Regulation 3 Application of prohibitions and requirements outside the United KingdomI1

(1)

A United Kingdom person may contravene a relevant prohibition by conduct wholly or partly outside the United Kingdom.

(2)

Any person may contravene a relevant prohibition by conduct in the territorial sea.

(3)

F1In this regulation a “relevant prohibition” means any prohibition imposed—

(a)

by regulation 9(2) (confidential information),

(b)

by Part 3 (Finance),

(c)

by Part 5 (Trade), or

(d)

by a condition of a Treasury licence or a trade licence.

(4)

A United Kingdom person may comply, or fail to comply, with a relevant requirement by conduct wholly or partly outside the United Kingdom.

(5)

Any person may comply, or fail to comply, with a relevant requirement by conduct in the territorial sea.

(6)

F2In this regulation a “relevant requirement” means any requirement imposed—

(a)

by or under Part 7 (Information and records), or by reason of a request made under a power conferred by that Part, or

(b)

by a condition of a Treasury licence or a trade licence.

(7)

Nothing in this regulation is to be taken to prevent a relevant prohibition or a relevant requirement from applying to conduct (by any person) in the United Kingdom.

Annotations

Textual amendments

F1: Words in reg. 3(3) substituted (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2020 (S.I. 2020/590), regs. 1(2), 3(2)(a); S.I. 2020/1514, reg. 4
F2: Words in reg. 3(6) substituted (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2020 (S.I. 2020/590), regs. 1(2), 3(2)(b); S.I. 2020/1514, reg. 4

Commencement

I1: Reg. 3 in force at 31.12.2020 on IP completion day by S.I. 2019/627, reg. 3(2); 2020 c. 1, Sch. 5 para. 1(1)