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Regulation 73 Transitional provision: prior obligationsI1I2

United Kingdom

(1)

Where—

(a)

a person was named in Annex IV of the EU Iraq Regulation immediately before the relevant date, and

(b)

the person is a designated person immediately before the relevant date,

any reference in regulation 30(5) (finance: exceptions from prohibitions) to the date on which a person became a designated person is to be read as a reference to the date on which the person was so named.

(2)

Where, immediately before the relevant date, a person was named by the Security Council or the Committee for the purposes of paragraph 23(b) of resolution 1483, any reference in regulation 30(5) to the date on which a person became a designated person is to be read as a reference to the date on which the person was so named.

(3)

In this regulation—

  • “designated person” has the same meaning as it has in regulation 6(2);

  • “the relevant date” means—

    1. (a)

      where regulations under section 56 of the Act provide that Part 3 comes into force at a specified time on a day, that time on that day;

    2. (b)

      otherwise, the date on which Part 3 comes into force.

Annotations

Commencement

I1

Reg. 73 not in force at made date, see reg. 1(2)

I2

Reg. 73 in force at 31.12.2020 by S.I. 2020/1514, reg. 14(2)