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The Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 2017
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- UK Statutory Instruments
- 2017 No. 218
- PART 3
- Regulation 22
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Real property
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22.—(1) A person must not—
(a)lease, or otherwise make available, real property, directly or indirectly, to persons, entities or bodies of the Government of the Democratic People’s Republic of Korea;
(b)lease real property, directly or indirectly, from persons, entities or bodies of the Government of the Democratic People’s Republic of Korea;
(c)engage in any activity linked to the use of real property that persons, entities or bodies of the Government of the Democratic People’s Republic of Korea own, lease or are otherwise entitled to use.
(2) The prohibition in paragraph (1)(a) does not apply where the real property is used for diplomatic or consular activities.
(3) The prohibition in paragraph 1(c) does not apply to the provision of goods and services which—
(a)are essential for the functioning of diplomatic missions or consular posts; and
(b)cannot be used to generate income or profit directly or indirectly for the Government of the Democratic People’s Republic of Korea.
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