SCHEDULE 2Modifications to be made in the extension of the Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 to each British overseas territory listed in Schedule 1

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In regulation 94 (Treasury directions: general provisions)—

a

in the heading, for “Treasury directions” substitute “Financial sanctions directions”;

b

in paragraph (1), for “Treasury directions” substitute “financial sanctions directions”;

c

in paragraph (4), for “Treasury may” substitute “Governor may, with the consent of the Secretary of State,”;

d

in paragraph (5)—

i

for “Treasury must” substitute “Governor must”;

ii

in sub-paragraph (b), for “Treasury consider” substitute “Governor considers”.