# The Myanmar (Sanctions) (Overseas Territories) Order 2021, Paragraph 19A


For regulation 41A (finance: exception from prohibitions for required payments) substitute—
“Finance: exception from prohibitions for required payments
41A (1) This regulation applies to required payments within the meaning of paragraph (2).
(2) A required payment is a payment which a designated person is required to make under or by virtue of any enactment which applies in the Territory to—
(a) a government department or body,
(b) a customs authority,
(c) a revenue authority,
(d) a registrar of companies,
(e) a financial regulator,
(f) a land authority, or
(g) a consolidated fund.
(3) The prohibitions in regulations 11 (asset-freeze in relation to designated persons) and 13 (making funds available for benefit of designated persons) are not contravened by a person making a required payment.
(4) Where a required payment is made by a person other than a designated person, the prohibition in regulation 11 is not contravened by the designated person making a reimbursement payment to that person.
(5) The reference in paragraph (3) to a person making a required payment includes a designated person, but only where they are making a required payment on their own behalf.
(6) For the purposes of this regulation, 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.
(7) In this regulation—
“designated person” has the same meaning as it has in Part 3 (finance);
“reimbursement payment” means a repayment from the designated person to the person who made a required payment which is of the same amount as that required payment.”.

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Source: https://www.legislation.gov.uk/uksi/2021/528/schedule/2/paragraph/19A (the official version)
Page: https://openlegislation.uk/myanmar-sanctions-overseas-territories-order-2021/schedule-2/paragraph-19A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.