PART 4Finance

CHAPTER 3Interpretation and further provision

Meaning of “designated person” in Part 4I1I232

In this Part a “designated person” means—

a

a person who is designated under regulation 5 for the purposes of—

i

regulations 13 to 17 (asset-freeze etc.), and

ii

regulations 23 (closure of representative offices) and 24 (business arrangements with designated persons), or

b

a person who is a designated person for the purposes of those regulations by reason of regulation 10.