The Russia (Sanctions) (EU Exit) Regulations 2019 No. 855

SCHEDULES

SCHEDULE 5 U.K. Treasury licences: purposes

PART 1 U.K. Asset-freeze etc.

Interpretation [F1 of Part 1] U.K.

1.  In this Part of this Schedule—

“designated person” has the same meaning as it has in Chapter 1 of Part 3 ([F2 Asset-freeze etc.]);

“frozen funds or economic resources” means funds or economic resources frozen by virtue of regulation 11, and any reference to a person's frozen funds or economic resources is to funds or economic resources frozen as a consequence of the designation of that person for the purpose of that regulation.

Textual Amendments

F1 Words in Sch. 5 para. 1 heading inserted (1.3.2022) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2022 (S.I. 2022/194), regs. 1(2), 14(b)

F2 Words in Sch. 5 para. 1 substituted (1.3.2022) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2022 (S.I. 2022/194), regs. 1(2), 14(c)

Commencement Information

I1 Sch. 5 para. 1 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)