# The Somalia (Sanctions) (Overseas Territories) Order 2020, Paragraph 28

Extent: E+W+S+N.I.

For regulation 47 (Treasury licences), substitute—
“Financial sanctions licences
47. (1) The prohibitions in regulations 12 to 16 (asset-freeze etc.) do not apply to anything done under the authority of a licence issued by the Governor under this paragraph.
(2) The Governor may issue a financial sanctions licence only with the consent of the Secretary of State.
(3) The Governor may issue a financial sanctions licence which authorises acts by a particular person in relation to a non-UN designated person only where the Governor considers that it is appropriate to issue the licence for a purpose set out in Schedule 3.
(4) The Governor may issue a financial sanctions licence which authorises acts in relation to a UN designated person only where the Governor considers that it is appropriate to issue the licence for a purpose set out in Part 2 of Schedule 3.
(5) In this regulation “UN designated person” means—
(a) a person who is a designated person for the purposes of regulations 12 to 16 by reason of regulation 10(1) (designation of persons named by or under UN Security Council resolutions), or
(b) a person who is designated under regulation 5(1)(a) (power to designate persons) (as it has effect in the United Kingdom) for the purposes of regulations 12 to 16 (as they have effect in the United Kingdom) and whose designation is (in the opinion of the Secretary of State) required by a provision mentioned in regulation 4(3) (purposes).”

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Source: https://www.legislation.gov.uk/uksi/2020/1285/schedule/2/paragraph/28 (the official version)
Page: https://openlegislation.uk/somalia-sanctions-overseas-territories-order-2020/schedule-2/paragraph-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.