Regulation 62 Transitional provision: prior obligationsI1I2

Where—

any reference in a provision in regulation 29(5) (finance: exception from prohibitions) to the date on which a person became a designated person is to be read as a reference to the original listing date.

In this regulation—

• “designated person” has the same meaning as it has in Part 3 (Finance);

• “original listing date” means the earliest of—

  1. (a)

     the date on which the person was designated by the Treasury for the purposes of Part 1 of the Terrorist Asset-Freezing etc. Act 2010;

  2. (b)

     the date on which the person was designated by Treasury under any Order mentioned in section 1(2) of the Terrorist Asset-Freezing (Temporary Provisions) Act 2010 M2;

  3. (c)

     the date on which the person was named in Annex 1 to the EU autonomous ISIL (Da'esh) and Al-Qaida Regulation; and

  4. (d)

     the date on which the person was named on the list provided for in Article 2(3) of EU Regulation 2580/2001;

• “EU Regulation 2580/2001” means Council Regulation (EC) No 2580/2001 of 27 December 2001 on specific restrictive measures directed against certain persons and entities with a view to combating terrorism, as it has effect in EU law;

• “the relevant date” means—

  1. (e)

     where regulations under section 56 of the Act provide that Part 3 comes into force at a specified time on a day, that time on that day;

  2. (f)

     otherwise, the date on which Part 3 comes into force.