PART 5Trade
F1CHAPTER 6BProfessional and Business Services
F2Legal advisory services54D
F31
A person must not provide legal advisory services directly or indirectly to any person (“C”) who is not a United Kingdom person knowing that the object or effect of those services is to enable or facilitate any activity being carried out, or proposed to be carried out, by C, (“the relevant activity”), whether or not C is a person in the United Kingdom, where—
a
the relevant activity is not taking place, or will not when carried out take place, in the United Kingdom, and
b
the relevant activity satisfies, or will when carried out satisfy, the condition in paragraph (2).
2
The condition is that the relevant activity would—
a
be prohibited under any of regulations 11 to 18C of Part 3 (Finance), Chapters 2 to 6 or F4regulation 54C of Part 5 (Trade) if—
i
the relevant activity was done by a United Kingdom person, or
ii
the relevant activity was taking place in the United Kingdom, or
b
contravene regulation 19 or 55 if—
i
the relevant activity was done by a United Kingdom person, or
ii
the relevant activity was taking place in the United Kingdom.
3
Paragraph (1) is subject to Part 7 (exceptions and licences).
Pt. 5 Ch. 6B inserted (21.7.2022) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022 (S.I. 2022/850), regs. 1(2), 13