PART 9Supplementary and final provision
Transitional provision: prior obligations73.
(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.