# The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019, Regulation 21: DPRK credit or financial institutions: branches, subsidiaries, and representative offices

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

(1) A person (“P”) must not operate or facilitate the operation of—
(a) a branch,
(b) a subsidiary, or
(c) a representative office,
of a person falling within regulation 18(2) if P knows, or has reasonable cause to suspect, that the branch, subsidiary or representative office is a branch, subsidiary or representative office of such a person.
(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/21 (the official version)
Page: https://openlegislation.uk/democratic-peoples-republic-of-korea-sanctions-eu-exit-regulations-2019/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.