Regulation 22 Acquisition or extension of ownership interest by a DPRK credit or financial institutionI1I2
United Kingdom
(1)
A person falling within regulation 18(2) must not directly or indirectly acquire or extend a participation, or acquire any ownership interest, in a UK credit or financial institution.
(2)
Paragraph (1) is subject to Part 9 (Exceptions and licences).
(3)
A person who contravenes the prohibition in paragraph (1) commits an offence.
Annotations
Commencement
- I1
Reg. 22 not in force at made date, see reg. 1(2)
- I2
Reg. 22 in force at 31.12.2020 by S.I. 2019/627, reg. 7(2); 2020 c. 1, Sch. 5 para. 1(1)