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Article 7 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020

Original text. Later amendments are not shown.

In paragraph 44 (regulation 71: “relevant firm”), in the substituted text—

(a)

for sub-paragraph (1)(c)(v) substitute—

“(v)

company services, or

(vi)

trust services;”

(b)

in paragraph (2), omit the definition of “trust or company services” and at the appropriate places insert—

  • ““company services” means any of the following services—

    1. (a)

      forming companies or other legal persons;

    2. (b)

      acting, or arranging for another person to act—

      1. (i)

        as a director or secretary of a company,

      2. (ii)

        as a partner of a partnership, or

      3. (iii)

        in a similar capacity in relation to other legal persons;

    3. (c)

      providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

    4. (d)

      acting, or arranging for another person to act, as a nominee shareholder for a person;”;

  • ““trust services” has the meaning given in regulation 18C(7) (trust services).”