The Global Human Rights and International Humanitarian Law Sanctions Regulations 2026
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
22 Finance: exceptions from prohibitions
(1) The prohibition in regulation 14 (asset-freeze in relation to designated persons) is not contravened by an independent person (“P”) transferring to another person a legal or equitable interest in funds or economic resources where, immediately before the transfer, the interest— (a) is held by P, and (b) is not held jointly with the designated person. (2) In paragraph (1), “independent person” means a person who— (a) is not the designated person, and (b) is not owned or controlled directly or indirectly (within the meaning of regulation 9 (meaning of “owned or controlled directly or indirectly”)) by the designated person. (3) The prohibitions in regulations 14 to 16 (asset-freeze in relation to, and making funds available to, or for the benefit of, designated persons) are not contravened by a relevant institution crediting a frozen account with interest or other earnings due on the account. (4) The prohibitions in regulations 15 and 16 (making funds available to, or for the benefit of, designated persons) are not contravened by a relevant institution crediting a frozen account where it receives funds transferred to that institution for crediting to that account. (5) The prohibitions in regulations 15 and 16 are not contravened by the transfer of funds to a relevant institution for crediting to an account held or controlled (directly or indirectly) by a designated person, where those funds are transferred in discharge (or partial discharge) of an obligation which arose before the date on which the person became a designated person. (6) The prohibitions in regulations 14 to 16 are not contravened in relation to a designated person (“P”) by a transfer of funds from account A to account B, where— (a) account A is with a relevant institution which carries on an excluded activity within the meaning of section 142D (excluded activities) of the Financial Services and Markets Act 2000, (b) account B is with a ring-fenced body within the meaning of section 142A (“ring-fenced body”) of the Financial Services and Markets Act 2000, and (c) accounts A and B are held or controlled (directly or indirectly) by P. (7) In this regulation— “designated person” has the same meaning as it has in Part 3 (Finance); “frozen account” means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person; “relevant institution” means a person that has permission under Part 4A (Permission to carry on regulated activities) of the Financial Services and Markets Act 2000. (8) The definition of “relevant institution” in paragraph (7) is to be read with section 22 (regulated activities) of the Financial Services and Markets Act 2000, any relevant order under that section and Schedule 2 (regulated activities) to that Act. (9) For the purposes of paragraphs (1)(b), (5), and (6) and the definition of “frozen account” in paragraph (7)— (a) references to a designated person are to be read as including a person (“C”) who is owned or controlled directly or indirectly by the designated person (“D”) in accordance with regulation 9 (meaning of “owned or controlled directly or indirectly”), and (b) in respect of C, the reference in paragraph (5) to the “date on which the person became a designated person” is to be read as the date on which D became a designated person.
22 Finance: exceptions from prohibitions
(1) The prohibition in regulation 14 (asset-freeze in relation to designated persons) is not contravened by an independent person (“P”) transferring to another person a legal or equitable interest in funds or economic resources where, immediately before the transfer, the interest— (a) is held by P, and (b) is not held jointly with the designated person. (2) In paragraph (1), “independent person” means a person who— (a) is not the designated person, and (b) is not owned or controlled directly or indirectly (within the meaning of regulation 9 (meaning of “owned or controlled directly or indirectly”)) by the designated person. (3) The prohibitions in regulations 14 to 16 (asset-freeze in relation to, and making funds available to, or for the benefit of, designated persons) are not contravened by a relevant institution crediting a frozen account with interest or other earnings due on the account. (4) The prohibitions in regulations 15 and 16 (making funds available to, or for the benefit of, designated persons) are not contravened by a relevant institution crediting a frozen account where it receives funds transferred to that institution for crediting to that account. (5) The prohibitions in regulations 15 and 16 are not contravened by the transfer of funds to a relevant institution for crediting to an account held or controlled (directly or indirectly) by a designated person, where those funds are transferred in discharge (or partial discharge) of an obligation which arose before the date on which the person became a designated person. (6) The prohibitions in regulations 14 to 16 are not contravened in relation to a designated person (“P”) by a transfer of funds from account A to account B, where— (a) account A is with a relevant institution which carries on an excluded activity within the meaning of section 142D (excluded activities) of the Financial Services and Markets Act 2000, (b) account B is with a ring-fenced body within the meaning of section 142A (“ring-fenced body”) of the Financial Services and Markets Act 2000, and (c) accounts A and B are held or controlled (directly or indirectly) by P. (7) In this regulation— “designated person” has the same meaning as it has in Part 3 (Finance); “frozen account” means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person; “relevant institution” means a person that has permission under Part 4A (Permission to carry on regulated activities) of the Financial Services and Markets Act 2000. (8) The definition of “relevant institution” in paragraph (7) is to be read with section 22 (regulated activities) of the Financial Services and Markets Act 2000, any relevant order under that section and Schedule 2 (regulated activities) to that Act. (9) For the purposes of paragraphs (1)(b), (5), and (6) and the definition of “frozen account” in paragraph (7)— (a) references to a designated person are to be read as including a person (“C”) who is owned or controlled directly or indirectly by the designated person (“D”) in accordance with regulation 9 (meaning of “owned or controlled directly or indirectly”), and (b) in respect of C, the reference in paragraph (5) to the “date on which the person became a designated person” is to be read as the date on which D became a designated person.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.