The Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 2013 [S.I. 2013/1877, as amended by S.I. 2016/578 and S.I. 2016/634.] are amended as follows -
(a) in regulation 9(1) (licences), for “10(3) ” substitute “10(1)(b) to (d) ”;
(b) in regulation 13(4)(c) (sale or purchase of bonds), for “a credit or financial institution domiciled in the Democratic People’s Republic of Korea or any credit or financial institution” substitute “a person”;
(c) in regulation 13A (DPRK credit and financial institutions: branches, subsidiaries, and representative offices), after “open” insert “, operate or facilitate the operation of”;
(d) in regulation 13D (financial support for trade) -
(i) in paragraph (1), after “trade” insert “with the Democratic People’s Republic of Korea”; and
(ii) in paragraph (3)(a), for “[date]” substitute “29th May 2016”.