OpenLegislation

Regulation 8 Insertion of Chapter 4IB in Part 5

Original text. Later amendments are not shown.

After regulation 46Z9D insert—

“Chapter 4IB

Relevant processed oil products

Interpretation

46Z9E.
(1)

In this Chapter—

  • “2709 oil and oil products” means those oil and oil products which—

    1. (a)

      fall within commodity code 2709, and

    2. (b)

      originate in Russia;

  • “relevant processed oil products” means oil and oil products which—

    1. (a)

      fall within commodity code 2710, and

    2. (b)

      have been processed in a third country from 2709 oil and oil products;

  • “third country” means a country that is not the United Kingdom, the Isle of Man or Russia.

(2)

Paragraph 1 of Schedule 3 applies for the purposes of interpreting the definitions of 2709 oil and oil products and relevant processed oil products in paragraph (1).

Import of relevant processed oil products

46Z9F.
(1)

The import of relevant processed oil products is prohibited.

(2)

Paragraph (1) is subject to Part 7 (Exceptions and licences).

Technical assistance relating to relevant processed oil products

46Z9G.
(1)

A person must not directly or indirectly provide technical assistance relating to the import of relevant processed oil products.

(2)

Paragraph (1) is subject to Part 7 (Exceptions and licences).

(3)

A person who contravenes a prohibition in paragraph (1) commits an offence, but it is a defence for a person charged with that offence to show that the person did not know and had no reasonable cause to suspect that the technical assistance related to an import described in that paragraph.

Financial services and funds relating to relevant processed oil products

46Z9H.
(1)

A person must not directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is the import of relevant processed oil products.

(2)

Paragraph (1) is subject to Part 7 (Exceptions and licences).

(3)

A person who contravenes a prohibition in paragraph (1) commits an offence, but it is a defence for a person charged with that offence to show that the person did not know and had no reasonable cause to suspect that the financial services or funds (as the case may be) were provided in pursuance of or in connection with an arrangement mentioned in that paragraph.

Brokering services relating to relevant processed oil products

46Z9I.
(1)

A person must not directly or indirectly provide brokering services in relation to any arrangements described in regulation 46Z9H(1).

(2)

Paragraph (1) is subject to Part 7 (Exceptions and licences).

(3)

A person who contravenes a prohibition in paragraph (1) commits an offence, but it is a defence for a person charged with that offence to show that the person did not know and had no reasonable cause to suspect that the brokering services were provided in relation to an arrangement mentioned in that paragraph.”.