Explanatory note

This Order amends the various Orders mentioned in article 2 (“the Principal Orders”).

Each of the Principal Orders extend with modifications a sanctions regime (a “UK Sanctions Regime”), contained in regulations under the Sanctions and Anti-Money Laundering Act 2018 (c. 13), as amended from time to time to all British overseas territories except Bermuda and Gibraltar (which implement sanctions under their own legislative arrangements).

Each of the UK Sanctions Regimes has been recently amended by the Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024 (S.I. 2024/1157). This Order makes the necessary amendments to the Principal Orders to give effect in the relevant British overseas territories to the changes made to the UK Sanctions Regimes by S.I. 2024/1157.

This Order makes further minor amendments to the Principal Orders.

An Impact Assessment has not been prepared for this Order. The territorial extent of this Order and of each of the Principal Orders is the British overseas territories listed in Schedule 1 to this Order and no, or no significant, impact is foreseen on the private, voluntary or public sector in the United Kingdom.