# The Venezuela (Sanctions) (EU Exit) Regulations 2019, Regulation 74: Transitional Provisions: prior obligations


(1) Where—
(a) a person was named in Annex Ⅳ or Ⅴ of the EU Venezuela Regulation immediately before the relevant date, and
(b) the person is a designated person immediately before the relevant date,
any reference in a provision mentioned in paragraph (2) to the date on which a person became a designated person is a reference to the date on which the person was named in one of those Annexes.
(2) The provisions referred to in paragraph (1) are—
(a) regulation 33(5) (finance: exceptions from prohibitions), and
(b) paragraph 9(a) of Schedule 4 (Treasury licences: purposes).
(3) In this regulation—
“designated person” has the same meaning as it has in Part 3 (Finance);
“the relevant date” means—
(a)where regulations under section 56 of the Act provide that Part 3 comes into force at a specified time on a day, that time on that day;
(b)otherwise, the date on which Part 3 comes into force.

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Source: https://www.legislation.gov.uk/uksi/2019/135/regulation/74 (the official version)
Page: https://openlegislation.uk/venezuela-sanctions-eu-exit-regulations-2019/regulation-74
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.