# The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019, Regulation 22: Acquisition or extension of ownership interest by a DPRK credit or financial institution

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

(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.

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Source: https://www.legislation.gov.uk/uksi/2019/411/regulation/22 (the official version)
Page: https://openlegislation.uk/democratic-peoples-republic-of-korea-sanctions-eu-exit-regulations-2019/regulation-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.