# The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2024, Article 13: Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020


In paragraph 78 (modification of Schedule 5)—
(a) after sub-paragraph (e) insert—
“(ea) in paragraph 9DA (interpretation of Part 1ZA)—
(i) for the definition of “non-UK country” substitute—
““non-Territory country” means a country that is not the Territory;”;
(ii) for the definition of “non-UK credit or financial institution” substitute—
““non-Territory credit or financial institution” has the same meaning as in regulation 17A;”;
(iii) for the definition of “UK entity” substitute—
““Territory entity” means a person, other than an individual, incorporated or constituted under the law of the Territory”;
(eb) in paragraph 9DB (divestment)—
(i) in sub-paragraphs (1), (2), (3) and (4)(a), for “UK entity”, in each place it occurs, substitute “Territory entity”;
(ii) in sub-paragraph (4)(b)(ii)—
(aa) for “non-UK credit or financial institution” substitute “non-Territory credit or financial institution”;
(bb) for “non-UK country” substitute “non-Territory country”;
(iii) in sub-paragraph (4)(c), for “non-UK country” substitute “non-Territory country”;
(ec) in paragraph 9DC (enabling others to divest themselves of funds or economic resources)—
(i) in sub-paragraphs (1) and (3), for “UK entity”, in each place it occurs, substitute “Territory entity”;
(ii) in sub-paragraph (4)(b)(ii)—
(aa) for “non-UK credit or financial institution” substitute “non-Territory credit or financial institution”;
(bb) for “non-UK country” substitute “non-Territory country”;
(iii) in sub-paragraph (4)(c), for “non-UK country” substitute “non-Territory country”;”;
(b) after sub-paragraph (k) insert—
“(ka) in paragraph 9TA (other licensing purposes), for “Treasury” substitute “Governor”;”.

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Source: https://www.legislation.gov.uk/uksi/2024/370/article/13 (the official version)
Page: https://openlegislation.uk/russia-sanctions-overseas-territories-amendment-order-2024/article-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.