{
  "url": "https://openlegislation.uk/republic-of-belarus-sanctions-eu-exit-regulations-2019/regulation-15B",
  "json_url": "https://openlegislation.uk/republic-of-belarus-sanctions-eu-exit-regulations-2019/regulation-15B.json",
  "legislation": "uksi/2019/600",
  "legislation_title": "The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/republic-of-belarus-sanctions-eu-exit-regulations-2019",
  "path": "regulation/15B",
  "kind": "regulation",
  "number": "15B",
  "heading": "Loans and credit arrangements",
  "text": "(1) A person (“P”) must not directly or indirectly grant a relevant loan if P knows, or has reasonable cause to suspect, that P is granting a relevant loan.\n(2) A person must not directly or indirectly enter into any arrangement to grant a relevant loan if the person knows, or has reasonable cause to suspect, that the arrangement relates to a relevant loan.\n(3) Paragraphs (1) and (2) are subject to Part 6 (Exceptions and licences).\n(4) A person who contravenes a prohibition in paragraph (1) or (2) commits an offence.\n(5) In this regulation—\n“category A loan” means a loan or credit which—\n(a)has a maturity exceeding 90 days,\n(b)is made or granted to a relevant person, and\n(c)is first made or granted—\n(aa)after the date on which the Amendment Regulations 2021 come into force, and\n(bb)before the Amendment Regulations 2022 come into force;\n“category B loan” means a loan or credit which—\n(a)is made or granted to a relevant person,\n(b)is first made or granted after the Amendment Regulations 2022 come into force;\n“category C loan” means a loan or credit which—\n(a)has a maturity exceeding 30 days,\n(b)is made or granted—\n(i)to a person, other than an individual, which is connected with Belarus and which is not—\n(aa)a person which on the date on which the Amendment Regulations 2022 come into force is domiciled in a country other than Belarus,\n(bb)a person which is majority owned by a person falling within paragraph (aa), or\n(ii)to a person, other than an individual, which is majority owned by a person within sub-paragraph (i),\n(c)is first made or granted after the Amendment Regulations 2022 come into force, and\n(d)is not a category B loan;\n“relevant loan” means a category A loan, a category B loan or a category C loan.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 3 Ch. 2 inserted (14.10.2021 at noon) by The Republic of Belarus (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2021 (S.I. 2021/1146), regs. 1(2), 8"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Reg. 15B(5) substituted (5.7.2022) by The Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2022 (S.I. 2022/748), regs. 1(2), 12"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/600/regulation/15B",
    "retrieved_at": "2026-10-28T22:44:11.360092+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."
}