(1) For the purposes of section 1(5)(a) regulations "impose financial sanctions" if they impose prohibitions or requirements for one or more of the following purposes -

(a) freezing funds or economic resources owned, held or controlled by designated persons (see section 9);

(b) preventing financial services from being provided to, or for the benefit of -

(i) designated persons,

(ii) persons connected with a prescribed country, or

(iii) a prescribed description of persons connected with a prescribed country;

(c) preventing financial services from being procured from, or for the benefit of -

(i) designated persons,

(ii) persons connected with a prescribed country, or