{
  "url": "https://openlegislation.uk/global-anti-corruption-sanctions-overseas-territories-order-2021/schedule-2/paragraph-14",
  "json_url": "https://openlegislation.uk/global-anti-corruption-sanctions-overseas-territories-order-2021/schedule-2/paragraph-14.json",
  "legislation": "uksi/2021/525",
  "legislation_title": "The Global Anti-Corruption Sanctions (Overseas Territories) Order 2021",
  "legislation_url": "https://openlegislation.uk/global-anti-corruption-sanctions-overseas-territories-order-2021",
  "path": "schedule/2/paragraph/14",
  "kind": "paragraph",
  "number": "14",
  "heading": null,
  "text": "For regulation 21 (Treasury licences), substitute—\n“Financial sanctions licences\n21. (1) The prohibitions in regulations 11 to 15 (asset-freeze etc.) do not apply to anything done under the authority of a licence issued by the Governor under this paragraph.\n(2) The Governor may issue a financial sanctions licence only with the consent of the Secretary of State.\n(3) A financial sanctions licence—\n(a) must specify the acts authorised by it;\n(b) may be general or may authorise acts by a particular person or persons of a particular description;\n(c) may—\n(i) contain conditions;\n(ii) be of indefinite duration or a defined duration.\n(4) The Governor may issue a financial sanctions licence which authorises acts by a particular person only where the Governor considers that it is appropriate to issue the licence for a purpose set out in Schedule 2.\n(5) Where the Governor issues a financial sanctions licence, the Governor may, with the consent of the Secretary of State, vary, revoke or suspend it at any time.\n(6) Where the Governor issues, varies, revokes or suspends a financial sanctions licence which authorises acts by a particular person, the Governor must give written notice to that person of the issue, variation, revocation or suspension of the licence.\n(7) Where the Governor issues, varies, revokes or suspends a financial sanctions licence which is general or which authorises acts by persons of a particular description, the Governor must take such steps as the Governor considers appropriate to publicise the issue, variation, revocation or suspension of the licence.”",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 14 in force at 29.4.2021, see art. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2021/525/schedule/2/paragraph/14",
    "retrieved_at": "2026-10-28T22:14:15.169054+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}