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Regulation 4 Treasury’s power to designate personsI1

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Where any condition in paragraph (2) is satisfied, the Treasury may give a direction that a person identified in the direction is designated for the purposes of these Regulations.

(2)

The conditions are that the Treasury have reasonable grounds for suspecting that the person is or may be—

(a)

a person listed in Annex V of the EC Regulation;

(b)

a person acting on behalf of or at the direction of a designated person; or

(c)

a person owned or controlled by a designated person.

(3)

The Treasury may vary or revoke a direction at any time.

Annotations

Commencement

I1

Reg. 4 in force at 3.5.2007, see reg. 1(1)