Transitional provision: prior obligationsU.K.
103.—(1) Where—
(a)a person was named in an Annex to the EU Russia Regulations immediately before [F1IP completion day], and
(b)the person is a designated person immediately before [F1IP completion 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).
Textual Amendments
F1Words in reg. 103 substituted (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2020 (S.I. 2020/590), regs. 1(2), 10(13); S.I. 2020/1514, reg. 4
Commencement Information
I1Reg. 103 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)