OpenLegislation

Regulation 89 Transitional provision: prior obligations etc.I1

United Kingdom

(1)

Where—

(a)

a person was named in Annex II, III or VI of the EU Libya Regulation immediately before IP completion day, and

(b)

the person is a designated person immediately before IP completion day,

any reference in a provision mentioned in paragraph (3) to the date on which a person became a designated person is to be read as a reference to the original listing date.

(2)

Where, immediately before IP completion day, a person was named for the purposes of paragraph 17 of resolution 1970 by the Security Council or the Committee, the reference in each of the provisions mentioned in paragraph (3) to the date on which a person became a designated person is a reference to the date on which the person was so named.

(3)

The provisions referred to in paragraphs (1) and (2) are—

(a)

regulation 19(4)(b) (partial asset-freeze prohibition in relation to making funds available to designated persons),

(b)

regulation 43(5) (finance: exceptions from prohibitions), F1...

F2(ba)

regulation 43ZB (finance: exceptions relating to payment of Treasury debt), and

(c)

paragraphs F311(a), 11A(b)(i) and 12(a) of Schedule 4 (Treasury licences: purposes).

(4)

In this regulation—

  • “designated person” means a designated person within the meaning of regulation 11 or 17;

  • “original listing date” means—

    1. (a)

      where the person was named in Annex II, III or VI of Council Regulation (EU) No 204/2011 of 2 March 2011 concerning restrictive measures in view of the situation in Libya immediately before the repeal of that Regulation, the date on which that person was named in Annex II, III or VI of that Regulation;

    2. (b)

      otherwise, the date on which the person was named in Annex II, III or VI of the EU Libya Regulation.

Annotations

Textual amendments

F1

Word in reg. 89(3)(b) omitted (10.7.2025) by virtue of The Sanctions (EU Exit) (Treasury Debt) Regulations 2025 (S.I. 2025/712), regs. 1(1), 5(3)(a)

F2

Reg. 89(3)(ba) inserted (10.7.2025) by The Sanctions (EU Exit) (Treasury Debt) Regulations 2025 (S.I. 2025/712), regs. 1(1), 5(3)(b)

F3

Words in reg. 89(3)(c) substituted (5.12.2024) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024 (S.I. 2024/1157), regs. 1(2), 31(13)

Commencement

I1

Reg. 89 in force at 31.12.2020 on IP completion day, see reg. 1(3)