(1) The Venezuela (Sanctions) (EU Exit) Regulations 2019 [S.I. 2019/135, amended by S.I. 2020/590; S.I. 2020/951; S.I. 2022/500; S.I. 2022/818; and S.I. 2023/149.] are amended as follows.

(2) In regulation 2 (interpretation), in the appropriate place insert -

""director disqualification licence" means a licence under regulation 35A;".

(3) In regulation 5(1) (power to designate persons) -

(a) omit "and" following sub-paragraph (a),

(b) after sub-paragraph (a) insert -

"(aa) regulation 16A (Director disqualification sanctions);".

(4) After regulation 16 (circumventing etc prohibitions), insert -

"Part 3A Director disqualification sanctions

16A. Director disqualification sanctions

A person who is designated under regulation 5 (power to designate persons) for the purposes of this regulation is a person subject to director disqualification sanctions for the purposes of -