Paragraph 75 I1

in the heading, for “Treasury licences” substitute “financial sanctions licences”;

for “IP completion day”, in each place it occurs, substitute “the relevant date”;

in paragraph (1)(a), for “, or deemed to be granted, by the Treasury under regulation 10 of the 2012 Regulations” substitute “by the Governor under article 33 of the 2012 Order”;

in paragraph (2), for “Treasury under regulation 61(1) (Treasury licences)” substitute “Governor under regulation 61(1) (financial sanctions licences)”;

in paragraph (3), for “2012 Regulations” substitute “2012 Order”;

in paragraph (4), before sub-paragraph (a), insert—

“(za)

the 2012 Order,”;

in paragraph (5)(a), for “2012 Regulations” substitute “2012 Order”;

in paragraph (6), for “(Treasury licences)” substitute “(financial sanctions licences)”;

for paragraph (7) substitute—

“(7)

In this regulation—

• “the 2012 Order” means the Syria (Restrictive Measures) (Overseas Territories) Order 2012^f1;

• “the 2012 Regulations” means the Syria (European Union Financial Sanctions) Regulations 2012^f2;

• “the relevant date” means the date on which Part 3 comes into force.”;

in paragraph (8), for “paragraphs (3) and (4)” substitute “paragraph (4)”.