SCHEDULE 2Modifications to be made in the extension of the Nicaragua (Sanctions) (EU Exit) Regulations 2020 to each British overseas territory listed in Schedule 1

18

In regulation 23 (finance: reporting obligations)—

a

for “Treasury”, in each place it occurs, substitute “Governor”;

b

for paragraph (5) substitute—

5

A relevant institution must inform the Governor without delay if that institution credits a frozen account in accordance with regulation 18(4) (finance: exceptions from prohibitions).