Regulation 5 Designation of persons named under UN Security Council ResolutionsI1

United Kingdom

(1)

Each person for the time being named by the Security Council or the Committee for the purposes of paragraph 6 of resolution 2653 is a designated person for the purposes of regulations 8 to 12 (asset-freeze etc.) (whose purpose is compliance with the UN obligations mentioned in regulation 4(2)(a) (purposes))^f1.

(2)

Each person for the time being named by the Committee for the purposes of paragraph 11 of resolution 2653 is a designated person for the purposes of regulations 15 to 22 (trade) (whose purpose is compliance with the UN obligations mentioned in regulation 4(2)(b)).

Annotations

Commencement

I1: Reg. 5 in force at 28.12.2022, see reg. 1(2)

Footnotes

f1: Section 13 of the Sanctions and Anti-Money Laundering Act 2018 requires that where the purposes of a provision of regulations under section 1 include compliance with a UN obligation to take particular measures in relation to UN-named persons (which is the case with the regulations mentioned in regulation 5), the regulations must provide for those persons to be designated persons for the purposes of that provision.