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The Republic of Belarus (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2021
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- UK Statutory Instruments
- 2021 No. 1146
- PART 6
- Regulation 26
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26. In regulation 32,—
(a)after paragraph (1), insert—
“(1A) The prohibitions in regulation 15B (loans and credit) do not apply to anything done under the authority of a licence issued by the Treasury under this paragraph.
(1B) The prohibition in regulation 15C (insurance and reinsurance services) does not apply to anything done under the authority of a licence issued by the Treasury under this paragraph.”;
(b)in paragraph (2)—
(i)after “may issue a licence”, insert “under paragraph (1)”,
(ii)after “for a purpose set out in”, insert “Part 1 of”;
(c)after paragraph (2), insert—
“(3) The Treasury may issue a licence under paragraph (1A) which authorises acts by a particular person only where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Part 2 of Schedule 3.
(4) The Treasury may issue a licence under paragraph (1B) which authorises acts by a particular person only where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Part 3 of Schedule 3.”
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