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  1. Introductory Text

  2. PART 1 General

    1. 1.Citation and commencement

    2. 2.Interpretation

    3. 3.Application of prohibitions and requirements

    4. 4.Purposes

  3. PART 2 Designation of persons

    1. 5.Power to designate persons

    2. 6.Designation criteria

    3. 7.Meaning of “owned or controlled directly or indirectly”

    4. 8.Notification and publicity where designation power used

    5. 9.Confidential information in certain cases where designation power used

  4. PART 3 Finance

    1. 10.Meaning of “designated person” in Part 3

    2. 11.Asset-freeze in relation to designated persons

    3. 12.Making funds or financial services available to designated person

    4. 13.Making funds or financial services available for benefit of designated person

    5. 14.Making economic resources available to designated person

    6. 15.Making economic resources available for benefit of designated person

    7. 16.Circumventing etc. prohibitions

  5. PART 4 Exceptions and licences

    1. 17.Finance: exceptions from prohibitions

    2. 17A.Finance: exception for authorised conduct in a relevant country

    3. 18.Exception for acts done for purposes of national security or prevention of serious crime

    4. 19.Treasury licences

    5. 20.Finance: licensing offences

  6. PART 5 Information

    1. 21.Finance: reporting obligations

    2. 22.“Relevant firm”

    3. 23.Finance: powers to request information

    4. 24.Finance: production of documents

    5. 25.Finance: information offences

    6. 26.Disclosure of information

    7. 26A.Finance: disclosure to the Treasury

    8. 27.Part 5: supplementary

  7. PART 6 Enforcement

    1. 28.Penalties for offences

    2. 29.Liability of officers of bodies corporate etc

    3. 30.Jurisdiction to try offences

    4. 31.Procedure for offences by unincorporated bodies

    5. 32.Time limit for proceedings for summary offences

    6. 33.Application of Chapter 1 of Part 2 of Serious Organised Crime and Police Act 2005

  8. PART 7 Supplementary and final provision

    1. 34.Notices

    2. 34A.Amendment of the Charities Act 2011

    3. 34B.Amendment of the Sanctions and Anti-Money Laundering Act 2018

    4. 34C.Amendment of the Electronic Money Regulations 2011

    5. 34D.Amendment of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

    6. 34E.Amendment of the Payment Services Regulations 2017

    7. 35.Transitional provision: Treasury licences

    8. 36.Transitional provision: prior obligations

  9. Signature

    1. SCHEDULE

      Rules for interpretation of regulation 7(2)

      1. 1.Application of Schedule

      2. 2.Joint interests

      3. 3.Joint arrangements

      4. 4.Calculating shareholdings

      5. 5.Voting rights

      6. 6.In applying regulation 7(2) and this Schedule, the voting rights...

      7. 7.Rights to appoint or remove members of the board

      8. 8.A reference to a board of directors, in the case...

      9. 9.Shares or rights held “indirectly”

      10. 10.Shares held by nominees

      11. 11.Rights treated as held by person who controls their exercise

      12. 12.“Arrangement” includes— (a) any scheme, agreement or understanding, whether or...

      13. 13.Rights exercisable only in certain circumstances etc.

      14. 14.Rights attached to shares held by way of security

  11. Explanatory Note