Regulation 4 Amendment of regulation 16 (dealing with transferable securities or money-market instruments)

after paragraph (4F), insert—

“(4G)

A person (“P”) must not, directly or indirectly, deal with a transferable security or money-market instrument falling within paragraph (4H) if P knows, or has reasonable cause to suspect, that P is dealing with such a transferable security or money-market instrument.

(4H)

A transferable security or money-market instrument falls within this paragraph if it is issued—

(a)

on or after 16th December 2022,

(b)

by a person, other than an individual, which is not a person connected with Russia, and

(c)

for the purposes of an activity mentioned in regulation 18B(2).”;

in paragraph (5), for “and (4E)” substitute “, (4E) and (4G)”;

in paragraph (6), for “and (4E)” substitute “, (4E) or (4G)”.