1979 c. 38. Section 1 was amended by the Law Reform (Miscellaneous Provisions) (Scotland) Act 1985 (c.73), Schedule 1, paragraph 40; the Planning (Consequential Provisions) Act 1990 (c.11), Schedule 2, paragraph 42; the Planning (Consequential Provisions) (Scotland) Act 1997 (c.11), Schedule 2, paragraph 28; the Planning Act (Northern Ireland) 2011 (c.25), Schedule 6, paragraph 21; the Enterprise and Regulatory Reform Act 2013 (c.24), section 70; S.I. 1991/1220; S.I. 1991/2684; S.S.I. 2000/121 and S.I. 2001/1283.

http://www.legislation.gov.uk/uksi/2020/1563/schedule/2/paragraph/29/madeThe Iran (Sanctions) (Nuclear) (Overseas Territories) Order 2020enKing's Printer of Acts of Parliament2020-12-17OVERSEAS TERRITORIESSANCTIONSThis Order extends with modifications the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 (S.I. 2019/461) (“the Regulations”) as amended from time to time to all British overseas territories except Bermuda and Gibraltar (which implement sanctions under their own legislative arrangements).SCHEDULE 2Modifications to be made in the extension of the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 to each British overseas territory listed in Schedule 129

For regulation 47 (“relevant firm”) substitute—

471

The following are relevant firms for the purposes of regulation 46 (finance: reporting obligations)—

a

a relevant institution;

b

an undertaking that by way of business—

i

operates a currency exchange office,

ii

transmits money (or any representation of monetary value) by any means, or

iii

cashes cheques that are made payable to customers;

c

a firm or sole practitioner that provides to other persons, by way of business—

i

accountancy services,

ii

advice about tax affairs,

iii

auditing services,

iv

legal or notarial services, or

v

trust or company services;

d

a firm or sole practitioner that carries out, or whose employees carry out, estate agency work;

e

the holder of a licence to operate a casino in the Territory;

f

a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

i

articles made from gold, silver, platinum or palladium, or

ii

precious stones or pearls.

2

For the purposes of paragraph (1), the following definitions apply—

“estate agency work”, in relation to the Territory, is to be read in accordance with section 1 of the Estate Agents Act 1979, but as if references in that section to disposing of or acquiring an interest in land included (despite anything in section 2 of that Act) references to disposing of or acquiring an estate or interest in land outside the Territory where that estate or interest is capable of being owned or held as a separate interest;

“firm” means any entity that, whether or not a legal person, is not an individual, and includes a body corporate and a partnership or other unincorporated body;

“relevant institution” has the same meaning as it has in regulation 37;

“trust or company services” means any of the following services—

a

forming companies or other legal persons;

b

acting, or arranging for another person to act—

i

as a director or secretary of a company,

ii

as a partner of a partnership, or

iii

in a similar capacity in relation to other legal persons;

c

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

d

acting, or arranging for another person to act, as—

i

a trustee of an express trust or similar legal arrangement, or

ii

a nominee shareholder for a person.

3

For the purposes of regulation 46(1), information or another matter comes to a relevant firm “in the course of carrying on its business” if the information or other matter comes to the firm—

a

in the case of a relevant firm within paragraph (1)(a), in the course of carrying on an activity in respect of which permission under Part 4A of the Financial Services and Markets Act 2000 would be required if it had its registered office (or if it does not have one, its head office) in the United Kingdom, and

b

in the case of a relevant firm within any other provision of paragraph (1), in the course of carrying on an activity mentioned in that provision.

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<ref href="http://www.legislation.gov.uk/id/ukpga/1979/38">1979 c. 38</ref>
. Section 1 was amended by the Law Reform (Miscellaneous Provisions) (Scotland) Act
<ref href="http://www.legislation.gov.uk/id/ukpga/1985/73">1985 (c.73)</ref>
, Schedule 1, paragraph 40; the Planning (Consequential Provisions) Act
<ref href="http://www.legislation.gov.uk/id/ukpga/1990/11">1990 (c.11)</ref>
, Schedule 2, paragraph 42; the Planning (Consequential Provisions) (Scotland) Act
<ref href="http://www.legislation.gov.uk/id/ukpga/1997/11">1997 (c.11)</ref>
, Schedule 2, paragraph 28; the Planning Act (Northern Ireland)
<ref href="http://www.legislation.gov.uk/id/ukpga/2011/25">2011 (c.25)</ref>
, Schedule 6, paragraph 21; the Enterprise and Regulatory Reform Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2013/24">2013 (c.24)</ref>
, section 70;
<ref href="http://www.legislation.gov.uk/id/uksi/1991/1220">S.I. 1991/1220</ref>
;
<ref href="http://www.legislation.gov.uk/id/uksi/1991/2684">S.I. 1991/2684</ref>
;
<ref href="http://www.legislation.gov.uk/id/ssi/2000/121">S.S.I. 2000/121</ref>
and
<ref href="http://www.legislation.gov.uk/id/uksi/2001/1283">S.I. 2001/1283</ref>
.
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