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The Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019

S.I. 2019/577 · Made 14 March 2019 · 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 14th March 2019

Laid before Parliament 15th March 2019

Coming into force in accordance with regulation 1(2)

The Treasury M1, in exercise of the powers conferred by sections 1(1)(a) and (c) and (3), 3(1)(a), (b)(i) and (d)(i), 9(2)(a), 10(2)(a), (3) and (4), 11(2) to (9), 15(2)(a) and (b), (3)(a), (b), (d), (f), (g) and (h) and (6), 16(1)(a), (b), (c) and (e), (2) and (3)(a), 17(2)(a), (b)(i) and (c), (3) 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 section 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)(b) of the Act defines an “appropriate Minister” as including the Treasury.

M2

2018 c.13.

Modifications

C1

Regulations extended (British overseas territories) (with modifications) (31.12.2020 immediately after both S.I. 2020/950 and S.I. 2020/1289 have come into force) by The Counter-Terrorism (Sanctions) (Overseas Territories) Order 2020 (S.I. 2020/1564), art. 2, Sch. 1, Sch. 2; S.I. 2020/1514, regs. 17, 21 (as amended (11.12.2025) by The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025 (S.I. 2025/1307), art. 1(1), Sch. 10)

Contents

  1. Part 1: General
  2. 1Citation and commencement
  3. 2Interpretation
  4. 3Application of prohibitions and requirements
  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 or financial services available to designated person
  17. 13Making funds or financial services available for benefit of designated person
  18. 14Making economic resources available to designated person
  19. 15Making economic resources available for benefit of designated person
  20. 16Circumventing etc. prohibitions
  21. Part 3A: Director disqualification sanctions
  22. 16ADirector disqualification sanctions
  23. Part 3B: Immigration
  24. 16BImmigration
  25. Part 4: Exceptions and licences
  26. 17Finance: exceptions from prohibitions
  27. 17ZAFinance: exception from prohibitions for required payments
  28. 17AFinance: exception for authorised conduct in a relevant country
  29. 18Exception for acts done for purposes of national security or prevention of serious crime
  30. 19Treasury licences
  31. 19ADirector disqualification licences
  32. 19BLicences: general provisions
  33. 20Finance: licensing offences
  34. 20ADirector disqualification: licensing offences
  35. 20BSection 8B(1) to (3) of Immigration Act 1971: directions
  36. Part 5: Information
  37. 21Finance: reporting obligations
  38. 21AFinance: reporting obligations for required payments
  39. 22“Relevant firm”
  40. 23Finance: powers to request information
  41. 24Finance: production of documents
  42. 25Finance: information offences
  43. 26Disclosure of information
  44. 26AFinance: disclosure to the Treasury
  45. 27Part 5: supplementary
  46. Part 6: Enforcement
  47. 28Penalties for offences
  48. 29Liability of officers of bodies corporate etc
  49. 30Jurisdiction to try offences
  50. 31Procedure for offences by unincorporated bodies
  51. 32Time limit for proceedings for summary offences
  52. 33Application of Chapter 1 of Part 2 of Serious Organised Crime and Police Act 2005
  53. Part 7: Supplementary and final provision
  54. 34Notices
  55. 34AAmendment of the Charities Act 2011
  56. 34BAmendment of the Sanctions and Anti-Money Laundering Act 2018
  57. 34CAmendment of the Electronic Money Regulations 2011
  58. 34DAmendment of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
  59. 34EAmendment of the Payment Services Regulations 2017
  60. 35Transitional provision: Treasury licences
  61. 36Transitional provision: prior obligations
  62. Signature
  63. Schedule: Rules for interpretation of regulation 7(2)
  64. 1Application of Schedule
  65. 2Joint interests
  66. 3Joint arrangements
  67. 4Calculating shareholdings
  68. 5Voting rights
  69. 6Paragraph 6
  70. 7Rights to appoint or remove members of the board
  71. 8Paragraph 8
  72. 9Shares or rights held “indirectly”
  73. 10Shares held by nominees
  74. 11Rights treated as held by person who controls their exercise
  75. 12Paragraph 12
  76. 13Rights exercisable only in certain circumstances etc.
  77. 14Rights attached to shares held by way of security
  78. Explanatory note