Regulation 10 Treasury licences: purposes

After Part 2 of Schedule 5 (Treasury licences: purposes) insert—

“PART 3

Investments in relation to Russia

Extraordinary situation

14.

To enable anything to be done to deal with an extraordinary situation.

Humanitarian assistance activity

15.

To enable anything to be done in connection with the performance of any humanitarian assistance activity.

Medical goods or services

16.

(1)

To enable anything to be done in connection with the provision of medical goods or services for the benefit of the civilian population of a country.

(2)

To enable the import, export or use of medical goods.

Food

17.

To enable anything to be done in connection with the production or distribution of food for the benefit of the civilian population of a country.

Diplomatic missions etc.

18.

(1)

To enable anything to be done in order that the functions of a diplomatic mission or consular post in Russia, or of an international organisation enjoying immunities in accordance with international law, may be carried out.

(2)

To enable anything to be done in order that the functions of a diplomatic mission or consular post of Russia in the United Kingdom may be carried out.

Safety and soundness of a firm

19.

To enable anything to be done by a person, following consultation by that person (or a person acting on their behalf) with the relevant supervising authority or authorities, that is necessary or expedient in order to promote the safety and soundness of a firm which is supervised by the Bank of England, the Prudential Regulation Authority or the Financial Conduct Authority.

Space

20.

To enable anything to be done for a United Kingdom person to undertake spaceflight activity.”.