- Latest available (Revised)
- Original (As made)
The Zimbabwe (Sanctions) (EU Exit) Regulations 2019
You are here:
- UK Statutory Instruments
- 2019 No. 604
- PART 7
- Regulation 39
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
More Resources
Changes to legislation:
The Zimbabwe (Sanctions) (EU Exit) Regulations 2019, Section 39 is up to date with all changes known to be in force on or before 23 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Regulation 39:
- reg. 39(1)(a)(ii) words substituted by S.I. 2024/1157 reg. 12(7)(a)
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- Sch. 3 para. 1(1) Sch. 3 para. 1 renumbered as Sch. 3 para. 1(1) by S.I. 2024/1157 reg. 12(12)(a)(i)
- Sch. 3 para. 1(2)(3) inserted by S.I. 2024/1157 reg. 12(12)(a)(iii)
- Sch. 3 para. 10 and cross-heading inserted by S.I. 2024/1157 reg. 12(12)(c)
- Sch. 3 para. 1(1) words inserted by S.I. 2024/1157 reg. 12(12)(a)(ii)
- reg. 13(3A) inserted by S.I. 2024/1157 reg. 12(2)
- reg. 15(3A) inserted by S.I. 2024/1157 reg. 12(3)
- reg. 31(9)(10) inserted by S.I. 2024/1157 reg. 12(4)
- reg. 31ZA inserted by S.I. 2024/1157 reg. 12(5)
- reg. 39(4A)-(4C) inserted by S.I. 2024/1157 reg. 12(7)(b)
- reg. 39(6A) inserted by S.I. 2024/1157 reg. 12(7)(c)
- reg. 39A inserted by S.I. 2024/1157 reg. 12(8)
- reg. 40(1)(j)-(m) inserted by S.I. 2024/1157 reg. 12(9)(a)
- reg. 40(3D)-(3K) inserted by S.I. 2024/1157 reg. 12(9)(b)
- reg. 40(5)(da) inserted by S.I. 2024/1157 reg. 12(9)(c)
Finance: reporting obligationsU.K.
This section has no associated Explanatory Memorandum
39.—(1) A relevant firm must inform the Treasury as soon as practicable if—
(a)it knows, or has reasonable cause to suspect, that a person—
(i)is a designated person, or
(ii)has committed an offence under any provision of Part 3 (finance) or regulation 36 (finance: licensing offences), and
(b)the information or other matter on which the knowledge or cause for suspicion is based came to it in the course of carrying on its business.
(2) Where a relevant firm informs the Treasury under paragraph (1), it must state—
(a)the information or other matter on which the knowledge or suspicion is based, and
(b)any information it holds about the person by which the person can be identified.
(3) Paragraph (4) applies if—
(a)a relevant firm informs the Treasury under paragraph (1) that it knows, or has reasonable cause to suspect, that a person is a designated person, and
(b)that person is a customer of the relevant firm.
(4) The relevant firm must also state the nature and amount or quantity of any funds or economic resources held by it for the customer at the time when it first had the knowledge or suspicion.
(5) A relevant institution must inform the Treasury without delay if that institution—
(a)credits a frozen account in accordance with regulation 31(4) (finance: exceptions from prohibitions), or
(b)transfers funds from a frozen account in accordance with regulation 31(6).
(6) A person who fails to comply with a requirement in paragraph (1), (2) or (4) commits an offence.
(7) In this regulation—
“designated person” has the same meaning as it has in Part 3 (finance);
“frozen account” has the same meaning as it has in regulation 31;
“relevant firm” is to be read in accordance with regulation 40;
“relevant institution” has the same meaning as it has in regulation 31.
Commencement Information
I1Reg. 39 not in force at made date, see reg. 1(2)
I2Reg. 39 in force at 31.12.2020 by S.I. 2019/627, reg. 13(2); 2020 c. 1, Sch. 5 para. 1(1)
Options/Help
Print Options
PrintThe Whole Instrument
PrintThe Whole Part
PrintThis Section only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
Explanatory Memorandum
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.