# The Misappropriation (Sanctions) (EU Exit) Regulations 2020 (revoked) S.I. 2020/1468 · made 7 December 2020 · revised to 26 April 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PDFs: Printed copy https://openlegislation.uk/misappropriation-sanctions-eu-exit-regulations-2020-revoked/pdf/uksi_20201468_en.pdf; UK Explanatory Memorandum https://openlegislation.uk/misappropriation-sanctions-eu-exit-regulations-2020-revoked/pdf/uksiem_20201468_en.pdf ## Introductory text Exiting The European Union Sanctions Made 7th December 2020 Laid before Parliament 9th December 2020 Coming into force in accordance with regulation 1(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 1: General ## 1 Citation and commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Application of prohibitions and requirements outside the United Kingdom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 2: Designation of persons ## 5 Power to designate persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Designation criteria . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Meaning of “owned or controlled directly or indirectly” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Notification and publicity where designation power used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Confidential information in certain cases where designation power used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 3: Finance ## 10 Meaning of “designated person” in Part 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Asset-freeze in relation to designated persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Making funds available to designated persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Making funds available for benefit of designated persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Making economic resources available to designated persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Making economic resources available for benefit of designated persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Circumventing etc. prohibitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 4: Immigration ## 17 Immigration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 5: Exceptions and licences ## 18 Finance: exceptions from prohibitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Finance: exception for authorised conduct in a relevant country . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Exception for acts done for purposes of national security or prevention of serious crime . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Treasury licences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Finance: licensing offences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Section 8B(1) to (3) of the Immigration Act 1971: directions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 6: Information and records ## 24 Finance: reporting obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 “Relevant firm” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 Finance: powers to request information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Finance: production of documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Finance: information offences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Disclosure of information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 30 Part 6: supplementary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 7: Enforcement ## 31 Penalties for offences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Liability of officers of bodies corporate etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 Jurisdiction to try offences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 34 Procedure for offences by unincorporated bodies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 Time limit for proceedings for summary offences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 36 Application of Chapter 1 of Part 2 of the Serious Organised Crime and Police Act 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 8: Supplementary and final provision ## 37 Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 Revocations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Transitional provision: Treasury licences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 Transitional provision: prior obligations etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 1: Rules for interpretation of regulation 7(2) ## 1 Application of Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Joint interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Joint arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Calculating shareholdings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Voting rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Rights to appoint or remove members of the board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Shares or rights held “indirectly” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Shares held by nominees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Rights treated as held by person who controls their exercise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Rights exercisable only in certain circumstances etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Rights attached to shares held by way of security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule 2: Treasury licences: purposes ## 1 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Basic needs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Legal services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Maintenance of frozen funds and economic resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Extraordinary expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Pre-existing judicial decisions etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Diplomatic missions etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Humanitarian assistance activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Extraordinary situation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Prior obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Explanatory note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/uksi/2020/1468 (the official version) Page: https://openlegislation.uk/misappropriation-sanctions-eu-exit-regulations-2020-revoked Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.