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The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019

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The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019, Section 21 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

DPRK credit or financial institutions: branches, subsidiaries, and representative officesU.K.

This section has no associated Explanatory Memorandum

21.—(1) A person (“P”) must not operate or facilitate the operation of—

(a)a branch,

(b)a subsidiary, or

(c)a representative office,

of a person falling within regulation 18(2) if P knows, or has reasonable cause to suspect, that the branch, subsidiary or representative office is a branch, subsidiary or representative office of such a person.

(2) Paragraph (1) is subject to Part 9 (Exceptions and licences).

(3) A person who contravenes a prohibition in paragraph (1) commits an offence.

Commencement Information

I1Reg. 21 not in force at made date, see reg. 1(2)

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