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Paragraph 33 I1F1

United Kingdom

In regulation 59 (exceptions relating to loans and credit arrangements)—

(a)

in paragraph (1)(c)—

(i)

after paragraph (i) insert—

“(ia)

in the case of a category 2 loan, 14th April 2022;”;

(ii)

in paragraph (ii), omit “a category 2 loan,”;

(b)

in paragraph (2)(a)(i)—

(i)

after sub-paragraph (aa) insert—

“(aaa)

in the case of a category 2 loan, 14th April 2022;”;

(ii)

in sub-paragraph (bb), omit “a category 2 loan,”;

(c)

in paragraph (3), in the definition of “relevant subsidiary”, for “United Kingdom” substitute “Territory”.

Annotations

Textual amendments

F1

Sch. 2 para. 33 substituted (14.4.2022) by The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2022 (S.I. 2022/453), arts. 1(1), 27

Commencement

I1

Sch. 2 para. 33 comes into force in accordance with art. 1(1)