2017 No. 754

Criminal Law

The European Union Financial Sanctions (Amendment of Information Provisions) Regulations 2017

Made

Laid before Parliament

Coming into force

The Treasury are designated1 for the purposes of section 2(2) of the European Communities Act 19722 in relation to restrictive measures against persons or bodies listed by an international organisation.

The Treasury, in exercise of the powers conferred by section 2(2) of the European Communities Act 1972, make the following Regulations.

Citation and commencementI11

These Regulations may be cited as the European Union Financial Sanctions (Amendment of Information Provisions) Regulations 2017 and come into force on 8th August 2017.

Annotations:
Commencement Information
I1

Reg. 1 in force at 8.8.2017, see reg. 1

Zimbabwe (Financial Sanctions) Regulations 2009I22

1

Paragraph 2 of the Schedule (information gathering provisions) to the Zimbabwe (Financial Sanctions) Regulations 20093 is amended as follows.

2

In sub-paragraphs (1) to (4), after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

3

In sub-paragraph (5), after “institution”, in each place it occurs, insert “or relevant business or profession”.

4

After sub-paragraph (5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 20064 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 20145 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 20056 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 19797 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I2

Reg. 2 in force at 8.8.2017, see reg. 1

Somalia (Asset-Freezing) Regulations 2010I33

1

The Schedule (information provisions) to the Somalia (Asset-Freezing) Regulations 20108 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I3

Reg. 3 in force at 8.8.2017, see reg. 1

Egypt (Asset-Freezing) Regulations 2011I44

1

The Schedule (information provisions) to the Egypt (Asset-Freezing) Regulations 20119 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I4

Reg. 4 in force at 8.8.2017, see reg. 1

Tunisia (Asset-Freezing) Regulations 2011I55

1

The Schedule (information provisions) to the Tunisia (Asset-Freezing) Regulations 201110 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph (5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I5

Reg. 5 in force at 8.8.2017, see reg. 1

Iran (Asset-Freezing) Regulations 2011I66

1

The Schedule (information provisions) to the Iran (Asset-Freezing) Regulations 201111 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I6

Reg. 6 in force at 8.8.2017, see reg. 1

Afghanistan (Asset-Freezing) Regulations 2011I77

1

The Schedule (information provisions) to the Afghanistan (Asset-Freezing) Regulations 201112 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I7

Reg. 7 in force at 8.8.2017, see reg. 1

ISIL (Da’esh) and Al-Qaida (Asset-Freezing) Regulations 2011I88

1

Schedule 1 (information provisions) to the ISIL (Da’esh) and Al-Qaida (Asset-Freezing) Regulations 201113 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I8

Reg. 8 in force at 8.8.2017, see reg. 1

Syria (European Union Financial Sanctions) Regulations 2012I99

1

The Schedule (information provisions) to the Syria (European Union Financial Sanctions) Regulations 201214 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I9

Reg. 9 in force at 8.8.2017, see reg. 1

Guinea-Bissau (Asset-Freezing) Regulations 2012I1010

1

The Schedule (information provisions) to the Guinea-Bissau (Asset-Freezing) Regulations 201215 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I10

Reg. 10 in force at 8.8.2017, see reg. 1

Iraq (Asset-Freezing) Regulations 2012I1111

1

Schedule 1 (information provisions) to the Iraq (Asset-Freezing) Regulations 201216 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I11

Reg. 11 in force at 8.8.2017, see reg. 1

Republic of Guinea (Asset-Freezing) Regulations 2012I1212

1

The Schedule (information provisions) to the Republic of Guinea (Asset-Freezing) Regulations 201217 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I12

Reg. 12 in force at 8.8.2017, see reg. 1

Democratic Republic of the Congo (Asset-Freezing) Regulations 2012I1313

1

The Schedule (information provisions) to the Democratic Republic of the Congo (Asset-Freezing) Regulations 201218 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I13

Reg. 13 in force at 8.8.2017, see reg. 1

Eritrea (Asset-Freezing) Regulations 2012I1414

1

The Schedule (information provisions) to the Eritrea (Asset-Freezing) Regulations 201219 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I14

Reg. 14 in force at 8.8.2017, see reg. 1

Lebanon and Syria (Asset-Freezing) Regulations 2012I1515

1

The Schedule (information provisions) to the Lebanon and Syria (Asset-Freezing) Regulations 201220 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I15

Reg. 15 in force at 8.8.2017, see reg. 1

Belarus (Asset-Freezing) Regulations 2013I1616

1

The Schedule (information provisions) to the Belarus (Asset-Freezing) Regulations 201321 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I16

Reg. 16 in force at 8.8.2017, see reg. 1

Ukraine (European Union Financial Sanctions) Regulations 2014I1717

1

The Schedule (information provisions) to the Ukraine (European Union Financial Sanctions) Regulations 201422 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “relevant institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I17

Reg. 17 in force at 8.8.2017, see reg. 1

Central African Republic (European Union Financial Sanctions) Regulations 2014I1818

1

The Schedule (information provisions) to the Central African Republic (European Union Financial Sanctions) Regulations 201423 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I18

Reg. 18 in force at 8.8.2017, see reg. 1

Ukraine (European Union Financial Sanctions) (No. 2) Regulations 2014I1919

1

The Schedule (information provisions) to the Ukraine (European Union Financial Sanctions) (No. 2) Regulations 201424 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I19

Reg. 19 in force at 8.8.2017, see reg. 1

Sudan (European Union Financial Sanctions) Regulations 2014I2020

1

The Schedule (information provisions) to the Sudan (European Union Financial Sanctions) Regulations 201425 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I20

Reg. 20 in force at 8.8.2017, see reg. 1

Ukraine (European Union Financial Sanctions) (No. 3) Regulations 2014I2121

1

The Schedule (information provisions) to the Ukraine (European Union Financial Sanctions) (No. 3) Regulations 201426 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

After paragraph 1(3) insert—

4

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

5

For the purpose of sub-paragraph (4)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

6

In sub-paragraph (5)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I21

Reg. 21 in force at 8.8.2017, see reg. 1

Yemen (European Union Financial Sanctions) Regulations 2014I2222

1

The Schedule (information provisions) to the Yemen (European Union Financial Sanctions) Regulations 201427 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business of profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I22

Reg. 22 in force at 8.8.2017, see reg. 1

South Sudan (European Union Financial Sanctions) (No. 2) Regulations 2015I2323

1

The Schedule (information provisions) to the South Sudan (European Union Financial Sanctions) (No. 2) Regulations 201528 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business of profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business of profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I23

Reg. 23 in force at 8.8.2017, see reg. 1

Burundi (European Union Financial Sanctions) Regulations 2015I2424

1

The Schedule (information provisions) to the Burundi (European Union Financial Sanctions) Regulations 201529 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I24

Reg. 24 in force at 8.8.2017, see reg. 1

Iran (European Union Financial Sanctions) Regulations 2016I2525

1

The Schedule (information provisions) to the Iran (European Union Financial Sanctions) Regulations 201630 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I25

Reg. 25 in force at 8.8.2017, see reg. 1

Libya (European Union Financial Sanctions) Regulations 2016I2626

1

The Schedule (information provisions) to the Libya (European Union Financial Sanctions) Regulations 201631 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I26

Reg. 26 in force at 8.8.2017, see reg. 1

Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 2017I2727

1

The Schedule (information provisions) to the Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 201732 is amended as follows.

2

In the heading to paragraph 1, at the end, insert “and others”.

3

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

4

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

5

After paragraph 1(5) insert—

6

In this paragraph, a “relevant business or profession” means—

a

an auditor;

b

a casino;

c

a dealer in precious metals or stones;

d

an estate agent;

e

an external accountant;

f

an independent legal professional;

g

a tax adviser; and

h

a trust or company service provider,

operating in the United Kingdom.

7

For the purpose of sub-paragraph (6)—

  • “auditor” means any firm or sole practitioner who is—

    1. a

      a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

    2. b

      a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

  • “casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

  • “dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

    1. a

      articles made from gold, silver, platinum or palladium; or

    2. b

      precious stones or pearls;

  • “estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

  • “external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

  • “independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

  • “tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

  • “trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

    1. a

      forming companies or other legal persons;

    2. b

      acting, or arranging for another person to act—

      1. i

        as a director or secretary of a company;

      2. ii

        as a partner of a partnership; or

      3. iii

        in a similar capacity in relation to other legal persons;

    3. 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;

    4. d

      acting, or arranging for another person to act, as—

      1. i

        a trustee of an express trust or similar legal arrangement; or

      2. ii

        a nominee shareholder for a person.

8

In sub-paragraph (7)—

a

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

b

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.

Annotations:
Commencement Information
I27

Reg. 27 in force at 8.8.2017, see reg. 1

ExclusionsI2828

These Regulations do not apply to—

a

the Auditor General for Scotland;

b

the Auditor General for Wales;

c

the Bank of England;

d

the Comptroller and Auditor General;

e

the Comptroller and Auditor General for Northern Ireland.

Annotations:
Commencement Information
I28

Reg. 28 in force at 8.8.2017, see reg. 1

Mark SpencerHeather WheelerTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations make provision relating to the enforcement of financial sanctions measures contained in the statutory instruments being amended. They do so by amending the relevant Schedules to those statutory instruments, which impose requirements on certain persons to provide information, and make provision for information gathering and disclosure.

The amendments made by these Regulations extend to certain businesses and professions the offences associated with a failure to comply with the duty to inform Her Majesty’s Treasury if they know or have reasonable cause to suspect that a person has committed an offence under the relevant regulations or is a person who is the subject of an asset freeze for the purposes of the relevant EU financial sanctions regime.

An impact assessment has not been prepared for this instrument because no significant impact on the private or voluntary sector is foreseen. Further information is available from the Office of Financial Sanctions Implementation, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ and on the Treasury’s website (www.gov.uk/government/organisations/office-of-financial-sanctions-implementation).