# The Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022, Regulation 16: Amendment of regulation 64 (Treasury licences)


In regulation 64—
(a) in paragraph (1), after “18B (investments in relation to Russia)”, insert “, 18C (trust services)”;
(b) in paragraph (1A)—
(i) in the opening words, for “18B” substitute “18C”;
(ii) in sub-paragraph (b), for “or regulation 17A” substitute “regulation 17A or regulation 18C”;
(c) in paragraph (2), after sub-paragraph (d)—
(i) omit “and”;
(ii) insert—
“(da) in the case of acts which would otherwise be prohibited by regulation 18C (trust services), where the Treasury consider that it is appropriate to issue the licence for a purpose set out in Part 3A of Schedule 5, and”.

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Source: https://www.legislation.gov.uk/uksi/2022/1331/regulation/16 (the official version)
Page: https://openlegislation.uk/russia-sanctions-eu-exit-amendment-no-17-regulations-2022/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.