Version status: In force | Document consolidation status: Updated to reflect all known changes

Published date: 7 December 2020

Unauthorised Drilling Activities in the Eastern Mediterranean (Sanctions) (EU Exit) Regulations 2020 [SI 2020 No. 1474]

	Introductory Text
	Part 1 General (regs. 1-4)
	Regulation 1 Citation and commencement
	Regulation 2 Interpretation
	Regulation 3 Application of prohibitions and requirements outside the United Kingdom
	Regulation 4 Purpose
	Part 2 Designation of persons (regs. 5-9)
	Regulation 5 Power to designate persons
	Regulation 6 Designation criteria
	Regulation 7 Meaning of "owned or controlled directly or indirectly"
	Regulation 8 Notification and publicity where designation power used
	Regulation 9 Confidential information in certain cases where designation power used
	Part 3 Finance (regs. 10-16)
	Regulation 10 Meaning of "designated person" in Part 3
	Regulation 11 Asset-freeze in relation to designated persons
	Regulation 12 Making funds available to designated persons
	Regulation 13 Making funds available for benefit of designated persons
	Regulation 14 Making economic resources available to designated persons
	Regulation 15 Making economic resources available for benefit of designated persons
	Regulation 16 Circumventing etc. prohibitions
	Part 3A Director disqualification sanctions (reg. 16A)
	Regulation 16A Director disqualification sanctions
	Part 4 Immigration (reg. 17)
	Regulation 17 Immigration
	Part 5 Exceptions and licences (regs. 18-23)
	Regulation 18 Finance: exceptions from prohibitions
	Regulation 19 Finance: exception for authorised conduct in a relevant country
	Regulation 19A Finance: exception from prohibitions for required payments
	Regulation 20 Exception for acts done for purposes of national security or prevention of serious crime
	Regulation 21 Treasury licences
	Regulation 21A Director disqualification licences
	Regulation 21B Licences: general provisions
	Regulation 22 Finance: licensing offences
	Regulation 22A Director disqualification: licensing offences
	Regulation 23 Section 8B(1) to (3) of the Immigration Act 1971: directions
	Part 6 Information and records (regs. 24-30)
	Regulation 24 Finance: reporting obligations
	Regulation 24A Finance: reporting obligations for required payments
	Regulation 25 "Relevant firm"
	Regulation 26 Finance: powers to request information
	Regulation 27 Finance: production of documents
	Regulation 28 Finance: information offences
	Regulation 29 Disclosure of information
	Regulation 29A Finance: disclosure to the Treasury
	Regulation 30 Part 6: supplementary
	Part 7 Enforcement (regs. 31-36)
	Regulation 31 Penalties for offences
	Regulation 32 Liability of officers of bodies corporate etc.
	Regulation 33 Jurisdiction to try offences
	Regulation 34 Procedure for offences by unincorporated bodies
	Regulation 35 Time limit for proceedings for summary offences
	Regulation 36 Application of Chapter 1 of Part 2 of the Serious Organised Crime and Police Act 2005
	Part 8 Supplementary and final provision (regs. 37-40)
	Regulation 37 Notices
	Regulation 38 Revocations
	Regulation 39 Transitional provision: Treasury licences
	Regulation 40 Transitional provision: prior obligations etc.
	Schedule 1 Rules for interpretation of regulation 7(2)
	Schedule 2 Treasury licences: purposes
	Signature
	Explanatory Note
	Explanatory Memorandum