Regulation 27 Amendment of the Sudan (Sanctions) (EU Exit) Regulations 2020

(1)

The Sudan (Sanctions) (EU Exit) Regulations 2020^f1 are amended as follows.

(2)

In regulation 41 (“relevant firm”), for “10,000 euros”, in each place it occurs, substitute “£10,000”.

(3)

Omit regulation 56 (trade offences in CEMA: modification of penalty).

(4)

In regulation 65 (notices)—

(a)

after paragraph (3) insert—

“(3A)

The notice may be given to the person by electronic means.”;

(b)

in paragraph (4) omit “, including by electronic means,”.

(5)

In Schedule 2 (Treasury licences: purposes), for paragraph 8 (prior obligations), substitute—

“Prior obligations

8

To enable the satisfaction of an obligation of a designated person (whether arising under a contract, other agreement or otherwise), provided that—

(a)

the obligation arose before the date on which the person became a designated person, and

(b)

no payments are made to another designated person, whether directly or indirectly.”

Annotations

Footnotes

f1: S.I. 2020/753; relevant amending instruments are S.I. 2022/819 and S.I. 2024/1157.