{
  "url": "https://openlegislation.uk/russia-sanctions-overseas-territories-order-2020/schedule-2/paragraph-32",
  "json_url": "https://openlegislation.uk/russia-sanctions-overseas-territories-order-2020/schedule-2/paragraph-32.json",
  "legislation": "uksi/2020/1571",
  "legislation_title": "The Russia (Sanctions) (Overseas Territories) Order 2020",
  "legislation_url": "https://openlegislation.uk/russia-sanctions-overseas-territories-order-2020",
  "path": "schedule/2/paragraph/32",
  "kind": "paragraph",
  "number": "32",
  "heading": null,
  "text": "In regulation 58 (asset-freeze etc.: exceptions from prohibitions)—\n(a) omit paragraph (6);\n(b) in paragraph (7), for the definition of “relevant institution” substitute—\n““relevant institution”, in relation to the Territory, means a person domiciled in the Territory which would satisfy the threshold conditions for permission under Part 4A of the Financial Services and Markets Act 2000 (permission to carry on regulated activity) if it had its registered office (or if it does not have one, its head office) in the United Kingdom.”;\n(c) omit paragraph (8).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "2000 c.8. Part 4A was inserted by the Financial Services Act 2012 (c.21), section 11(2) and most recently amended by S.I. 2018/1149; it is prospectively amended by S.I. 2019/632."
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 32 comes into force in accordance with art. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2020/1571/schedule/2/paragraph/32",
    "retrieved_at": "2026-10-28T22:19:52.991248+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."
}