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

Designated persons: closure of representative officesU.K.

This section has no associated Explanatory Memorandum

23.—(1) This regulation applies to a designated person which is not an individual, and which has a representative office in the United Kingdom.

(2) If the person was a designated person immediately before the relevant date, the person must close the office immediately.

(3) If the person was not a designated person immediately before the relevant date, the person must close the office within the period of 90 days beginning with the date on which the person became a designated person.

(4) Paragraphs (2) and (3) are subject to Part 9 (Exceptions and licences).

(5) A person who fails to comply with a requirement in paragraph (2) and (3)commits an offence.

(6) In this regulation, “the relevant date” means—

(a)where regulations under section 56 of the Act provide that this regulation comes into force at a specified time on a day, that time on that day;

(b)otherwise, the date on which this regulation comes into force.

Commencement Information

I1Reg. 23 not in force at made date, see reg. 1(2)