{
  "url": "https://openlegislation.uk/republic-of-belarus-sanctions-eu-exit-amendment-regulations-2022/regulation-11",
  "json_url": "https://openlegislation.uk/republic-of-belarus-sanctions-eu-exit-amendment-regulations-2022/regulation-11.json",
  "legislation": "uksi/2022/748",
  "legislation_title": "The Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2022",
  "legislation_url": "https://openlegislation.uk/republic-of-belarus-sanctions-eu-exit-amendment-regulations-2022",
  "path": "regulation/11",
  "kind": "regulation",
  "number": "11",
  "heading": "Dealing with transferable securities or money-market instruments",
  "text": "In regulation 15A (dealing with transferable securities or money-market instruments)—\n(a) for paragraph (2)(c), substitute—\n“(c) is issued—\n(i) after the date on which the Amendment Regulations 2021 come into force, and\n(ii) before the Amendment Regulations 2022 come into force.”;\n(b) after paragraph (2) insert—\n“(2A) A person (“P”) must not, directly or indirectly, deal with a transferable security or money-market instrument falling within paragraphs (2B) or (2C) if P knows, or has reasonable cause to suspect, that P is dealing with such a transferable security or money-market instrument.\n(2B) A transferable security or money-market instrument falls within this paragraph if it is issued after the Amendment Regulations 2022 come into force by a relevant person.\n(2C) A transferable security or money-market instrument falls within this paragraph if it is issued after the Amendment Regulations 2022 come into force by—\n(a) a person connected with Belarus, which is not—\n(i) a relevant person,\n(ii) a person, other than an individual, which on the date on which the Amendment Regulations 2022 come into force is domiciled in a country other than Belarus, or\n(iii) a person which on the date on which the Amendment Regulations 2022 come into force is a branch or subsidiary, wherever located, of a person mentioned in paragraph (ii);\n(b) a person, other than an individual, which is majority owned by a person falling within sub-paragraph (a).”;\n(c) for paragraph (3) substitute—\n“(3) Paragraphs (1) and (2A) are subject to Part 6 (Exceptions and licences).”;\n(d) in paragraph (4), for “paragraph (1)” substitute “paragraph (1) or (2A)”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/748/regulation/11",
    "retrieved_at": "2026-10-28T21:57:59.448677+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}