(1) It is an offence for a person who is subject to director disqualification sanctions to act as a director of a company or directly or indirectly to take part in or be concerned in the promotion, formation or management of a company (but see subsection (2)).
(2) Subsection (1) does not apply -
(a) to the extent that an exception from subsection (1) has been created by virtue of section 15(3A) of the Sanctions and Anti-Money Laundering Act 2018, or
(b) to anything done under the authority of a licence issued by virtue of section 15(3A) of that Act.
(3) It is a defence for a person charged with an offence under this section to prove that they did not know and could not reasonably have been expected to know that they were subject to director disqualification sanctions at the time at which they engaged in that conduct.
(4) In this section "person who is subject to director disqualification sanctions" means a person who under regulations under section 1 of the Sanctions and Anti-Money L
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