2.—(1) Council Regulation (EEC) No 3541/92, prohibiting the satisfying of Iraqi claims with regard to contracts and transactions the performance of which was affected by United Nations Security Council Resolution 661 (1990) and related resolutions, is amended as follows.
(2) For Article 2(2), substitute—
“(2) This prohibition shall apply within the United Kingdom and to any national of the United Kingdom and any body which is incorporated or constituted under the law of the United Kingdom.”.
(3) In Article 3, for “a Member State” in each place it occurs substitute “ the United Kingdom ”.
(4) Omit Article 5.
(5) In Article 6, omit the words from “This Regulation shall be binding” to the end of the Article.
Commencement Information
I1Reg. 2 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1