OpenLegislation

Regulation 60 Transitional provisions: prior obligationsI1I2

United Kingdom

(1)

Where—

(a)

a person was named on the ISIL (Da'esh) and Al-Qaida Sanctions List, and

(b)

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

any reference in regulation 27(5) (finance: exceptions from prohibitions) to the date on which a person became a designated person is a reference to the date on which the person was named on the ISIL (Da'esh) and Al-Qaida Sanctions List.

(2)

In this regulation—

  • “designated person” has the same meaning as it has in Part 3 (Finance);

  • “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. 60 not in force at made date, see reg. 1(2)

I2

Reg. 60 in force at 31.12.2020 on IP completion day by S.I. 2019/627, reg. 9(2); 2020 c. 1, Sch. 5 para. 1(1)