# The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019, Regulation 20: Opening of or taking up of business by a representative office, branch or subsidiary of DPRK credit or financial institution

Extent: E+W+S+N.I.

(1) A person (“P”) must not—
(a) open a representative office or establish a branch or subsidiary in the United Kingdom of a person falling within regulation 18(2);
(b) enter into an arrangement for, or on behalf of, a person falling within regulation 18(2) which relates to the opening of a representative office or the establishment of a branch or subsidiary in the United Kingdom, if P knows, or has reasonable cause to suspect, that the arrangement is for, or on behalf of, such a person; or
(c) authorise the taking up and pursuit of business by a representative office, branch or subsidiary of a person falling within regulation 18(2), if the representative office, branch or subsidiary was not operational before 19 February 2013.
(2) Paragraph (1) is subject to Part 9 (Exceptions and licences).
(3) A person who contravenes a prohibition in paragraph (1) commits an offence.

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Source: https://www.legislation.gov.uk/uksi/2019/411/regulation/20 (the official version)
Page: https://openlegislation.uk/democratic-peoples-republic-of-korea-sanctions-eu-exit-regulations-2019/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.