PART 12Supplementary and final provision
Transitional provision: trade licencesI199
1
Paragraphs (2) to (4) apply to a licence granted by the Secretary of State which—
a
was issued by the Secretary of State under regulation 36 of the 2019 Regulations,
b
was in effect immediately before the relevant date, and
c
authorises an act which would (on and after the relevant date, and in the absence of paragraphs (2) to (4)) be prohibited under Part 6 (Trade),
and such a licence is referred to in this regulation as “an existing trade sanctions licence”.
2
An existing trade sanctions licence has effect on and after the relevant date as if it were a licence which had been issued by the Secretary of State under regulation 62 (trade licences).
3
Any reference in an existing trade sanctions licence to the 2019 Regulations is to be treated on and after the relevant date as a reference to these Regulations.
4
Any reference in an existing trade sanctions licence to a prohibition in the 2019 Regulations is to be treated on and after the relevant date as a reference to the corresponding prohibition in Part 6 (Trade).
5
Paragraph (6) applies where—
a
an application for a licence, or for the variation of a licence, under the 2019 Regulations was made before the relevant date,
b
the application is for the authorisation of conduct which would (on and after the relevant date) be prohibited under Part 6, and
c
a decision to grant or refuse the application has not been made before that date.
6
The application is to be treated on and after the relevant date as an application for a licence, or for the variation of a licence (as the case may be), under regulation 62.