# The Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) Order 2012, Article 10A: Sale or purchase of North Korean bonds


(1) A person (“P”) commits an offence if P sells or purchases (directly or indirectly) North Korean public or public-guaranteed bonds issued after the date on which this Order comes into force to or from a person... falling within paragraph (4) if P knows or has reasonable cause to suspect that the sale or purchase is to or from such a person....
(2) A person (“P”) commits an offence if P provides brokering services with respect to North Korean public or public-guaranteed bonds issued after the date on which this Order comes into force to a person... falling within paragraph (4) if P knows or has reasonable cause to suspect that the services are being provided to such a person....
(3) A person (“P”) commits an offence if P assists a person... falling within paragraph (4) to issue North Korean public or public-guaranteed bonds, by providing—
(a) brokering services,
(b) advertising, or
(c) any other service with respect to such bonds,
if P knows or has reasonable cause to suspect that P is assisting such a person....
(4) The following persons... fall within this paragraph—
(a) North Korea or its Government, and its public bodies, corporations and agencies;
(b) a credit or financial institution domiciled in North Korea, including the Central Bank of North Korea;
(c) a branch or subsidiary, wherever located, of a credit or financial institution domiciled in North Korea;
(d) a credit or financial institution that is not domiciled in North Korea, but is controlled by a person ... domiciled in North Korea;
(e) a person... acting on behalf of or at the direction of a ... person... falling within sub-paragraph (a), (b), (c) or (d);
(f) a legal person, entity or body owned or controlled by a person, entity or body falling within sub-paragraph (a), (b), (c), (d) or (e).

---
Source: https://www.legislation.gov.uk/uksi/2012/3066/article/10A (the official version)
Page: https://openlegislation.uk/democratic-peoples-republic-of-korea-sanctions-overseas-territories-order-2012/article-10A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.