# The Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022, Regulation 4: Amendment of regulation 16 (dealing with transferable securities or money-market instruments)


In regulation 16—
(a) 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).”;
(b) in paragraph (5), for “and (4E)” substitute “, (4E) and (4G)”;
(c) in paragraph (6), for “and (4E)” substitute “, (4E) or (4G)”.

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Source: https://www.legislation.gov.uk/uksi/2022/1331/regulation/4 (the official version)
Page: https://openlegislation.uk/russia-sanctions-eu-exit-amendment-no-17-regulations-2022/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.