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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Protection of Trading Interests (Authorisation) Regulations 2021 (S.I. 2021/132) (“the 2021 Regulations”).

The 2021 Regulations authorise compliance by specified persons, for specified purposes, with requirements or prohibitions referred to in the first paragraph of Article 5 of Council Regulation (EC) No 2271/96 of 22 November 1996 protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom (EUR 1996/2271).

Regulation 2 extends an existing authorisation for Three Crowns (Services) LLP. It also clarifies that an existing reference in the Schedule to the Office of Foreign Assets Control is to the United States Office of Foreign Assets Control.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.