Regulation 53A Finance: reporting obligations for required payments

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Somalia (Sanctions) (EU Exit) Regulations 2020 [SI 2020 No. 642]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 Purposes Part 2 Designation of persons (regs. 5-10)Regulation 5 Power to designate persons Regulation 6 Criteria for designating a person 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 Regulation 10 Designation of persons named by or under UN Security Council Resolutions Part 3 Finance (regs. 11-17)Regulation 11 Meaning of "designated person" in Part 3 Regulation 12 Asset-freeze in relation to designated persons Regulation 13 Making funds available to designated persons Regulation 14 Making funds available for benefit of designated persons Regulation 15 Making economic resources available to designated persons Regulation 16 Making economic resources available for benefit of designated persons Regulation 17 Circumventing etc. prohibitions Part 3A Director disqualification sanctions (reg. 17A)Regulation 17A Director disqualification sanctions Part 4 Immigration (reg. 18)Regulation 18 Immigration Part 5 Trade (regs. 19-42)Chapter 1 Interpretation (regs. 19-20)Regulation 19 Definitions relating to goods and technology prohibited under Part 5 Regulation 20 Interpretation of other expressions used in this Part Chapter 2 Trade prohibitions relating to military goods, military technology, IED component goods and IED component technology (regs. 21-27)Regulation 21 Export of goods Regulation 22 Supply and delivery of goods Regulation 23 Making goods and technology available Regulation 24 Transfer of technology Regulation 25 Technical assistance relating to military goods and military technology Regulation 26 Financial services and funds relating to military goods and military technology Regulation 27 Brokering services: non-UK activity relating to military goods and military technology Chapter 3 Targeted arms embargo (regs. 28-34)Regulation 28 Export of military goods Regulation 29 Supply and delivery of military goods Regulation 30 Making military goods and military technology available Regulation 31 Transfer of military technology Regulation 32 Technical assistance relating to military goods and military technology Regulation 33 Financial services and funds relating to military goods and military technology Regulation 34 Brokering services: non-UK activity relating to military goods and military technology Chapter 4 Enabling or facilitating the conduct of armed hostilities (regs. 35-36)Regulation 35 Enabling or facilitating the conduct of armed hostilities: designated person Regulation 36 Enabling or facilitating the conduct of armed hostilities Chapter 5 Trade prohibitions relating to import, purchase and transportation (regs. 37-40)Regulation 37 Import of charcoal Regulation 38 Purchase etc. of charcoal Regulation 39 Transport of charcoal Regulation 40 Prohibitions relating to the associated provision of financial services and funds Chapter 6 Further provision (regs. 41-42)Regulation 41 Circumventing etc. prohibitions Regulation 42 Defences Part 6 Exceptions and licences (regs. 43-52)Regulation 43 Finance: exceptions from prohibitions Regulation 43A Finance: exception from prohibitions for required payments Regulation 44 Finance: humanitarian exception Regulation 45 Exception for authorised conduct in a relevant country Regulation 46 Exception for acts done for purposes of national security or prevention of serious crime Regulation 47 Treasury licences Regulation 47A Director disqualification licences Regulation 48 Trade licences Regulation 49 Licences: general provisions Regulation 50 Finance: licensing offences Regulation 50A Director disqualification: licensing offences Regulation 51 Trade: licensing offences Regulation 52 Section 8B(1) to (3) of the Immigration Act 1971 Part 7 Information and records (regs. 53-62)Regulation 53 Finance: reporting obligations Regulation 53A Finance: reporting obligations for required payments Regulation 54 "Relevant firm"Regulation 55 Finance: powers to request information Regulation 56 Finance: production of documents Regulation 57 Finance: information offences Regulation 58 Trade: application of information powers in CEMA Regulation 59 General trade licences: records Regulation 60 General trade licences: inspection of records Regulation 61 Disclosure of information Regulation 61A Finance: disclosure to the Treasury Regulation 62 Part 7: supplementary Part 8 Enforcement (regs. 63-71)Regulation 63 Penalties for offences Regulation 64 Liability of officers of bodies corporate etc.Regulation 65 Jurisdiction to try offences Regulation 66 Procedure for offences by unincorporated bodies Regulation 67 Time limit for proceedings for summary offences Regulation 68 Trade enforcement: application of CEMA Regulation 69 Trade offences in CEMA: modification of penalty Regulation 70 Application of Chapter 1 of Part 2 of the Serious Organised Crime and Police Act 2005 Regulation 71 Monetary penalties Part 9 Maritime enforcement (regs. 72-77)Regulation 72 Exercise of maritime enforcement powers Regulation 73 Maritime enforcement officers Regulation 74 Power to stop, board, search etc.Regulation 75 Seizure power Regulation 76 Restrictions on exercise of maritime enforcement powers Regulation 77 Interpretation of Part 9 Part 10 Supplementary and final provision (regs. 78-86)Regulation 78 Notices Regulation 79 Article 20 of the Export Control Order 2008 Regulation 80 Trade: overlapping offences Regulation 81 Revocations Regulation 82 Amendment of the United Nations and European Union Financial Sanctions (Linking) Regulations 2017 Regulation 83 Transitional provision: Treasury licences Regulation 84 Transitional provision: trade licences Regulation 85 Transitional provision: pending applications for trade licences Regulation 86 Transitional provision: prior obligations Schedule 1 Rules for interpretation of regulation 7(2)Schedule 2 Definitions used in Part 5 (Trade)Schedule 2, Part 1 Interpretation (para. 1)Schedule 2, Part 2 Charcoal (para. 2)Schedule 2, Part 3 IED components (para. 3)Schedule 3 Treasury licences: purposes Schedule 3, Part 1 Interpretation (para. 1)Schedule 3, Part 2 Purposes (paras. 2-6)Schedule 3, Part 2A Purposes relating only to UN designated persons (para. 6A)Schedule 3, Part 3 Purposes relating only to non-UN designated persons (paras. 7-9)Signature Explanatory Note Explanatory Memorandum

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Version status: Not yet in force | Document consolidation status: Updated to reflect all known changes

Version date: 12 November 2024 - 14 May 2025

[Regulation not yet in force]

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Regulation 53A Finance: reporting obligations for required payments

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