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Statutory Instruments
Exiting The European Union
Sanctions
Made
12th November 2020
Coming into force in accordance with regulation 1(2)
The Secretary of State(1) makes the following regulations in exercise of the powers conferred by sections 1, 45, 54(2), (3) and (4) and 56 of the Sanctions and Anti-Money Laundering Act 2018(2), considering that the requirements of section 45(2) of the Act are met, and having decided upon consideration of the matters set out in section 56(1) of the Act that it is appropriate to do so.
In accordance with section 55(5) of the Sanctions and Anti-Money Laundering Act 2018, a draft of this instrument has been laid before Parliament and approved by resolution of each House of Parliament.
The power to make regulations under Part 1 of the Sanctions and Anti-Money Laundering Act 2018 (c.13) is conferred on the appropriate Minister. Section 1(9)(a) of the Act defines an “appropriate Minister” as including the Secretary of State.
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