Regulation 3 Application of prohibitions and requirementsI1

United Kingdom

(1)

A United Kingdom person may contravene a relevant prohibition by conduct wholly or partly outside the United Kingdom.

(2)

Any person may contravene a relevant prohibition by conduct in the territorial sea.

(3)

In paragraphs (1) and (2), a “relevant prohibition” means any prohibition imposed—

(a)

by regulation 9(2) (confidential information),

(b)

by Part 3 (Finance), or

(c)

by a condition of a Treasury licence.

(4)

A United Kingdom person may comply, or fail to comply, with a relevant requirement by conduct wholly or partly outside the United Kingdom.

(5)

Any person may comply, or fail to comply, with a relevant requirement by conduct in the territorial sea.

(6)

In paragraphs (4) and (5), a “relevant requirement” means any requirement imposed—

(a)

by or under Part 5 (Information), or by reason of a request made under a power conferred by that Part, or

(b)

by a condition of a Treasury licence.

(7)

Nothing in this regulation is to be taken to prevent a relevant prohibition or a relevant requirement from applying to conduct (by any person) in the United Kingdom.

Annotations

Commencement

I1: Reg. 3 in force at 31.12.2020 by S.I. 2020/1416, reg. 2(2)