Paragraph 53 I1

United Kingdom

In regulation 61 (transitional provision: Treasury licences)—

(a)

in the heading, for “Treasury licences” substitute “financial sanctions licences”;

(b)

for paragraph (1)(a), substitute—

“(a)
was granted by the Governor under—
(i)
the 2011 Order^f1; or
(ii)
article 11 of the 2016 Order;”;

(c)

in paragraph (2), for “Treasury under regulation 31(1) (treasury licences)” substitute “Governor under regulation 31(1) (financial sanctions licences)”;

(d)

in paragraph (3), for “Terrorist Asset-Freezing etc. Act 2010 or 2011 Regulations” substitute “2011 Order or 2016 Order”;

(e)

in paragraph (4), before sub-paragraph (a), insert—

“(za)
the 2011 Order,
(zb)
the 2016 Order,”;

(f)

in paragraph (5)(a)(i), for “Terrorist Asset-Freezing etc. Act 2010” substitute “2011 Order”;

(g)

in paragraph (5)(a)(ii), for “2011 Regulations in respect of persons named in Annex 1 to the EU autonomous ISIL (Da’esh) and Al-Qaida) Regulation” substitute “2016 Order”;

(h)

in paragraph (6), for “(treasury licences)” substitute “(financial sanctions licences)”;

(i)

in paragraph (7)—

(aa)

at the appropriate place, insert—

““the 2011 Order” means the Terrorist Asset-Freezing etc. Act 2010 (Overseas Territories) Order 2011^f2;
“the 2016 Order” means the ISIL (Da’esh) and Al-Qaida (Sanctions) (Overseas Territories) Order 2016^f3;”;

(bb)

for the definition of “the relevant date” substitute—

““the relevant date” means the date on which Part 3 comes into force.”

Annotations

Commencement

I1: Sch. 2 para. 53 in force at 31.12.2020 immediately after S.I. 2020/591, S.I. 2020/950 and S.I. 2020/1289 come into force, see art. 1

Footnotes

f1: Section 17 of the Terrorist Asset-Freezing etc. Act 2010 (c.38) provides for licences to be granted by the Treasury. Section 17 is modified by the 2011 Order (S.I. 2011/750), as amended by S.I. 2017/157.
f2: S.I. 2011/750, amended by S.I. 2017/157.
f3: S.I. 2016/1218.