{
  "url": "https://openlegislation.uk/syria-sanctions-eu-exit-regulations-2019/regulation-19",
  "json_url": "https://openlegislation.uk/syria-sanctions-eu-exit-regulations-2019/regulation-19.json",
  "legislation": "uksi/2019/792",
  "legislation_title": "The Syria (Sanctions) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/syria-sanctions-eu-exit-regulations-2019",
  "path": "regulation/19",
  "kind": "regulation",
  "number": "19",
  "heading": "Sale or purchase of bonds",
  "text": "(1) A person (“P”) must not directly or indirectly—\n(a) sell to a person falling within paragraph (4), or\n(b) purchase from such a person,\nAssad regime bonds or bonds guaranteed by the Assad regime and issued between 19th January 2012 and 8th December 2024 if P knows, or has reasonable cause to suspect, that the sale or purchase of such bonds is directly or indirectly to or from such a person.\n(2) A person (“P”) must not provide brokering services to a person falling within paragraph (4) in respect of Assad regime bonds or bonds guaranteed by the Assad regime and issued between 19th January 2012 and 8th December 2024, if P knows, or has reasonable cause to suspect, that the person falls within paragraph (4).\n(3) A person (“P”) must not provide—\n(a) brokering services,\n(b) advertising services, or\n(c) any other service,\nif P knows, or has reasonable cause to suspect, that the provision of the service assists a person falling within paragraph (4) to sell or purchase Assad regime bonds or bonds guaranteed by the Assad regime.\n(4) The following persons fall within this paragraph—\n(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(b) a Syrian credit or financial institution\n(c) a person acting on behalf of or at the direction of a person falling within sub-paragraph ... (b);\n(d) a person, other than an individual, which is owned or controlled directly or indirectly (within the meaning of regulation 7) by a person falling within sub-paragraph ... (b) or (c).\n(5) Paragraphs (1) to (3) are subject to regulation 60 (exception for acts done for purposes of national security or prevention of serious crime).\n(6) A person who contravenes a prohibition in paragraph (1) to (3) commits an offence.\n(7) For the purposes of this regulation, “Assad regime bonds” means bonds issued by the Assad regime.\n(8) For the purposes of this regulation, “Syrian credit or financial institution” means—\n(a) a credit or financial institution domiciled in Syria; or\n(b) a branch or subsidiary, wherever located, of a credit or financial institution domiciled in Syria.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 19(1) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(a)(i)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 19(1) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(a)(ii)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 19(2) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(b)(i)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 19(2) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(b)(ii)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in reg. 19(2) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(b)(iii)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in reg. 19(3) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(c)(i)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in reg. 19(3) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(c)(ii)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Reg. 19(4)(a) omitted (25.4.2025) by virtue of The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(d)(i)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Reg. 19(4)(b) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(d)(ii)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in reg. 19(4)(c) omitted (25.4.2025) by virtue of The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(d)(iii)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Word in reg. 19(4)(d) omitted (25.4.2025) by virtue of The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(d)(iv)"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Words in reg. 19(7) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(e)(i)"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Words in reg. 19(7) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(e)(ii)"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Reg. 19(8) inserted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 7(f)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 19 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/792/regulation/19",
    "retrieved_at": "2026-10-28T22:42:00.541031+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}