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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 December 2023 - onwards
Version 2 of 2

Regulation 46BB Financial services and funds relating to luxury goods

(1) A person must not directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is -

(a) the export of luxury goods to, or for use in, Russia;

(b) the direct or indirect supply or delivery of luxury goods to a place in Russia;

(c) directly or indirectly making luxury goods available -

(i) to a person connected with Russia, or

(ii) for use in Russia; or

(d) the direct or indirect provision of technical assistance relating to luxury goods -

(i) to a person connected with Russia, or