# The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019, Regulation 24: Business arrangements with designated persons

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

(1) A person (“P”) must not participate, directly or indirectly, in business arrangements, including joint ventures, with a person who P knows to be, or has reasonable cause to suspect is—
(a) a designated person, or
(b) acting on behalf of or at the direction of a designated person.
(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/24 (the official version)
Page: https://openlegislation.uk/democratic-peoples-republic-of-korea-sanctions-eu-exit-regulations-2019/regulation-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.