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The Cyber (Sanctions) (EU Exit) Regulations 2020

S.I. 2020/597 · Made 15 June 2020 · 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 15th June 2020

Laid before Parliament 17th June 2020

Coming into force in accordance with regulation 1(2)

The Secretary of State M1, in exercise of the powers conferred by sections 1(1)(c) and (3)(b), 3(1)(a) and (d)(i), 4, 9(2)(a), 10(2)(a) and (c), (3) and (4), 11(2) to (9), 15(2)(a) and (b), (3), (4)(b), (5) and (6), 16, 17(2) 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 sections 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)(a) of that Act defines an “appropriate Minister” as including the Secretary of State.

M2

2018 c.13.

Modifications

C1

Regulations extended (British overseas territories) (with modifications) (31.12.2020 immediately after S.I. 2020/951 has come into force) by The Cyber (Sanctions) (Overseas Territories) (No. 2) Order 2020 (S.I. 2020/1270), art. 2, Schs. 1, 2 (as amended (11.12.2025) by S.I. 2025/1307, art. 1(1), Sch. 17); S.I. 2020/1514, reg. 18

Contents

  1. Part 1: General
  2. 1Citation and commencement
  3. 2Interpretation
  4. 3Application of prohibitions and requirements outside the United Kingdom
  5. 4Purpose
  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 available to designated persons
  17. 13Making funds available for benefit of designated persons
  18. 14Making economic resources available to designated persons
  19. 15Making economic resources available for benefit of designated persons
  20. 16Circumventing etc. prohibitions
  21. Part 3A: Director disqualification sanctions
  22. 16ADirector disqualification sanctions
  23. Part 4: Immigration
  24. 17Immigration
  25. Part 5: Exceptions and licences
  26. 18Finance: exceptions from prohibitions
  27. 18AFinance: exception for authorised conduct in a relevant country
  28. 18BFinance: exception from prohibitions for required payments
  29. 19Exception for acts done for purposes of national security or prevention of serious crime
  30. 20Treasury licences
  31. 20ADirector disqualification licences
  32. 20BLicences: general provisions
  33. 21Finance: licensing offences
  34. 21ADirector disqualification: licensing offences
  35. 22Section 8B(1) to (3) of the Immigration Act 1971: directions
  36. Part 6: Information and records
  37. 23Finance: reporting obligations
  38. 23AFinance: reporting obligations for required payments
  39. 24“Relevant firm”
  40. 25Finance: powers to request information
  41. 26Finance: production of documents
  42. 27Finance: information offences
  43. 28Disclosure of information
  44. 28AFinance: disclosure to the Treasury
  45. 29Part 6: supplementary
  46. Part 7: Enforcement
  47. 30Penalties for offences
  48. 31Liability of officers of bodies corporate etc.
  49. 32Jurisdiction to try offences
  50. 33Procedure for offences by unincorporated bodies
  51. 34Time limit for proceedings for summary offences
  52. 35Application of Chapter 1 of Part 2 of the Serious Organised Crime and Police Act 2005
  53. Part 8: Supplementary and final provision
  54. 36Notices
  55. 37Revocations
  56. 38Transitional provision: Treasury licences
  57. 39Transitional provision: prior obligations etc.
  58. Signature
  59. Schedule 1: Rules for interpretation of regulation 7(2)
  60. 1Application of Schedule
  61. 2Joint interests
  62. 3Joint arrangements
  63. 4Calculating shareholdings
  64. 5Voting rights
  65. 6Paragraph 6
  66. 7Rights to appoint or remove members of the board
  67. 8Paragraph 8
  68. 9Shares or rights held “indirectly”
  69. 10Shares held by nominees
  70. 11Rights treated as held by person who controls their exercise
  71. 12Paragraph 12
  72. 13Rights exercisable only in certain circumstances etc.
  73. 14Rights attached to shares held by way of security
  74. Schedule 2: Treasury licences: purposes
  75. 1Interpretation
  76. 2Basic needs
  77. 3Legal services
  78. 4Maintenance of frozen funds and economic resources
  79. 5Extraordinary expenses
  80. 6Judicial decisions etc.
  81. 7Diplomatic missions etc.
  82. 8Extraordinary situation
  83. 9Prior obligations
  84. 10Insolvency
  85. Explanatory note