X1PART 1General
Application of prohibitions and requirements outside the United Kingdom3
1
A United Kingdom person may contravene a relevant prohibition by conduct wholly or partly outside the United Kingdom.
2
Any person may contravene a relevant prohibition by conduct in the territorial sea.
3
In this regulation, a “relevant prohibition” means any prohibition imposed by—
a
regulation 9(2) (confidential information),
b
Part 3 (Finance), or
c
a condition of a Treasury licence.
4
A United Kingdom person may comply, or fail to comply, with a relevant requirement by conduct wholly or partly outside the United Kingdom.
5
Any person may comply, or fail to comply, with a relevant requirement by conduct in the territorial sea.
6
In this regulation, a “relevant requirement” means any requirement imposed—
a
by or under Part 6 (Information and records), or by reason of a request made under a power conferred by that Part, or
b
by a condition of a Treasury licence.
7
Nothing in this regulation is to be taken to prevent a relevant prohibition or a relevant requirement from applying to conduct (by any person) in the United Kingdom.
This statutory instrument was made under a procedure whereby it ceases to have effect at the end of the period of 28 days beginning with the day on which it was made unless, during that period, the instrument is approved by a resolution of each House of Parliament. It was not approved by Parliament within that period and so has ceased to have effect.