(1) Where -

(a) a person was named in Annex IV of the EU Iraq Regulation immediately before the relevant date, and

(b) the person is a designated person immediately before the relevant date,

any reference in regulation 30(5) (finance: exceptions from prohibitions) to the date on which a person became a designated person is to be read as a reference to the date on which the person was so named.

(2) Where, immediately before the relevant date, a person was named by the Security Council or the Committee for the purposes of paragraph 23(b) of resolution 1483, any reference in regulation 30(5) to the date on which a person became a designated person is to be read as a reference to the date on which the person was so named.

(3) In this regulation -

"designated person" has the same meaning as it has in regulation 6(2);

"the relevant date" means -