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SCHEDULE 2U.K.Treasury licences: purposes

PART 2 U.K.Purposes

Basic needsU.K.

2.—(1) To enable the basic needs of a designated person, or (in the case of an individual) any dependent family member of such a person, to be met.

(2) In the case of an individual in sub-paragraph (1), “basic needs” includes—

(a)medical needs;

(b)needs for—

(i)food;

(ii)[F1payment] of insurance premiums;

(iii)[F2payment] of tax;

(iv)rent or mortgage payments;

(v)utility payments.

(3) In the case of a person other than an individual in sub-paragraph (1), “basic needs” includes needs for—

(a)payment of insurance premiums;

(b)payment of reasonable fees for the provision of property management services;

(c)payment of remuneration, allowances or pensions of employees;

(d)payment of tax;

(e)rent or mortgage payments;

(f)utility payments.

(4) In sub-paragraph (1)—

“dependent” means financially dependent;

“family member” includes—

(a)

the wife or husband of the designated person;

(b)

the civil partner of the designated person;

(c)

any parent or other ascendant of the designated person;

(d)

any child or other descendant of the designated person;

(e)

any person who is a brother or sister of the designated person, or a child or other descendant of such a person.

Textual Amendments

F1Word in Sch. 2 para. 2(2)(b)(ii) substituted (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2020 (S.I. 2020/591), regs. 1(2), 3(9)(b); S.I. 2020/1514, reg. 5

F2Word in Sch. 2 para. 2(2)(b)(iii) substituted (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2020 (S.I. 2020/591), regs. 1(2), 3(9)(b); S.I. 2020/1514, reg. 5

Commencement Information

I1Sch. 2 para. 2 not in force at made date, see reg. 1(2)

I2Sch. 2 para. 2 in force at 31.12.2020 by S.I. 2019/627, reg. 5(2); 2020 c. 1, Sch. 5 para. 1(1)

Legal servicesU.K.

3.  To enable the payment of—

(a)reasonable professional fees for the provision of legal services, or

(b)reasonable expenses associated with the provision of legal services.

Commencement Information

I3Sch. 2 para. 3 not in force at made date, see reg. 1(2)

Maintenance of frozen funds and economic resourcesU.K.

4.  To enable the payment of—

(a)reasonable fees, or

(b)reasonable service charges,

arising from the routine holding or maintenance of frozen funds or economic resources.

Commencement Information

I5Sch. 2 para. 4 not in force at made date, see reg. 1(2)

Extraordinary expensesU.K.

5.  To enable an extraordinary expense of a designated person to be met.

Commencement Information

I7Sch. 2 para. 5 not in force at made date, see reg. 1(2)

Pre-existing judicial decisions etcU.K.

6.  To enable, by the use of a designated person's frozen funds or economic resources, the implementation or satisfaction (in whole or in part) of a judicial, administrative or arbitral decision or lien, provided that—

(a)the funds or economic resources so used are the subject of the decision or lien,

(b)the decision or lien—

(i)was made or established before the date on which the person became a designated person, and

(ii)is enforceable in the United Kingdom, and

(c)the use of the frozen funds or economic resources does not directly or indirectly benefit any other designated person.

Commencement Information

I9Sch. 2 para. 6 not in force at made date, see reg. 1(2)

Diplomatic missionsU.K.

F37.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments