PART 1General

Application of prohibitions and requirements outside the United Kingdom3

1

A United Kingdom person may contravene a relevant prohibition by conduct wholly or partly outside the United Kingdom.

2

Any person may contravene a relevant prohibition, or a prohibition under regulation 65(1)(a) (overflight of aircraft) or a prohibition imposed by a condition of an aircraft licence by conduct in the territorial sea.

3

In this regulation a “relevant prohibition” means any prohibition imposed by—

a

regulation 9(2) (confidential information),

b

Part 4 (Finance),

c

Part 6 (Trade),

d

regulation 66(5) (non-disclosure),

e

Part 8 (Ships),

f

regulation 101(2) (proliferation financing), or

g

a condition of a Treasury licence, a Treasury direction, a trade licence or a ship licence.

4

A United Kingdom person may comply, or fail to comply, with a relevant requirement by conduct wholly or partly outside the United Kingdom.

5

Any person may comply, or fail to comply, with a relevant requirement, a requirement imposed by a direction under regulation 65(4) (direction by air traffic control to operator or pilot of DPRK aircraft) or 73 (movement of ships) or a requirement imposed by a condition of an aircraft licence, by conduct in the territorial sea.

6

In this regulation a “relevant requirement” means any requirement imposed—

a

by Chapter 2 of Part 4 (Investment, financial services and financial markets),

b

by or under Part 10 (Information and records), or by reason of a request made under a power conferred by that Part, or

c

by a condition of a Treasury licence, a Treasury direction, a trade licence or a ship licence.

7

Nothing in this regulation is to be taken to prevent a relevant prohibition or a relevant requirement from applying to conduct (by any person) in the United Kingdom.