SCHEDULES
SCHEDULE 6Treasury licences: purposes
PART 3Financial sanctions in Chapter 2 of Part 3 (investment, financial services and financial markets)
Assisting the civilian population in SyriaI117
1
Subject to sub-paragraph (2), to enable anything to be done, for the purpose of providing assistance to the civilian population in Syria, by any activity that would otherwise be prohibited under by any of the following—
a
regulation 16(1)(a) (opening bank accounts with a Syrian credit or financial institution);
b
regulation 16(3) (opening representative offices or establishing branches or subsidiaries of a UK credit or financial institution in Syria);
c
regulation 21 (investments in relation to crude oil and electricity production).
2
Sub-paragraph (1) does not apply where—
a
the act directly or indirectly benefits a designated person, or
b
the act is prohibited under Part 5 (Trade).