Paragraph 52 I1

United Kingdom

In regulation 70 (transitional provision: Treasury licences)—

(a)

in the heading, for “Treasury licences” substitute “financial sanctions licences”;

(b)

for paragraph (1)(a) substitute—

“(a)
was granted, or deemed to be granted, by the Governor under article 10 of the 2015 Order,”

(c)

in paragraph (2), for “Treasury under regulation 35 (Treasury licences)” substitute “Governor under regulation 35 (financial sanctions licences)”;

(d)

in paragraph (3), for “2012 Regulations” substitute “2015 Order”;

(e)

in paragraph (4), before sub-paragraph (a), insert—

“(za)
the 2015 Order,”;

(f)

in paragraph (5)(a), for “2000 Order or the 2012 Regulations” substitute “2015 Order”;

(g)

in paragraph (7)—

(i)

at the appropriate place, insert—

““the 2015 Order” means the Iraq (Sanctions) (Overseas Territories) Order 2015^f1;”;

(ii)

for the definition of “the relevant date” substitute—

““the relevant date” means the date on which Part 3 comes into force.”

Annotations