The Iraq (Sanctions) (EU Exit) Regulations 2020

Transitional provision: prior obligations

73.—(1) Where—

(a) a person was named in Annex IV of the EU Iraq Regulation immediately before the relevant date, and

(b) the person is a designated person immediately before the relevant date,

any reference in regulation 30(5) (finance: exceptions from prohibitions) to the date on which a person became a designated person is to be read as a reference to the date on which the person was so named.

(2) Where, immediately before the relevant date, a person was named by the Security Council or the Committee for the purposes of paragraph 23(b) of resolution 1483, any reference in regulation 30(5) to the date on which a person became a designated person is to be read as a reference to the date on which the person was so named.

(3) In this regulation—

“designated person” has the same meaning as it has in regulation 6(2);

“the relevant date” means—

(a)

where regulations under section 56 of the Act provide that Part 3 comes into force at a specified time on a day, that time on that day;

(b)

otherwise, the date on which Part 3 comes into force.