PART 2EU financial sanctions
I149Duty of the Secretary of State to issue a policy statement
1
The Secretary of State must publish a statement of policy with respect to—
a
the designation of public authorities under section 52;
b
the imposition and variation of requirements to make payments under this Part; and
c
such other matters relating to the operation of the provisions of this Part as the Secretary of State may think it appropriate to include in the statement.
2
The Secretary of State may from time to time revise and republish the statement of policy required by this section.
3
A revised statement of policy may include saving or transitional provisions relating to the continued application for any purpose of any provisions of an earlier published version of the statement.
4
The Secretary of State must consult such persons as the Secretary of State considers appropriate before publishing, or revising and republishing, the statement of policy required by this section.
5
In exercising functions under this Part in relation to an EU financial sanction which has been or may be imposed on the United Kingdom—
a
a Minister of the Crown, and
b
a panel established under section 53,
must have regard to the statement of policy most recently published under this section.