# The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019, Regulation 30: Sale or purchase of bonds

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

(1) A person (“P”) must not directly or indirectly—
(a) sell to a person falling within paragraph (4), or
(b) purchase from such a person,
public bonds or public-guaranteed bonds issued after 19 February 2013 if P knows, or has reasonable cause to suspect, that the sale or purchase of such bonds is directly or indirectly to or from such a person.
(2) A person (“P”) must not provide brokering services to a person falling within paragraph (4) in respect of public bonds or public-guaranteed bonds issued after 19 February 2013, if P knows, or has reasonable cause to suspect, that the person falls within paragraph (4).
(3) A person (“P”) must not provide—
(a) brokering services,
(b) advertising services, or
(c) any other services,
if P knows, or has reasonable cause to suspect, that the provision of the services assists a person falling within paragraph (4) to issue public bonds or public-guaranteed bonds.
(4) The following persons fall within this paragraph—
(a) the Government of the DPRK;
(b) the Central Bank of the DPRK;
(c) a person falling within regulation 18(2) (DPRK credit or financial institutions etc.);
(d) a person acting on behalf of or at the direction of a person falling within sub-paragraph (a) or (b);
(e) a person, other than an individual, which is owned or controlled directly or indirectly (within the meaning of regulation 7) by a person falling within any of sub-paragraphs (a) to (c).
(5) Paragraphs (1) to (3) are subject to Part 9 (Exceptions and licences).
(6) A person who contravenes a prohibition in paragraph (1), (2) or (3) commits an offence.

---
Source: https://www.legislation.gov.uk/uksi/2019/411/regulation/30 (the official version)
Page: https://openlegislation.uk/democratic-peoples-republic-of-korea-sanctions-eu-exit-regulations-2019/regulation-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.