# The Russia (Sanctions) (EU Exit) (Amendment) (No. 13) Regulations 2022, Regulation 5


In regulation 57I (interpretation of Part 6), for paragraph (1)(a) substitute—
“(a) “owned” by a person if—
(i) the legal title to the ship, or to any share in the ship, is vested in the person, or in a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by that person, or
(ii) the person, or a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by that person, has a beneficial interest in the ship or in any share in the ship; and”.

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Source: https://www.legislation.gov.uk/uksi/2022/814/regulation/5 (the official version)
Page: https://openlegislation.uk/russia-sanctions-eu-exit-amendment-no-13-regulations-2022/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.