http://www.legislation.gov.uk/uksi/2020/1474/part/5/2022-08-30The Unauthorised Drilling Activities in the Eastern Mediterranean (Sanctions) (EU Exit) Regulations 2020texttext/xmlenEXITING THE EUROPEAN UNIONSANCTIONSStatute Law Database2024-08-19Expert Participation2022-08-30 These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c.13) to establish a sanctions regime for the purposes of discouraging any hydrocarbon exploration, production or extraction activity which has not been authorised by the Republic of Cyprus within its territorial sea or in its exclusive economic zone or on its continental shelf including, in cases where the exclusive economic zone or continental shelf has not been delimited in accordance with international law with a State having an opposite coast, activities which may jeopardise or hamper the reaching of a delimitation agreement. PART 5 Exceptions and licencesFinance: exceptions from prohibitions181The prohibition in regulation 11 (asset-freeze in relation to designated persons) is not contravened by an independent person (“P”) transferring to another person a legal or equitable interest in funds or economic resources where, immediately before the transfer, the interest—ais held by P, andbis not held jointly with the designated person.2In paragraph (1) “independent person” means a person who—ais not the designated person, andbis not owned or controlled directly or indirectly (within the meaning of regulation 7) by the designated person.3The prohibitions in regulations 11 to 13 (asset-freeze in relation to, and making funds available to, or for the benefit of, designated persons) are not contravened by a relevant institution crediting a frozen account with interest or other earnings due on the account.4The prohibitions in regulations 12 and 13 (making funds available to, or for the benefit of, designated persons) are not contravened by a relevant institution crediting a frozen account where it receives funds transferred to that institution for crediting to that account.5The prohibitions in regulations 12 and 13 are not contravened by the transfer of funds to a relevant institution for crediting to an account held or controlled (directly or indirectly) by a designated person, where those funds are transferred in discharge (or partial discharge) of an obligation which arose before the date on which the person became a designated person.6The prohibitions in regulations 11 to 13 are not contravened in relation to a designated person (“P”) by a transfer of funds from account A to account B, where—aaccount A is with a relevant institution which carries on an excluded activity within the meaning of section 142D of the Financial Services and Markets Act 2000 ,baccount B is with a ring-fenced body within the meaning of section 142A of the Financial Services and Markets Act 2000 , andcaccounts A and B are held or controlled (directly or indirectly) by P.7In this regulation—designated person” has the same meaning as it has in Part 3 (Finance);frozen account” means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;relevant institution” means a person that has permission under Part 4A of the Financial Services and Markets Act 2000 (Permission to carry on regulated activities).8The definition of “relevant institution” in paragraph (7) is to be read with section 22 of the Financial Services and Markets Act 2000 , any relevant order under that section and Schedule 2 to that Act .Finance: exception for authorised conduct in a relevant country191Where 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—aunder the law of the relevant country, andbfor the purpose of disapplying a prohibition in that jurisdiction which corresponds to the relevant prohibition.2In this regulation—relevant country” means—any of the Channel Islands,the Isle of Man, orany British overseas territory.Exception for acts done for purposes of national security or prevention of serious crime201Where an act would, in the absence of this paragraph, be prohibited by regulation 9(2) (confidentiality) or any prohibition in Part 3 (Finance), that prohibition does not apply to the act if the act is one which a responsible officer has determined would be in the interests of—anational security, orbthe prevention or detection of serious crime in the United Kingdom or elsewhere.2Where, in the absence of this paragraph, a thing would be required to be done under or by virtue of a provision of Part 6 (Information and records), that requirement does not apply if a responsible officer has determined that not doing the thing in question would be in the interests of—anational security, orbthe prevention or detection of serious crime in the United Kingdom or elsewhere.3In this regulation “responsible officer” means a person in the service of the Crown or holding office under the Crown, acting in the course of that person's duty.Treasury licences211The prohibitions in regulations 11 to 15 (asset-freeze etc.) do not apply to anything done under the authority of a licence issued by the Treasury under this paragraph.2The Treasury may issue a licence which authorises acts by a particular person only where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Schedule 2.3A licence under paragraph (1)—amust specify the acts authorised by it;bmay be general or may authorise acts by a particular person or persons of a particular description;cmay—icontain conditions;iibe of indefinite duration or a defined duration.4Where the Treasury issue a licence under paragraph (1), the Treasury may vary, revoke or suspend it at any time.5Where the Treasury issue, vary, revoke or suspend a licence under paragraph (1) which authorises acts by a particular person, the Treasury must give written notice to that person of the issue, variation, revocation or suspension of the licence.6Where the Treasury issue, vary, revoke or suspend a general licence or a licence which authorises acts by persons of a particular description under paragraph (1), the Treasury must take such steps as the Treasury consider appropriate to publicise the issue, variation, revocation or suspension of the licence.Finance: licensing offences221A person (“P”) commits an offence if P knowingly or recklessly—aprovides information that is false in a material respect, orbprovides or produces a document that is not what it purports to be,for the purpose of obtaining a Treasury licence (whether for P or anyone else).2A person who purports to act under the authority of a Treasury licence but who fails to comply with any condition of the licence commits an offence.Section 8B(1) to (3) of the Immigration Act 1971: directions231The Secretary of State may direct that, in relation to any person within regulation 17 (immigration) whose name is specified, or who is of a specified description, section 8B(1) and (2) of the Immigration Act 1971, or section 8B(3) of that Act, have effect subject to specified exceptions.2A direction may contain conditions.3A direction must be of a defined duration (and that duration may be expressed in any way, including, for example, being expressed in a way such that the direction ceases to have effect on, or within a specified period after, the occurrence of a specified event).4The Secretary of State may vary, revoke or suspend a direction at any time.5On the issue, variation, revocation or suspension of a direction, the Secretary of State may take such steps as the Secretary of State considers appropriate to publicise the issue, variation, revocation or suspension of the direction.6In this regulation “specified” means specified in a direction.2000 c.8. Section 142D was inserted by the Financial Services (Banking Reform) Act 2013 (c.33), section 4(1).Section 142A was inserted by the Financial Services (Banking Reform) Act 2013, section 4(1).2000 c.8. Part 4A was inserted by the Financial Services Act 2012 (c.21), section 11(2) and most recently amended by S.I. 2018/1149; it is prospectively amended by S.I. 2019/632.Section 22 was amended by the Financial Guidance and Claims Act 2018 (c.10), section 27(4); the Financial Services Act 2012, section 7(1); and S.I. 2018/135.S.I. 2001/544, as most recently amended by S.I. 2019/679; S.I. 2020/117; and S.I. 2020/480; and it is prospectively amended by S.I. 2019/710.Schedule 2 was amended by the Regulation of Financial Services (Land Transactions) Act 2005 (c.24), section 1; the Dormant Bank and Building Society Accounts Act 2008 (c.31), section 15 and Schedule 2, paragraph 1; the Financial Services Act 2012, sections 7(2) to (5) and 8; the Financial Guidance and Claims Act 2018, section 27(13); S.I. 2013/1881; and S.I. 2018/135; and it is prospectively amended by S.I. 2019/632.Reg. 18 not in force at made date, see reg. 1(2)Reg. 19 not in force at made date, see reg. 1(2)Reg. 20 not in force at made date, see reg. 1(2)Reg. 21 not in force at made date, see reg. 1(2)Reg. 22 not in force at made date, see reg. 1(2)Reg. 23 not in force at made date, see reg. 1(2)Reg. 18 in force at 31.12.2020 by S.I. 2020/1514, reg. 24(2)Reg. 19 in force at 31.12.2020 by S.I. 2020/1514, reg. 24(2)Reg. 20 in force at 31.12.2020 by S.I. 2020/1514, reg. 24(2)Reg. 21 in force at 31.12.2020 by S.I. 2020/1514, reg. 24(2)Reg. 22 in force at 31.12.2020 by S.I. 2020/1514, reg. 24(2)Reg. 23 in force at 31.12.2020 by S.I. 2020/1514, reg. 24(2)
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<dc:subject scheme="SIheading">EXITING THE EUROPEAN UNION</dc:subject>
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<dc:description>These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c.13) to establish a sanctions regime for the purposes of discouraging any hydrocarbon exploration, production or extraction activity which has not been authorised by the Republic of Cyprus within its territorial sea or in its exclusive economic zone or on its continental shelf including, in cases where the exclusive economic zone or continental shelf has not been delimited in accordance with international law with a State having an opposite coast, activities which may jeopardise or hamper the reaching of a delimitation agreement.</dc:description>
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<Title>Finance: exceptions from prohibitions</Title>
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18
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<Pnumber>1</Pnumber>
<P2para>
<Text>The prohibition in regulation 11 (asset-freeze in relation to designated persons) is not contravened by an independent person (“P”) transferring to another person a legal or equitable interest in funds or economic resources where, immediately before the transfer, the interest—</Text>
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<Pnumber>a</Pnumber>
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<Text>is held by P, and</Text>
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<Text>is not held jointly with the designated person.</Text>
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<Text>
In paragraph (1) “
<Term id="term-independent-person">independent person</Term>
” means a person who—
</Text>
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<Pnumber>a</Pnumber>
<P3para>
<Text>is not the designated person, and</Text>
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<Pnumber>b</Pnumber>
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<Text>is not owned or controlled directly or indirectly (within the meaning of regulation 7) by the designated person.</Text>
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<Pnumber>3</Pnumber>
<P2para>
<Text>The prohibitions in regulations 11 to 13 (asset-freeze in relation to, and making funds available to, or for the benefit of, designated persons) are not contravened by a relevant institution crediting a frozen account with interest or other earnings due on the account.</Text>
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<Pnumber>4</Pnumber>
<P2para>
<Text>The prohibitions in regulations 12 and 13 (making funds available to, or for the benefit of, designated persons) are not contravened by a relevant institution crediting a frozen account where it receives funds transferred to that institution for crediting to that account.</Text>
</P2para>
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<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/18/5/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/18/5" id="regulation-18-5">
<Pnumber>5</Pnumber>
<P2para>
<Text>The prohibitions in regulations 12 and 13 are not contravened by the transfer of funds to a relevant institution for crediting to an account held or controlled (directly or indirectly) by a designated person, where those funds are transferred in discharge (or partial discharge) of an obligation which arose before the date on which the person became a designated person.</Text>
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<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/18/6/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/18/6" id="regulation-18-6">
<Pnumber>6</Pnumber>
<P2para>
<Text>The prohibitions in regulations 11 to 13 are not contravened in relation to a designated person (“P”) by a transfer of funds from account A to account B, where—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/18/6/a/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/18/6/a" id="regulation-18-6-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>
account A is with a relevant institution which carries on an excluded activity within the meaning of section 142D of the Financial Services and Markets Act 2000
<CommentaryRef Ref="c24373451"/>
,
</Text>
</P3para>
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<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/18/6/b/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/18/6/b" id="regulation-18-6-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>
account B is with a ring-fenced body within the meaning of section 142A of the Financial Services and Markets Act 2000
<CommentaryRef Ref="c24373461"/>
, and
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/18/6/c/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/18/6/c" id="regulation-18-6-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>accounts A and B are held or controlled (directly or indirectly) by P.</Text>
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<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/18/7/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/18/7" id="regulation-18-7">
<Pnumber>7</Pnumber>
<P2para>
<Text>In this regulation—</Text>
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<Para>
<Text>
<Term id="term-designated-person">designated person</Term>
” has the same meaning as it has in Part 3 (Finance);
</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
<Term id="term-frozen-account">frozen account</Term>
” means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;
</Text>
</Para>
</ListItem>
<ListItem>
<Para>
<Text>
<Term id="term-relevant-institution">relevant institution</Term>
” means a person that has permission under Part 4A of the Financial Services and Markets Act 2000
<CommentaryRef Ref="c24373471"/>
(Permission to carry on regulated activities).
</Text>
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</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/18/8/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/18/8" id="regulation-18-8">
<Pnumber>8</Pnumber>
<P2para>
<Text>
The definition of “relevant institution” in paragraph (7) is to be read with section 22 of the Financial Services and Markets Act 2000
<CommentaryRef Ref="c24373481"/>
, any relevant order under that section
<CommentaryRef Ref="c24373491"/>
and Schedule 2 to that Act
<CommentaryRef Ref="c24373501"/>
.
</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31">
<Title>Finance: exception for authorised conduct in a relevant country</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/19/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/19" id="regulation-19">
<Pnumber>
<CommentaryRef Ref="key-a0d8760c0c6de70d28e7776cc7912abb"/>
<CommentaryRef Ref="key-5c863a4fb40a3d48373f6b8389a89bae"/>
19
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/19/1/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/19/1" id="regulation-19-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>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—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/19/1/a/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/19/1/a" id="regulation-19-1-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>under the law of the relevant country, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/19/1/b/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/19/1/b" id="regulation-19-1-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>for the purpose of disapplying a prohibition in that jurisdiction which corresponds to the relevant prohibition.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/19/2/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/19/2" id="regulation-19-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>In this regulation—</Text>
<BlockText>
<Para>
<Text>
<Term id="term-relevant-country">relevant country</Term>
” means—
</Text>
</Para>
<OrderedList Type="alpha" Decoration="parens">
<ListItem NumberOverride="a">
<Para>
<Text>any of the Channel Islands,</Text>
</Para>
</ListItem>
<ListItem NumberOverride="b">
<Para>
<Text>the Isle of Man, or</Text>
</Para>
</ListItem>
<ListItem NumberOverride="c">
<Para>
<Text>any British overseas territory.</Text>
</Para>
</ListItem>
</OrderedList>
</BlockText>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31">
<Title>Exception for acts done for purposes of national security or prevention of serious crime</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/20/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/20" id="regulation-20">
<Pnumber>
<CommentaryRef Ref="key-f5b3c6e908671bbba8a03390fd66214a"/>
<CommentaryRef Ref="key-f2eeaddf70a72790234e05e477b4c19c"/>
20
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/20/1/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/20/1" id="regulation-20-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>Where an act would, in the absence of this paragraph, be prohibited by regulation 9(2) (confidentiality) or any prohibition in Part 3 (Finance), that prohibition does not apply to the act if the act is one which a responsible officer has determined would be in the interests of—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/20/1/a/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/20/1/a" id="regulation-20-1-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>national security, or</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/20/1/b/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/20/1/b" id="regulation-20-1-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>the prevention or detection of serious crime in the United Kingdom or elsewhere.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/20/2/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/20/2" id="regulation-20-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>Where, in the absence of this paragraph, a thing would be required to be done under or by virtue of a provision of Part 6 (Information and records), that requirement does not apply if a responsible officer has determined that not doing the thing in question would be in the interests of—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/20/2/a/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/20/2/a" id="regulation-20-2-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>national security, or</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/20/2/b/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/20/2/b" id="regulation-20-2-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>the prevention or detection of serious crime in the United Kingdom or elsewhere.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/20/3/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/20/3" id="regulation-20-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>
In this regulation “
<Term id="term-responsible-officer">responsible officer</Term>
” means a person in the service of the Crown or holding office under the Crown, acting in the course of that person's duty.
</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictEndDate="2024-05-16" RestrictStartDate="2020-12-31" RestrictExtent="E+W+S+N.I.">
<Title>Treasury licences</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21" id="regulation-21">
<Pnumber>
<CommentaryRef Ref="key-54e0044903c6807b7e37515d31e93f40"/>
<CommentaryRef Ref="key-4a9fb8eb50b010338fa8ad9d6a0280ec"/>
21
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/1/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/1" id="regulation-21-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>The prohibitions in regulations 11 to 15 (asset-freeze etc.) do not apply to anything done under the authority of a licence issued by the Treasury under this paragraph.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/2/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/2" id="regulation-21-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>The Treasury may issue a licence which authorises acts by a particular person only where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Schedule 2.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/3/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/3" RestrictEndDate="2024-05-16" id="regulation-21-3" RestrictExtent="E+W+S+N.I.">
<Pnumber>3</Pnumber>
<P2para>
<Text>A licence under paragraph (1)—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/3/a/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/3/a" id="regulation-21-3-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>must specify the acts authorised by it;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/3/b/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/3/b" id="regulation-21-3-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>may be general or may authorise acts by a particular person or persons of a particular description;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/3/c/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/3/c" id="regulation-21-3-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>may—</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/3/c/i/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/3/c/i" id="regulation-21-3-c-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>contain conditions;</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/3/c/ii/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/3/c/ii" id="regulation-21-3-c-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>be of indefinite duration or a defined duration.</Text>
</P4para>
</P4>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/4/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/4" RestrictEndDate="2024-05-16" id="regulation-21-4" RestrictExtent="E+W+S+N.I.">
<Pnumber>4</Pnumber>
<P2para>
<Text>Where the Treasury issue a licence under paragraph (1), the Treasury may vary, revoke or suspend it at any time.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/5/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/5" RestrictEndDate="2024-05-16" id="regulation-21-5" RestrictExtent="E+W+S+N.I.">
<Pnumber>5</Pnumber>
<P2para>
<Text>Where the Treasury issue, vary, revoke or suspend a licence under paragraph (1) which authorises acts by a particular person, the Treasury must give written notice to that person of the issue, variation, revocation or suspension of the licence.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/21/6/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21/6" RestrictEndDate="2024-05-16" id="regulation-21-6" RestrictExtent="E+W+S+N.I.">
<Pnumber>6</Pnumber>
<P2para>
<Text>Where the Treasury issue, vary, revoke or suspend a general licence or a licence which authorises acts by persons of a particular description under paragraph (1), the Treasury must take such steps as the Treasury consider appropriate to publicise the issue, variation, revocation or suspension of the licence.</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31">
<Title>Finance: licensing offences</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/22/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/22" id="regulation-22">
<Pnumber>
<CommentaryRef Ref="key-af3591828b929a2233c90dff4e08cfaf"/>
<CommentaryRef Ref="key-d04a7ad4922679fda9650505ada70449"/>
22
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/22/1/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/22/1" id="regulation-22-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>A person (“P”) commits an offence if P knowingly or recklessly—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/22/1/a/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/22/1/a" id="regulation-22-1-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>provides information that is false in a material respect, or</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/22/1/b/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/22/1/b" id="regulation-22-1-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>provides or produces a document that is not what it purports to be,</Text>
</P3para>
</P3>
<Text>for the purpose of obtaining a Treasury licence (whether for P or anyone else).</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/22/2/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/22/2" id="regulation-22-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>A person who purports to act under the authority of a Treasury licence but who fails to comply with any condition of the licence commits an offence.</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31">
<Title>Section 8B(1) to (3) of the Immigration Act 1971: directions</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/23/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/23" id="regulation-23">
<Pnumber>
<CommentaryRef Ref="key-f4f2b369f84f0396851d42837ffabdc6"/>
<CommentaryRef Ref="key-2041ed6775803f867e415dece2fa0d68"/>
23
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/23/1/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/23/1" id="regulation-23-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>The Secretary of State may direct that, in relation to any person within regulation 17 (immigration) whose name is specified, or who is of a specified description, section 8B(1) and (2) of the Immigration Act 1971, or section 8B(3) of that Act, have effect subject to specified exceptions.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/23/2/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/23/2" id="regulation-23-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>A direction may contain conditions.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/23/3/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/23/3" id="regulation-23-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>A direction must be of a defined duration (and that duration may be expressed in any way, including, for example, being expressed in a way such that the direction ceases to have effect on, or within a specified period after, the occurrence of a specified event).</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/23/4/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/23/4" id="regulation-23-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>The Secretary of State may vary, revoke or suspend a direction at any time.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/23/5/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/23/5" id="regulation-23-5">
<Pnumber>5</Pnumber>
<P2para>
<Text>On the issue, variation, revocation or suspension of a direction, the Secretary of State may take such steps as the Secretary of State considers appropriate to publicise the issue, variation, revocation or suspension of the direction.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/uksi/2020/1474/regulation/23/6/2022-08-30" IdURI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/23/6" id="regulation-23-6">
<Pnumber>6</Pnumber>
<P2para>
<Text>
In this regulation “
<Term id="term-specified">specified</Term>
” means specified in a direction.
</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</Part>
</Body>
</Secondary>
<Commentaries>
<Commentary id="c24373451" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/8" id="c00009" Year="2000" Class="UnitedKingdomPublicGeneralAct" Number="8">2000 c.8</Citation>
. Section 142D was inserted by the
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2013/33" id="c00010" Year="2013" Class="UnitedKingdomPublicGeneralAct" Number="33" Title="Financial Services (Banking Reform) Act 2013">Financial Services (Banking Reform) Act 2013 (c.33)</Citation>
,
<CitationSubRef id="c00011" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/4/1" Operative="true" CitationRef="c00010" SectionRef="section-4-1">section 4(1)</CitationSubRef>
.
</Text>
</Para>
</Commentary>
<Commentary id="c24373461" Type="M">
<Para>
<Text>
<CitationSubRef id="c00012" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/section/142A" SectionRef="section-142A">Section 142A</CitationSubRef>
was inserted by the Financial Services (Banking Reform) Act 2013, section 4(1).
</Text>
</Para>
</Commentary>
<Commentary id="c24373471" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/8" id="c00013" Year="2000" Class="UnitedKingdomPublicGeneralAct" Number="8">2000 c.8</Citation>
. Part 4A was inserted by the
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="c00014" Year="2012" Class="UnitedKingdomPublicGeneralAct" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c.21)</Citation>
,
<CitationSubRef id="c00015" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/11/2" Operative="true" CitationRef="c00014" SectionRef="section-11-2">section 11(2)</CitationSubRef>
and most recently amended by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2018/1149" id="c00016" Class="UnitedKingdomStatutoryInstrument" Year="2018" Number="1149">S.I. 2018/1149</Citation>
; it is prospectively amended by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2019/632" id="c00017" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="632">S.I. 2019/632</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c24373481" Type="M">
<Para>
<Text>
<CitationSubRef id="c00018" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/section/22" SectionRef="section-22">Section 22</CitationSubRef>
was amended by the
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2018/10" id="c00019" Year="2018" Class="UnitedKingdomPublicGeneralAct" Number="10" Title="Financial Guidance and Claims Act 2018">Financial Guidance and Claims Act 2018 (c.10)</Citation>
,
<CitationSubRef id="c00020" URI="http://www.legislation.gov.uk/id/ukpga/2018/10/section/27/4" Operative="true" CitationRef="c00019" SectionRef="section-27-4">section 27(4)</CitationSubRef>
; the Financial Services Act 2012, section 7(1); and
<Citation URI="http://www.legislation.gov.uk/id/uksi/2018/135" id="c00021" Class="UnitedKingdomStatutoryInstrument" Year="2018" Number="135">S.I. 2018/135</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c24373491" Type="M">
<Para>
<Text>
<Citation URI="http://www.legislation.gov.uk/id/uksi/2001/544" id="c00022" Class="UnitedKingdomStatutoryInstrument" Year="2001" Number="544">S.I. 2001/544</Citation>
, as most recently amended by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2019/679" id="c00023" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="679">S.I. 2019/679</Citation>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2020/117" id="c00024" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="117">S.I. 2020/117</Citation>
; and
<Citation URI="http://www.legislation.gov.uk/id/uksi/2020/480" id="c00025" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="480">S.I. 2020/480</Citation>
; and it is prospectively amended by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2019/710" id="c00026" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="710">S.I. 2019/710</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary id="c24373501" Type="M">
<Para>
<Text>
<CitationSubRef id="c00027" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/schedule/2" SectionRef="schedule-2">Schedule 2</CitationSubRef>
was amended by the
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2005/24" id="c00028" Year="2005" Class="UnitedKingdomPublicGeneralAct" Number="24" Title="Regulation of Financial Services (Land Transactions) Act 2005">Regulation of Financial Services (Land Transactions) Act 2005 (c.24)</Citation>
,
<CitationSubRef id="c00029" URI="http://www.legislation.gov.uk/id/ukpga/2005/24/section/1" Operative="true" CitationRef="c00028" SectionRef="section-1">section 1</CitationSubRef>
; the
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2008/31" id="c00030" Year="2008" Class="UnitedKingdomPublicGeneralAct" Number="31" Title="Dormant Bank and Building Society Accounts Act 2008">Dormant Bank and Building Society Accounts Act 2008 (c.31)</Citation>
,
<CitationSubRef id="c00031" URI="http://www.legislation.gov.uk/id/ukpga/2008/31/section/15" Operative="true" CitationRef="c00030" SectionRef="section-15">section 15</CitationSubRef>
and Schedule 2, paragraph 1; the Financial Services Act 2012, sections 7(2) to (5) and 8; the Financial Guidance and Claims Act 2018, section 27(13);
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/1881" id="c00032" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="1881">S.I. 2013/1881</Citation>
; and
<Citation URI="http://www.legislation.gov.uk/id/uksi/2018/135" id="c00033" Class="UnitedKingdomStatutoryInstrument" Year="2018" Number="135">S.I. 2018/135</Citation>
; and it is prospectively amended by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2019/632" id="c00034" Class="UnitedKingdomStatutoryInstrument" Year="2019" Number="632">S.I. 2019/632</Citation>
.
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-71a1e532552fccc80e7b5f82decf8760">
<Para>
<Text>
Reg. 18 not in force at made date, see
<CitationSubRef id="n6ab1d1045ce3ccfb" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/1/2" Operative="true">reg. 1(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-a0d8760c0c6de70d28e7776cc7912abb">
<Para>
<Text>
Reg. 19 not in force at made date, see
<CitationSubRef id="n7fff7ca33473d9a0" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/1/2" Operative="true">reg. 1(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-f5b3c6e908671bbba8a03390fd66214a">
<Para>
<Text>
Reg. 20 not in force at made date, see
<CitationSubRef id="nfbb33de32650efbd" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/1/2" Operative="true">reg. 1(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-54e0044903c6807b7e37515d31e93f40">
<Para>
<Text>
Reg. 21 not in force at made date, see
<CitationSubRef id="nec3d2d66213ada4f" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/1/2" Operative="true">reg. 1(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-af3591828b929a2233c90dff4e08cfaf">
<Para>
<Text>
Reg. 22 not in force at made date, see
<CitationSubRef id="na1036a79842bb830" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/1/2" Operative="true">reg. 1(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary Type="I" id="key-f4f2b369f84f0396851d42837ffabdc6">
<Para>
<Text>
Reg. 23 not in force at made date, see
<CitationSubRef id="ncb8a2ab61e95585b" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/1/2" Operative="true">reg. 1(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-6e0a2195ae10c38d0fbc564deb700841" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="regulation-18" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/18" id="ccn7dez24-00199">Reg. 18</CitationSubRef>
in force at 31.12.2020 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1514" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1514" Title="The Sanctions Regulations (EU Exit) (Commencement) Regulations 2020" id="ccn7dez24-00200">S.I. 2020/1514</Citation>
,
<CitationSubRef SectionRef="regulation-24-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1514/regulation/24/2" CitationRef="ccn7dez24-00200" Operative="true" id="ccn7dez24-00201">reg. 24(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-5c863a4fb40a3d48373f6b8389a89bae" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="regulation-19" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/19" id="ccn7dez24-00208">Reg. 19</CitationSubRef>
in force at 31.12.2020 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1514" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1514" Title="The Sanctions Regulations (EU Exit) (Commencement) Regulations 2020" id="ccn7dez24-00209">S.I. 2020/1514</Citation>
,
<CitationSubRef SectionRef="regulation-24-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1514/regulation/24/2" CitationRef="ccn7dez24-00209" Operative="true" id="ccn7dez24-00210">reg. 24(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-f2eeaddf70a72790234e05e477b4c19c" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="regulation-20" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/20" id="ccn7dez24-00217">Reg. 20</CitationSubRef>
in force at 31.12.2020 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1514" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1514" Title="The Sanctions Regulations (EU Exit) (Commencement) Regulations 2020" id="ccn7dez24-00218">S.I. 2020/1514</Citation>
,
<CitationSubRef SectionRef="regulation-24-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1514/regulation/24/2" CitationRef="ccn7dez24-00218" Operative="true" id="ccn7dez24-00219">reg. 24(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-4a9fb8eb50b010338fa8ad9d6a0280ec" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="regulation-21" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/21" id="ccn7dez24-00226">Reg. 21</CitationSubRef>
in force at 31.12.2020 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1514" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1514" Title="The Sanctions Regulations (EU Exit) (Commencement) Regulations 2020" id="ccn7dez24-00227">S.I. 2020/1514</Citation>
,
<CitationSubRef SectionRef="regulation-24-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1514/regulation/24/2" CitationRef="ccn7dez24-00227" Operative="true" id="ccn7dez24-00228">reg. 24(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-d04a7ad4922679fda9650505ada70449" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="regulation-22" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/22" id="ccn7dez24-00235">Reg. 22</CitationSubRef>
in force at 31.12.2020 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1514" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1514" Title="The Sanctions Regulations (EU Exit) (Commencement) Regulations 2020" id="ccn7dez24-00236">S.I. 2020/1514</Citation>
,
<CitationSubRef SectionRef="regulation-24-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1514/regulation/24/2" CitationRef="ccn7dez24-00236" Operative="true" id="ccn7dez24-00237">reg. 24(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-2041ed6775803f867e415dece2fa0d68" Type="I">
<Para>
<Text>
<CitationSubRef SectionRef="regulation-23" URI="http://www.legislation.gov.uk/id/uksi/2020/1474/regulation/23" id="ccn7dez24-00244">Reg. 23</CitationSubRef>
in force at 31.12.2020 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2020/1514" Class="UnitedKingdomStatutoryInstrument" Year="2020" Number="1514" Title="The Sanctions Regulations (EU Exit) (Commencement) Regulations 2020" id="ccn7dez24-00245">S.I. 2020/1514</Citation>
,
<CitationSubRef SectionRef="regulation-24-2" URI="http://www.legislation.gov.uk/id/uksi/2020/1514/regulation/24/2" CitationRef="ccn7dez24-00245" Operative="true" id="ccn7dez24-00246">reg. 24(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>