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4.—(1) In the heading to regulation 60DB, for “exception” substitute “exceptions”.
(2) In regulation 60DB—
(a)for paragraph (2), substitute—
“(2) The prohibitions in regulation 54D are not contravened by any act done by a person for the purpose of providing legal advisory services in relation to the discharge of or compliance with UK statutory or regulatory obligations.”;
(b)after paragraph (3), insert—
“(3A) The prohibitions in regulation 54D are not contravened by any act done by a person for the purpose of providing legal advisory services to any person on or in connection with—
(a)compliance with, or the consequences of non-compliance with, any relevant law,
(b)the discharge of obligations under any relevant law, or
(c)the potential, or actual, application of punitive measures.”;
(c)in paragraph (5), after the definition of “legal advisory services” insert—
““punitive measures” mean any sanction which may be applied by a country in relation to a person (“P”) in retaliation for P engaging, or proposing to engage, in conduct which would render P liable to penalties under the law of that country if P were subject to its jurisdiction;
“relevant law” means—
any sanction, imposed by any jurisdiction;
any law of Russia that has as its primary object or effect the frustration of any sanctions referred to in paragraph (a), or
any criminal law imposed by any jurisdiction;
“sanction” includes any export or import control or other restrictive measure.”.
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