SCHEDULE 2Modifications to be made in the extension of the Guinea (Sanctions) (EU Exit) Regulations 2019 to each British overseas territory listed in Schedule 1

35

In regulation 40 (transitional provision: Treasury licences)—

a

in the heading, for “Treasury licences” substitute “financial sanctions licences”;

b

in paragraph (1)(a)—

i

delete “, or deemed to be granted,”;

ii

for “Treasury under regulation 9 of the 2012 Regulations” substitute “Governor under article 10 of the 2013 Order”;

c

in paragraph (2), for “Treasury under regulation 20(1) (treasury licences)” substitute “Governor under regulation 20(1) (financial sanctions licences)”;

d

in paragraph (3), for “2012 Regulations” substitute “2013 Order”;

e

in paragraph (4), before sub-paragraph (a), insert—

za

the 2013 Order,

f

in paragraph (5)(a), for “2012 Regulations” substitute “2013 Order”;

g

in paragraph (6), for “(treasury licences)” substitute “(financial sanctions licences)”;

h

in paragraph (7)—

i

at the appropriate place, insert—

  • “the 2013 Order” means the Guinea (Sanctions) (Overseas Territories) Order 201311;

ii

for the definition of “the relevant date” substitute—

  • “the relevant date” means the date on which Part 3 comes into force.