The Republic of Belarus (Sanctions) (EU Exit) (Isle of Man) Order 2021

58.  For regulation 69 (transitional provision: trade licences), substitute— U.K.

“69.— (1) Paragraph (2) applies to a licence or authorisation which—

(a) was issued by the Treasury under regulation 33 of the 2019 Regulations,

(b) was in effect immediately before the relevant date, and

(c) authorises an act which would (on and after the relevant date, and in the absence of paragraph (2)) be prohibited by Part 5 (Trade),

and such a licence or authorisation is referred to in this regulation as an “existing trade sanctions licence”.

(2) An existing trade sanctions licence which authorises an act which would otherwise be prohibited has an effect on and after the relevant date as if it had been issued by the Treasury under regulation 33 (trade licences).

(3) Any reference in an existing trade sanctions licence to—

(a) a provision of the 2019 Regulations, or

(b) a provision in any other enactment which was treated as a reference to the corresponding provision of the 2019 Regulations,

is to be treated on and after the relevant date as a reference to the corresponding provision of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019, as they have effect in the Isle of Man from the relevant date.

(4) Paragraph (5) applies where—

(a) an application for a licence, or for the variation of a licence, under the 2019 Regulations was made before the relevant date,

(b) the application is for the authorisation of conduct which would (on and after the relevant date) be prohibited under Part 5, and

(c) a decision to grant or refuse the application has not been made before that date.

(5) The application is to be treated on and after the relevant date as an application for a licence, or for the variation of a licence (as the case may be), under regulation 33.

(6) For the purposes of paragraph (4), the reference to an application for a licence under the 2019 Regulations includes an application that is treated as such an application by virtue of regulation 70 (transitional provision: pending applications for trade licences) of the 2019 Regulations.

(7) In this regulation—

“the 2019 Regulations” means the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019, as applied to the Isle of Man by the Republic of Belarus Sanctions (Application) Regulations 2020;

“the relevant date” means the date the Republic of Belarus (Sanctions) (EU Exit) (Isle of Man) Order 2021 comes into force.”

Commencement Information

I1 Sch. para. 58 in force at 11.11.2021, see art. 1(1)