{
  "url": "https://openlegislation.uk/russia-sanctions-eu-exit-regulations-2019/schedule-5/paragraph-9DC",
  "json_url": "https://openlegislation.uk/russia-sanctions-eu-exit-regulations-2019/schedule-5/paragraph-9DC.json",
  "legislation": "uksi/2019/855",
  "legislation_title": "The Russia (Sanctions) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/russia-sanctions-eu-exit-regulations-2019",
  "path": "schedule/5/paragraph/9DC",
  "kind": "paragraph",
  "number": "9DC",
  "heading": "Enabling others to divest themselves of funds or economic resources",
  "text": "(1) To enable anything to be done by a UK entity in order to enable another person (“B”) to undertake a relevant transfer.\n(2) In sub-paragraph (1), a “relevant transfer” means a transfer of funds or economic resources located in Russia and owned, held or controlled by B, to a person concerned, in order to enable B to divest itself, either wholly or partially, of those funds or economic resources.\n(3) Where sub-paragraph (4) applies, to enable anything to be done by a UK entity in order to enable B to acquire from a person concerned an interest in B held by the person concerned.\n(4) This sub-paragraph applies where—\n(a) the sole consideration for that acquisition is a transfer of funds from B to the person concerned;\n(b) such funds are credited to—\n(i) a frozen account held by a relevant institution; or\n(ii) an account held by a non-UK credit or financial institution in a non-UK country; and\n(c) where paragraph (b)(ii) applies, the law of that non-UK country—\n(i) contains relevant and appropriate—\n(aa) prohibitions corresponding to those in Part 3 of these Regulations; and\n(bb) exceptions corresponding to those in Part 7 of these Regulations; and\n(ii) where relevant or appropriate, allows for licences to be granted on grounds corresponding to those in this Schedule.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 5 paras. 9A-9T and related Pt. headings inserted (1.3.2022) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2022 (S.I. 2022/194), regs. 1(2), 14(e)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 5 Pt. 1ZA inserted (15.12.2023) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2023 (S.I. 2023/1364), regs. 1(3), 22(22)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/855/schedule/5/paragraph/9DC",
    "retrieved_at": "2026-10-28T22:41:25.449074+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}