Amendment of regulation 64 (Treasury licences)16
In regulation 64—
a
in paragraph (1), after “18B (investments in relation to Russia)”, insert “, 18C (trust services)”
;
b
in paragraph (1A)—
i
in the opening words, for “18B” substitute “18C”
;
ii
in sub-paragraph (b), for “or regulation 17A” substitute “regulation 17A or regulation 18C”
;
c
in paragraph (2), after sub-paragraph (d)—
i
omit “and”;
ii
insert—
da
in the case of acts which would otherwise be prohibited by regulation 18C (trust services), where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Part 3A of Schedule 5, and