# The Yemen (Sanctions) (EU Exit) (No. 2) Regulations 2020, Regulation 71: Transitional provision: prior obligations

Extent: E+W+S+N.I.

(1) Where—
(a) a person was named in Annex I of the EU Yemen 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 (3) to the date on which a person became a designated person is a reference to the date on which the person was so named.
(2) Where, immediately before the relevant date, a person was named by the Security Council or the Committee for the purposes of paragraph 11 of resolution 2140, any reference in a provision mentioned in paragraph (3) to the date on which a person became a designated person is to be read as a reference to the date on which the person was so named.
(3) The provisions referred to in paragraph (1) and (2) are—
(a) regulation 30(5) (finance: exceptions from prohibitions), ...
(ba) regulation 30ZB (finance: exceptions relating to payment of Treasury debt), and
(b) paragraphs 8(a), 8A(b)(i) and 9(a) of Schedule 2 (Treasury licences: purposes).
(4) 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/2020/1278/regulation/71 (the official version)
Page: https://openlegislation.uk/yemen-sanctions-eu-exit-no-2-regulations-2020/regulation-71
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.