# The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019, Regulation 15CA: Provision of financial services relating to foreign exchange reserve and asset management


(1) A person (“P”) must not provide financial services to a person mentioned in paragraph (2) where—
(a) the financial services are for the purpose of foreign exchange reserve and asset management; and
(b) P knows, or has reasonable cause to suspect, that the financial services are provided to such a person.
(2) The persons mentioned in this paragraph are—
(a) the National Bank of Belarus,
(b) the Ministry of Finance of Belarus,
(c) a person owned or controlled directly or indirectly (within the meaning of regulation 7) by a person mentioned in sub-paragraphs (a) or (b), or
(d) a person acting on behalf of or at the direction of a person mentioned in sub-paragraphs (a) or (b).
(3) Paragraph (1) is subject to Part 6 (Exceptions and licences).
(4) A person who contravenes the prohibition in paragraph (1) commits an offence.

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Source: https://www.legislation.gov.uk/uksi/2019/600/regulation/15CA (the official version)
Page: https://openlegislation.uk/republic-of-belarus-sanctions-eu-exit-regulations-2019/regulation-15CA
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.