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The Bosnia and Herzegovina (Sanctions) (EU Exit) Regulations 2020

S.I. 2020/608 · Made 18 June 2020 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 13 May 2026.

Exiting The European Union

Sanctions

Made 18th June 2020

Laid before Parliament 22nd June 2020

Coming into force in accordance with regulation 1(2)

The Secretary of State M1, in exercise of the powers conferred by sections 1(1)(c) and (3)(b), 3(1)(a) and (d)(i), 4, 9(2)(a), 10(2)(a) and (c), (3) and (4), 11, 15(2)(a) and (b), (3), (4)(b), (5) and (6), 16, 17(2) to (5) and (8), 21(1), 54(1) and (2), 56 and 62(4) and (5) of the Sanctions and Anti-Money Laundering Act 2018 M2, and having decided, upon consideration of the matters set out in sections 2(2) and 56(1) of that Act, that it is appropriate to do so, makes the following Regulations:C1

Annotations to the whole text

Marginal citations

M1

The power to make regulations under Part 1 of the Sanctions and Anti-Money Laundering Act 2018 (c.13) is conferred on an “appropriate Minister”. Section 1(9)(a) of that Act defines an “appropriate Minister” as including the Secretary of State.

M2

2018 c.13.

Modifications

C1

Regulations extended (British overseas territories) (with modifications) (31.12.2020 immediately after S.I. 2020/951 has come into force) by The Bosnia and Herzegovina (Sanctions) (Overseas Territories) Order 2020 (S.I. 2020/1268), art. 2, Sch. 1, Sch. 2 (as amended (11.12.2025) by S.I. 2025/1307, art. 1(1), Sch. 18); S.I. 2020/1514, reg. 5)

Contents

  1. Part 1: General
  2. 1Citation and commencement
  3. 2Interpretation
  4. 3Application of prohibitions and requirements outside the United Kingdom
  5. 4Purposes
  6. Part 2: Designation of persons
  7. 5Power to designate persons
  8. 5AConditions for the designation of persons by name
  9. 6Designation criteria: meaning of “involved person”
  10. 7Meaning of “owned or controlled directly or indirectly”
  11. 8Notification and publicity where designation power used
  12. 9Confidential information in certain cases where designation power used
  13. Part 3: Finance
  14. 10Meaning of “designated person” in Part 3
  15. 11Asset-freeze in relation to designated persons
  16. 12Making funds available to designated persons
  17. 13Making funds available for benefit of designated persons
  18. 14Making economic resources available to designated persons
  19. 15Making economic resources available for benefit of designated persons
  20. 16Circumventing etc. prohibitions
  21. Part 3A: Director disqualification sanctions
  22. 16ADirector disqualification sanctions
  23. Part 4: Immigration
  24. 17Immigration
  25. Part 5: Exceptions and licences
  26. 18Finance: exceptions from prohibitions
  27. 18AFinance: exception for authorised conduct in a relevant country
  28. 18BFinance: exception from prohibitions for required payments
  29. 19Exception for acts done for purposes of national security or prevention of serious crime
  30. 20Treasury licences
  31. 20ADirector disqualification licences
  32. 20BLicences: general provisions
  33. 21Notices
  34. 22Finance: licensing offences
  35. 22ADirector disqualification: licensing offences
  36. 23Section 8B(1) to (3) of the Immigration Act 1971: directions
  37. Part 6: Information and records
  38. 24Finance: reporting obligations
  39. 24AFinance: reporting obligations for required payments
  40. 25“Relevant firm”
  41. 26Finance: powers to request information
  42. 27Finance: production of documents
  43. 28Finance: information offences
  44. 29Disclosure of information
  45. 29AFinance: disclosure to the Treasury
  46. 30Part 6: supplementary
  47. Part 7: Enforcement
  48. 31Penalties for offences
  49. 32Liability of officers of bodies corporate etc.
  50. 33Jurisdiction to try offences
  51. 34Procedure for offences by unincorporated bodies
  52. 35Time limit for proceedings for summary offences
  53. 36Application of Chapter 1 of Part 2 of the Serious Organised Crime and Police Act 2005
  54. Signature
  55. Schedule 1: Rules for interpretation of regulation 7(2)
  56. 1Application of Schedule
  57. 2Joint interests
  58. 3Joint arrangements
  59. 4Calculating shareholdings
  60. 5Voting rights
  61. 6Paragraph 6
  62. 7Rights to appoint or remove members of the board
  63. 8Paragraph 8
  64. 9Shares or rights held “indirectly”
  65. 10Shares held by nominees
  66. 11Rights treated as held by person who controls their exercise
  67. 12Paragraph 12
  68. 13Rights exercisable only in certain circumstances etc.
  69. 14Rights attached to shares held by way of security
  70. Schedule 2: Treasury licences: purposes
  71. 1Interpretation
  72. 2Basic needs
  73. 3Legal services
  74. 4Maintenance of frozen funds and economic resources
  75. 5Extraordinary expenses
  76. 6Judicial decisions etc.
  77. 7Diplomatic missions etc.
  78. 8Extraordinary situations
  79. 9Prior obligations
  80. 10Insolvency
  81. Explanatory note