I. 2022/819; S.I. 2023/149; S.I. 2024/644; and the Sentencing Act 2020 (c. 17).
Regulation 19A was inserted by S.I. 2024/644.
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