PART 10 U.K.Supplementary and final provision

Transitional provisions: prior obligationsU.K.

72.—(1) Where—

(a)a person was named in Annex II of the EU South Sudan 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 original listing date.

(2) Where, immediately before the relevant date, a person was named by the Security Council or the Committee for the purposes of paragraph 12 of resolution 2206, 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 paragraphs (1) and (2) are—

(a)regulation 31(5) (finance: exceptions from prohibitions), and

(b)paragraphs 6(b)(i) and 7(a) of Schedule 2 (Treasury licences: purposes).

(4) In this regulation—

“designated person” has the same meaning as it has in Part 3 (Finance);

“original listing date” means—

(a)

where the person was named in Annex I of Council Regulation (EU) No 748/2014 of 10 July 2014 concerning restrictive measures in respect of the situation in South Sudan immediately before the repeal of that Regulation, the date on which that person was named in Annex I of that Regulation;

(b)

otherwise, the date on which the person was named in Annex II of the EU South Sudan Regulation.

“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.

Commencement Information