33.—(1) The prohibitions in regulations 12 to 16 (asset-freeze etc) do not apply to anything done under the authority of a licence issued by the Treasury under this paragraph.
(2) The Treasury may issue a licence which authorises acts by a particular person in relation to a non-UN designated person only where the Treasury consider that it is appropriate to issue the licence for a purpose set out in [F1Part 2 or 3 of] Schedule 2.
(3) The Treasury may issue a licence which authorises acts in relation to a UN designated person only where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Part 2 [F2or 2A] of Schedule 2.
(4) In this regulation “UN designated person” means—
(a)a person who is a designated person for the purposes of regulations 12 to 16 by reason of regulation 10 (designation of persons named by or under UN Security Council resolutions), or
(b)a person who is designated under regulation 5 (power to designate persons) for the purposes of regulations 12 to 16 and whose designation is (in the opinion of the Secretary of State) required by a provision mentioned in regulation 4(3).
Textual Amendments
F1Words in reg. 33(2) inserted (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No.3) Regulations 2020 (S.I. 2020/950), regs. 1(2), 4(3)(a); S.I. 2020/1514, reg. 17
F2Words in reg. 33(3) inserted (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No.3) Regulations 2020 (S.I. 2020/950), regs. 1(2), 4(3)(b); S.I. 2020/1514, reg. 17
Commencement Information
I1Reg. 33 not in force at made date, see reg. 1(2)
I2Reg. 33 in force at 31.12.2020 by S.I. 2019/627, reg. 6(2); 2020 c. 1, Sch. 5 para. 1(1)