After regulation 7 of the 2013 Regulations (making economic resources available for the benefit of a designated person), insert -
(1) The Treasury may direct that the provisions of regulations 4 to 7 apply in relation to a person as if that person were a designated person.
(2) The Treasury may only make a direction under paragraph (1) -
(a) in respect of a person within a category listed in paragraph (3); and
(b) when the conditions in paragraph (4) are satisfied.
(3) Categories of persons in respect of whom a direction may be made are -
(a) a person associated with the Government of the Democratic People’s Republic of Korea;
(b) a person associated with the Worker’s Party of Korea;
(c) a person acting on behalf or at the direction of any person within the categories listed in sub-paragraph (a) or (b); or
(d) a person owned or controlled by any person listed