Regulation 9 Amendment of the Syria (Sanctions) (EU Exit) Regulations 2019I1I2

The Syria (Sanctions) (EU Exit) Regulations 2019 M1 are amended as follows.

After regulation 59, insert—

“Exception for authorised conduct in a relevant country

59A

(1)

Where a person's conduct in a relevant country would, in the absence of this regulation, contravene a relevant prohibition, the relevant prohibition is not contravened if the conduct is authorised by a licence or other authorisation which is issued—

(a)

under the law of the relevant country, and

(b)

for the purpose of disapplying a prohibition in that jurisdiction which corresponds to the relevant prohibition.

(2)

In this regulation—

• “relevant country” means—

  1. (a)

     any of the Channel Islands,

  2. (b)

     the Isle of Man, or

  3. (c)

     any British overseas territory;

• “relevant prohibition” means a prohibition in—

  1. (a)

     any of regulations 11 to 15 (asset-freeze etc.),

  2. (b)

     regulation 16 (UK credit or financial institutions),

  3. (c)

     regulation 21 (investments in relation to crude oil and electricity production),

  4. (d)

     Chapters 2 to 5 of Part 5 (Trade), or

  5. (e)

     regulation 51(1) (movement of aircraft).”