OpenLegislation

Paragraph 1 InterpretationI1I2

United Kingdom

F1(1)

In this Schedule

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

  • “frozen funds or economic resources” means funds or economic resources frozen by virtue of regulation F28, and any reference to a person's frozen funds or economic resources is to funds or economic resources frozen as a consequence of the designation of that person for the purposes of that regulation.

F3(2)

For the purposes of this Schedule, references to a designated person are to be read as including a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by the designated person.

Annotations

Textual amendments

F1

Sch. 2 para. 1 renumbered as Sch. 2 para. 1(1) (5.12.2024) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024 (S.I. 2024/1157), regs. 1(2), 7(9)(a)

F2

Word in Sch. 2 para. 1(1) substituted (5.12.2024) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024 (S.I. 2024/1157), regs. 1(2), 7(9)(b)

F3

Sch. 2 para. 1(2) inserted (5.12.2024) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024 (S.I. 2024/1157), regs. 1(2), 7(9)(c)

Commencement

I1

Sch. 2 para. 1 not in force at made date, see reg. 1(2)

I2

Sch. 2 para. 1 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)