{
  "url": "https://openlegislation.uk/syria-sanctions-eu-exit-regulations-2019/regulation-23",
  "json_url": "https://openlegislation.uk/syria-sanctions-eu-exit-regulations-2019/regulation-23.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/23",
  "kind": "regulation",
  "number": "23",
  "heading": "Interpretation of Part 3",
  "text": "(1) In this Part—\n“branch” means—\n(a)...\n(b)in relation to a credit or financial institution domiciled in Syria, a place of business which forms a legally dependent part of that institution and which carries out all or some of the transactions inherent in the business of that institution;\n“credit or financial institution domiciled in Syria” means a person, other than an individual, who—\n(a)in the case of an undertaking domiciled in Syria, by way of business—\n(i)operates a currency exchange office,\n(ii)transmits money (or any representation of monetary value) by any means, or\n(iii)cashes cheques that are made payable to customers, and\n(b)in the case of any other person domiciled in Syria, would satisfy the threshold conditions for permission under Part 4A of the Financial Services and Markets Act 2000 if it had its registered office (or if it does not have one, its head office) in the United Kingdom;\n“subsidiary” has the meaning given by section 1159 of the Companies Act 2006 ;\n...\n(2) In paragraph (1), the definitions of—\n(a) “credit or financial institution domiciled in Syria”, ...\n(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\nis to be read with section 22 of the Financial Services and Markets Act 2000 , any relevant order under that section and Schedule 2 to that Act .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 23(1) omitted (25.4.2025) by virtue of The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 9(a)(i)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 23(1) omitted (25.4.2025) by virtue of The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 9(a)(ii)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Reg. 23(2)(b) and word omitted (25.4.2025) by virtue of The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 9(b)(i)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 23(2) substituted (25.4.2025) by The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 9(b)(ii)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "2000 c.8. Part 4A was inserted by the Financial Services Act 2012 (c.21), section 11(2) and amended by S.I. 2018/135."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "2006 c.46."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "Section 22 was amended by the Financial Guidance and Claims Act 2018 (c.10), section 27(4); the Financial Services Act 2012, section 7(1); S.I. 2017/500 and S.I. 2018/135."
    },
    {
      "type": "M",
      "label": "M4",
      "text": "S.I. 2001/544 as most recently amended by S.I. 2018/1288 and prospectively amended by S.I. 2018/1403."
    },
    {
      "type": "M",
      "label": "M5",
      "text": "Schedule 2 was amended by the Regulation of Financial Services (Land Transactions) Act 2005 (c.24), section 1; the Dormant Bank and Building Society Accounts Act 2008 (c.31), section 15 and Schedule 2, paragraph 1; the Financial Services Act 2012, sections 7(2) to (5) and 8; and S.I. 2013/1881; and it is prospectively amended by S.I. 2018/135."
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 23 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/23",
    "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."
}