Regulation 19 Sale or purchase of bondsI1

A person (“P”) must not directly or indirectly—

F1Assad regime bonds or bonds guaranteed by the F2Assad 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.

A person (“P”) must not provide brokering services to a person falling within paragraph (4) in respect of F3Assad regime bonds or bonds guaranteed by the F4Assad regime and issued F5between 19th January 2012 and 8th December 2024, if P knows, or has reasonable cause to suspect, that the person falls within paragraph (4).

A person (“P”) must not provide—

if P knows, or has reasonable cause to suspect, that the provision of the service assists a person falling within paragraph (4) to F6sell or purchase Assad regime bonds or bonds guaranteed by the F7Assad regime.

The following persons fall within this paragraph—

Paragraphs (1) to (3) are subject to regulation 60 (exception for acts done for purposes of national security or prevention of serious crime).

A person who contravenes a prohibition in paragraph (1) to (3) commits an offence.

For the purposes of this regulation, F12“Assad regime bonds” means bonds issued by the F13Assad regime.

For the purposes of this regulation, “Syrian credit or financial institution” means—