The Counter-Terrorism (International Sanctions) (Overseas Territories) Order 2020

53.  In regulation 61 (transitional provision: Treasury licences)—

(a) in the heading, for “Treasury licences” substitute “financial sanctions licences”;

(b) for paragraph (1)(a), substitute—

“(a) was granted by the Governor under—

(i) the 2011 Order(1); or

(ii) article 11 of the 2016 Order;”;

(c) in paragraph (2), for “Treasury under regulation 31(1) (treasury licences)” substitute “Governor under regulation 31(1) (financial sanctions licences)”;

(d) in paragraph (3), for “Terrorist Asset-Freezing etc. Act 2010 or 2011 Regulations” substitute “2011 Order or 2016 Order”;

(e) in paragraph (4), before sub-paragraph (a), insert—

“(za) the 2011 Order,

(zb) the 2016 Order,”;

(f) in paragraph (5)(a)(i), for “Terrorist Asset-Freezing etc. Act 2010” substitute “2011 Order”;

(g) in paragraph (5)(a)(ii), for “2011 Regulations in respect of persons named in Annex 1 to the EU autonomous ISIL (Da’esh) and Al-Qaida) Regulation” substitute “2016 Order”;

(h) in paragraph (6), for “(treasury licences)” substitute “(financial sanctions licences)”;

(i) in paragraph (7)—

(aa) at the appropriate place, insert—

““the 2011 Order” means the Terrorist Asset-Freezing etc. Act 2010 (Overseas Territories) Order 2011(2);

“the 2016 Order” means the ISIL (Da’esh) and Al-Qaida (Sanctions) (Overseas Territories) Order 2016(3);”;

(bb) for the definition of “the relevant date” substitute—

““the relevant date” means the date on which Part 3 comes into force.”

(1)

Section 17 of the Terrorist Asset-Freezing etc. Act 2010 (c.38) provides for licences to be granted by the Treasury. Section 17 is modified by the 2011 Order (S.I. 2011/750), as amended by S.I. 2017/157.

(2)

S.I. 2011/750, amended by S.I. 2017/157.

(3)

S.I. 2016/1218.