PART 11Supplementary and final provision
Transitional provision: prior obligations103
1
Where—
a
a person was named in an Annex to the EU Russia Regulations immediately before exit day, and
b
the person is a designated person immediately before exit day,
any reference in a provision mentioned in paragraph (2) to the date on which a person became a designated person is a reference to the date on which the person was named in an Annex to the EU Russia Regulations.
2
The provisions referred to in paragraph (1) are—
a
regulation 58(5) (finance: exceptions from prohibitions),
b
paragraph 6 of Schedule 5 (pre-existing judicial decisions), and
c
paragraph 8 of Schedule 5 (prior obligations).
3
In this regulation, “designated person” has the same meaning as it has in Chapter 1 of Part 3 (finance restrictions in relation to designated persons).