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The Misappropriation (Sanctions) (EU Exit) Regulations 2020
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- UK Statutory Instruments
- 2020 No. 1468
- PART 5
- Regulation 19
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Finance: exception for authorised conduct in a relevant country
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19.—(1) Where a person’s conduct in a relevant country would, in the absence of this regulation, contravene a prohibition in any of regulations 11 to 15 (asset-freeze etc.) (“the relevant prohibition”), the relevant prohibition is not contravened if the conduct is authorised by a licence or other authorisation which is issued—
(a)under the law of the relevant country; and
(b)for the purpose of disapplying a prohibition in that jurisdiction which corresponds to the relevant prohibition.
(2) In this regulation—
“relevant country” means—
(a)
any of the Channel Islands;
(b)
the Isle of Man; or
(c)
any British overseas territory.
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