PART 5Trade
F1CHAPTER 4CAIron and steel products processed in a third country F2...
Words in Pt. 5 Ch. 4CA heading omitted (15.12.2023) by virtue of The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2023 (S.I. 2023/1364), regs. 1(3), 6(2)
Financial services and funds relating to relevant processed iron or steel products46ID
1
A person must not directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is the import of a relevant processed iron or steel product.
2
Paragraph (1) is subject to Part 7 (Exceptions and licences).
3
A person who contravenes the prohibition in paragraph (1) commits an offence, but it is a defence for a person charged with that offence to show that the person did not know and had no reasonable cause to suspect that the financial services or funds (as the case may be) were provided in pursuance of or in connection with an arrangement mentioned in that paragraph.
Pt. 5 Ch. 4CA inserted (30.9.2023) by The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2023 (S.I. 2023/440), regs. 1(3), 3(1)