The Ukraine (European Union Financial Sanctions) (No.3) (Amendment) Regulations 2014
| Year | 2014 |
2014No. 2445
CRIMINAL LAW
The Ukraine (European Union Financial Sanctions) (No.3) (Amendment) Regulations 2014
12thSeptember2014
at 11.30 a on 15th Septemberm 2014
at 1.00 p on 15th Septemberm 2014
The Treasury are designated( 1) for the purposes of section 2(2) of the European Communities Act 1972( 2) in relation to restrictive measures against persons or bodies listed by an international organisation.
The Treasury, in exercise of the powers conferred by section 2(2) of the European Communities Act 1972, make the following Regulations.
Citation and commencement
1. These Regulations may be cited as the Ukraine (European Union Financial Sanctions) (No.3) (Amendment) Regulations 2014 and shall come into force at 1.00 p.m. on 15th September 2014.
Amendments to the Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014
2. The Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014( 3) are amended as follows.
3. In the heading to regulation 3 (dealing with transferable securities and money-market instruments), insert at the end "after 1st August 2014 and before 16th September 2014".
4. In regulation 3-
(a) in paragraph (1)-(i) omit "("P")",(ii) for "brokering", substitute "investment services relating to", and(iii) after "1st August 2014", insert "and before 16th September 2014",(b) in paragraph (2)(b), for "owned", substitute "directly or indirectly owned", and(c) at the end of paragraph 2(b) insert "and".5. After regulation 3 insert-
"Dealing with transferable securities and money-market instruments after 15th September 2014
3A.
(1) A person must not directly or indirectly purchase, sell, provide investment services relating to or assistance in the issuance of, or otherwise deal with transferable securities or money-market instruments with a maturity exceeding 30 days, issued after 15th September 2014 by a person, entity or body falling within paragraph (2).(2) The following persons, entities or bodies fall within this paragraph-(a) a major credit institution or other major institution listed in Annex III to the Council Regulation,(b) a legal person, entity or body listed in Annex V to the Council Regulation,(c) a legal person entity or body listed in Annex VI to the Council Regulation,(d) a legal person, entity or body established outside the European Union, more than 50% of the proprietary rights of which are directly or indirectly owned by a legal person, entity or body falling within...To continue reading
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