Regulation 59A Exceptions relating to processing paymentsF1F6

The prohibition in regulation 17A(2) (processing F3... payments) does not apply to the processing of a ... payment for any fee or charge required to permit an aircraft to overfly, land in or take off from Russia.

The prohibition in regulation 17A(2) is not contravened by a transfer (or, if necessary, more than one transfer) of funds by C from account A to account B where—

The prohibition in regulation 17A(2) (processing payments) is not contravened by—

to, from or via a respondent (within the meaning of regulation 17A(1)).

The reference in paragraph (3)(b) to a designated person is to be read as including a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by the designated person.

In paragraph (3)—

• “designated person” has the meaning given in regulation 58A(8);

• “person” is to be construed in accordance with regulation 58A(5);

• “reimbursement payment” has the meaning given in regulation 58A(8);

• “required payment” has the meaning given in regulation 58A(2).