Trade: exception relating to professional and business services60DA

1

The prohibitions in regulation 54C (professional and business services) are not contravened by any act done by a person (“P”)—

a

in satisfaction of an obligation—

i

in respect of the provision of professional and business services by P to a person connected with Russia where those services are provided in relation to the discharge or compliance with UK statutory or regulatory obligations, such obligations not arising under contract;

ii

arising under a contract concluded before 20th July 2022, or an ancillary contract necessary for the satisfaction of such a contract, provided that—

aa

the act is carried out before the end of the period of one month beginning with the day on which this regulation comes into force;

bb

P has notified the Secretary of State no later than the day 10 working days before the day on which the act is carried out;

b

that is necessary for the official purposes of a diplomatic mission or consular post in Russia, or of an international organisation enjoying immunities in accordance with international law.

2

For the purposes of this regulation, “diplomatic mission” and “consular post” are to be construed in accordance with paragraph A1 of Schedule 5.