Regulation 10 Amendment of the Burundi (EU Exit) (Sanctions) Regulations 2019
NB: Better Regulation has not effected these amendments as they refer to the Burundi (Sanctions) (EU Exit) Regulations 2019 [SI 2019 No. 1142] which were revoked by the Burundi (Sanctions) Regulations 2021 [SI 2021 No. 1404] and it is believed that these 2021 Regulations are those that are to be amended, as referred to in the Explanatory Note.
(1) The Burundi (Sanctions) (EU Exit) Regulations 2019 [S.I. 2019/1142, amended by S.I. 2020/1263.] are amended as follows.
(2) In regulation 24 (finance reporting obligations: meaning of relevant firm) -
(a) after paragraph (1)(g) insert -
"(h) a cryptoasset exchange provider;
(i) a custodian wallet provider.";
(b) after paragraph (3) insert -
"(3A) In paragraph (1), a "cryptoasset exchange provider" means a firm or sole practitioner that by way of business provides one or more of the following services, including where the firm or sole practitioner does so as creator or issuer of any of the cryptoassets involved -
(a) exchanging, or arranging or making arrangements with a view to the exchange of, cryptoassets for money or money for cryptoassets,