(1) The Bosnia and Herzegovina (Sanctions) (EU Exit) Regulations 2020 [S.I. 2020/608.] are amended as follows.

(2) After regulation 18 insert -

"Finance: exception for authorised conduct in a relevant country

18A.

(1) Where a person’s conduct in a relevant country would, in the absence of this regulation, contravene a prohibition in any of regulations 11 to 15 (asset-freeze etc.) ("the relevant prohibition"), the relevant prohibition is not contravened if the conduct is authorised by a licence or other authorisation which is issued -

(a) under the law of the relevant country, and

(b) for the purpose of disapplying a prohibition in that jurisdiction which corresponds to the relevant prohibition.

(2) In this regulation -

"relevant country" means -

(a) any of the Channel Islands,

(b) the Isle of Man, or

(c) any British overseas territory."