Paragraph 11 I1

For regulation 11 (meaning of “designated person” in Part 3) substitute—

“11.

In this Part, a “designated person” means—

(a)

a person who is designated from time to time by the Secretary of State under regulation 5 (power to designate persons) (as it has effect in the United Kingdom) for the purposes of regulations 12 to 16 (asset-freeze etc.) (as they have effect in the United Kingdom), or

(b)

a person who is designated for the purposes of regulations 12 to 16 by reason of regulation 10 (designation of persons named by or under UN Security Council Resolutions).”