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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
  Version 8 of 8    

Regulation 18 Investment and commercial activities

Revoked from 31 December 2020

(1) A person must not accept or approve investment in a commercial activity where such investment is made by a person, entity or body listed in paragraph (6).

(2) A person must not grant financing or financial assistance to any person, entity or body listed in paragraph (6)(d) to (f).

(3) A person must not establish, maintain or operate a joint venture or a co-operative entity with a person, entity or body -

(i) listed in paragraph (6); or

(ii) domiciled in the Democratic People's Republic of Korea;

(3A) A person is required to close any joint ventures or cooperative entities with a person, entity or body listed in paragraph (6) -

(a) by 9th January 2018; or

(b) within 120 days from the date on which the Sanctions Committee has denied a request for approval, to continue the joint venture or cooperative entity;

whichever is the later.

(4) A person must not take, acquire, maintain or extend any ownership interest in a person, entity or body -

(i) listed in paragraph (6); or

(ii) dom

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