Regulation 31 Amendment of the Unauthorised Drilling Activities in the Eastern Mediterranean (Sanctions) (EU Exit) Regulations 2020
The Unauthorised Drilling Activities in the Eastern Mediterranean (Sanctions) (EU Exit) Regulations 2020f1 are amended as follows.
In regulation 25 (“relevant firm”), for “10,000 euros”, in each place it occurs, substitute “£10,000”.
In regulation 37 (notices)—
after paragraph (3) insert—
“(3A)The notice may be given to the person by electronic means.”;
in paragraph (4) omit “, including by electronic means,”.
In Schedule 2 (Treasury licences: purposes)—
in paragraph 1 (interpretation), in sub-paragraph (1), in the definition of “frozen funds or economic resources”, omit the words from “, and” to the end;
for paragraph 10 (prior obligations), substitute—
“Prior obligations
10To 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
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S.I. 2020/1474; relevant amending instruments are S.I. 2022/818, S.I. 2024/643 and S.I. 2024/1157.