The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2024
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Change 1
13 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020
In paragraph 78 (modification of Schedule 5)— (a) after sub-paragraph (e) insert— (ea) in paragraph 9DA (interpretation of Part 1ZA)— (i) for the definition of “non-UK country” substitute— “non-Territory country” means a country that is not the Territory; ; (ii) for the definition of “non-UK credit or financial institution” substitute— “non-Territory credit or financial institution” has the same meaning as in regulation 17A; ; (iii) for the definition of “UK entity” substitute— “Territory entity” means a person, other than an individual, incorporated or constituted under the law of the Territory ; (eb) in paragraph 9DB (divestment)— (i) in sub-paragraphs (1), (2), (3) and (4)(a), for “UK entity”, in each place it occurs, substitute “Territory entity”; (ii) in sub-paragraph (4)(b)(ii)— (aa) for “non-UK credit or financial institution” substitute “non-Territory credit or financial institution”; (bb) for “non-UK country” substitute “non-Territory country”; (iii) in sub-paragraph (4)(c), for “non-UK country” substitute “non-Territory country”; (ec) in paragraph 9DC (enabling others to divest themselves of funds or economic resources)— (i) in sub-paragraphs (1) and (3), for “UK entity”, in each place it occurs, substitute “Territory entity”; (ii) in sub-paragraph (4)(b)(ii)— (aa) for “non-UK credit or financial institution” substitute “non-Territory credit or financial institution”; (bb) for “non-UK country” substitute “non-Territory country”; (iii) in sub-paragraph (4)(c), for “non-UK country” substitute “non-Territory country”; ; (b) after sub-paragraph (k) insert— (ka) in paragraph 9TA (other licensing purposes), for “Treasury” substitute “Governor”; .
13 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020
In paragraph 78 (modification of Schedule 5)— (a) after sub-paragraph (e) insert— (ea) in paragraph 9DA (interpretation of Part 1ZA)— (i) for the definition of “non-UK country” substitute— “non-Territory country” means a country that is not the Territory; ; (ii) for the definition of “non-UK credit or financial institution” substitute— “non-Territory credit or financial institution” has the same meaning as in regulation 17A; ; (iii) for the definition of “UK entity” substitute— “Territory entity” means a person, other than an individual, incorporated or constituted under the law of the Territory ; (eb) in paragraph 9DB (divestment)— (i) in sub-paragraphs (1), (2), (3) and (4)(a), for “UK entity”, in each place it occurs, substitute “Territory entity”; (ii) in sub-paragraph (4)(b)(ii)— (aa) for “non-UK credit or financial institution” substitute “non-Territory credit or financial institution”; (bb) for “non-UK country” substitute “non-Territory country”; (iii) in sub-paragraph (4)(c), for “non-UK country” substitute “non-Territory country”; (ec) in paragraph 9DC (enabling others to divest themselves of funds or economic resources)— (i) in sub-paragraphs (1) and (3), for “UK entity”, in each place it occurs, substitute “Territory entity”; (ii) in sub-paragraph (4)(b)(ii)— (aa) for “non-UK credit or financial institution” substitute “non-Territory credit or financial institution”; (bb) for “non-UK country” substitute “non-Territory country”; (iii) in sub-paragraph (4)(c), for “non-UK country” substitute “non-Territory country”; ; (b) after sub-paragraph (k) insert— (ka) in paragraph 9TA (other licensing purposes), for “Treasury” substitute “Governor”; .
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