The Venezuela (Sanctions) (EU Exit) Regulations 2019

Interpretation of other expressions used in this PartU.K.

This section has no associated Explanatory Memorandum

21.—(1) Paragraphs 32 and 36 of Schedule 1 to the Act (trade sanctions) apply for the purpose of interpreting expressions in this Part.

(2) In this Part, any reference to the United Kingdom includes a reference to the territorial sea.

(3) In this Part—

“brokering service” means any service to secure, or otherwise in relation to, an arrangement, including (but not limited to)—

(a)

the selection or introduction of persons as parties or potential parties to the arrangement,

(b)

the negotiation of the arrangement,

(c)

the facilitation of anything that enables the arrangement to be entered into, and

(d)

the provision of any assistance that in any way promotes or facilitates the arrangement;

“technical assistance”, in relation to goods or technology, means—

(a)

technical support relating to the repair, development, production, assembly, testing, use or maintenance of the goods or technology, or

(b)

any other technical service relating to the goods or technology;

“transfer” has the meaning given by paragraph 37 of Schedule 1 to the Act.

(4) For the purposes of this Part, F1... a person is to be regarded as “connected with” Venezuela if the person is—

(a)an individual who is, or an association or combination of individuals who are, ordinarily resident in Venezuela,

(b)an individual who is, or an association or combination of individuals who are, located in Venezuela,

(c)a person, other than an individual, which is incorporated or constituted under the law of Venezuela, or

(d)a person, other than an individual, which is domiciled in Venezuela.

F2(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

Commencement Information

I1Reg. 21 in force at 31.12.2020 on IP completion day by S.I. 2019/627, reg. 3(2); 2020 c. 1, Sch. 5 para. 1(1)