(1) The Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 [S.I. 2019/411, amended by S.I. 2019/843 and S.I. 2020/591.] are amended as follows.

(2) In regulation 26 -

(a) in paragraph (2) for "1(a) to (f)" substitute "1(a), (b) or (d) to (f)";

(b) in paragraph (4) -

(i) after "acquire" insert ", maintain";

(ii) in sub-paragraph (a) for "1(a) to (f)" substitute "1(a), (b) or (d) to (f)";

(iii) in sub-paragraph (b), after "person" insert ", other than an individual, which is".

(3) After regulation 86 insert -

"86A. Exception for authorised conduct in a relevant country

(1) Where a person’s conduct in a relevant country would, in the absence of this regulation, contravene a relevant prohibition or relevant requirement, the relevant prohibition or relevant requirement is not contravened if the conduct is authorised by a licence, direction or other authorisation which is issued -

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

(b) for the purpose of -