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Paragraph 12B F1

In regulation 19A (interpretation of Part 3)—

(a)

in paragraph (1)—

(i)

for the definition of “credit or financial institution” substitute—

  • ““credit or financial institution” means a Territory credit or financial institution or a non-Territory credit or financial institution;”;

(ii)

in the definition of “Government of Russia”, after “regulation 6” insert “(as it has effect in the United Kingdom)”;

(b)

in paragraph (3)—

(i)

in sub-paragraph (a), for “non-UK credit or financial institution” substitute “non-Territory credit or financial institution”;

(ii)

in sub-paragraph (b), for “UK credit or financial institution” substitute “Territory credit or financial institution”.

Annotations

Textual amendments

F1

Sch. 2 paras. 12A, 12B inserted (14.4.2022) by The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2022 (S.I. 2022/453), arts. 1(1), 11