http://www.legislation.gov.uk/uksi/2019/411/schedule/1/paragraph/7The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019texttext/xmlenEXITING THE EUROPEAN UNIONSANCTIONSStatute Law Database2024-07-29Expert Participation2024-06-05 These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c.13) to establish a sanctions regime in relation to the Democratic People's Republic of Korea (DPRK) for the purposes of implementing many of the obligations that the United Kingdom has under UN Security Council Resolution 1718 (2006), 1874 (2009), 2087 (2013), 2094 (2013), 2270 (2016), 2321 (2016), 2356 (2017), 2371(2017), 2375(2017), and 2397 (2017). They also have the purposes of restricting the ability of the DPRK to carry on its nuclear, biological or chemical weapons programmes, other weapons of mass destruction programmes and ballistic missile programmes, to promote the abandonment of those programmes and the decommissioning of the weapons, and to promote peace, security and stability on the Korean peninsula. SCHEDULESSCHEDULE 1Rules for interpretation of regulation 7(2)Rights to appoint or remove members of the board7A reference to the right to appoint or remove a majority of the board of directors of a person is to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all or substantially all matters.Sch. 1 para. 7 not in force at made date, see reg. 1(2)Sch. 1 para. 7 in force at 25.3.2019 by S.I. 2019/627, reg. 7(1)(j)
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<dc:subject scheme="SIheading">EXITING THE EUROPEAN UNION</dc:subject>
<dc:subject scheme="SIheading">SANCTIONS</dc:subject>
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<dc:description>These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c.13) to establish a sanctions regime in relation to the Democratic People's Republic of Korea (DPRK) for the purposes of implementing many of the obligations that the United Kingdom has under UN Security Council Resolution 1718 (2006), 1874 (2009), 2087 (2013), 2094 (2013), 2270 (2016), 2321 (2016), 2356 (2017), 2371(2017), 2375(2017), and 2397 (2017). They also have the purposes of restricting the ability of the DPRK to carry on its nuclear, biological or chemical weapons programmes, other weapons of mass destruction programmes and ballistic missile programmes, to promote the abandonment of those programmes and the decommissioning of the weapons, and to promote peace, security and stability on the Korean peninsula.</dc:description>
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<Secondary>
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<Title>SCHEDULES</Title>
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<Number>SCHEDULE 1</Number>
<TitleBlock>
<Title>Rules for interpretation of regulation 7(2)</Title>
</TitleBlock>
<ScheduleBody>
<P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2019-03-25">
<Title>Rights to appoint or remove members of the board</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2019/411/schedule/1/paragraph/7" IdURI="http://www.legislation.gov.uk/id/uksi/2019/411/schedule/1/paragraph/7" id="schedule-1-paragraph-7">
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7
</Pnumber>
<P1para>
<Text>A reference to the right to appoint or remove a majority of the board of directors of a person is to the right to appoint or remove directors holding a majority of the voting rights at meetings of the board on all or substantially all matters.</Text>
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</P1>
</P1group>
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<Para>
<Text>
Sch. 1 para. 7 not in force at made date, see
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<Para>
<Text>
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in force at 25.3.2019 by
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,
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