The Libya (Sanctions) (Overseas Territories) Order 2021 No. 37

SCHEDULE 2 Modifications to be made in the extension of the Libya (Sanctions) (EU Exit) Regulations 2020 to each British overseas territory listed in Schedule 1

65.  For regulation 88 (transitional provision: pending applications for trade licences) substitute—

“88.— (1) Paragraph (2) applies where—

(a) an application was made before the relevant date for a licence under the 2011 Overseas Territories Order,

(b) the application is for authorisation of an act prohibited by Part 5 (Trade), and

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

(2) The application is to be treated on and after the relevant date as an application for a licence under regulation 49 (trade licences).

(3) In this regulation—

“the 2011 Overseas Territories Order” has the meaning it has in regulation 86 (transitional provision: financial sanctions licences);

“the relevant date” means the date on which Part 5 comes into force.”