SCHEDULES

SCHEDULE 2U.K.Modifications to be made in the extension of the Global Human Rights Sanctions Regulations 2020 to each British overseas territory listed in Schedule 1

14.  For regulation 21 (finance: exception for authorised conduct in a relevant country) substitute—U.K.

“Finance: exceptions for authorised conduct outside the Territory

21.—(1) Where a person's conduct outside the Territory would, in the absence of this paragraph, contravene a prohibition in any of regulations 11 to 15 (asset-freeze etc.), the prohibition is not contravened if the conduct is authorised by a licence issued under regulation 20 (Treasury licences) (as it has effect in the United Kingdom).

(2) Where a person's conduct in a relevant country would, in the absence of this paragraph, contravene a prohibition in any of regulations 11 to 15 (“the relevant prohibition”), the relevant prohibition is not contravened if the conduct is authorised by a licence or other authorisation which is issued—

(a)under the law of the relevant country, and

(b)for the purpose of disapplying a prohibition in that jurisdiction which corresponds to the relevant prohibition.

(3) In this regulation, “relevant country” means—

(a)any of the Channel Islands;

(b)the Isle of Man;

(c)any British overseas territory other than the Territory.”

Commencement Information