SCHEDULES

SCHEDULE 7U.K.Terrorist financing and money laundering

Part 4U.K.Procedural provisions and licensing

General directions: publication and duration of directionsU.K.

16(1)This paragraph applies to an order containing directions under paragraph 14 (general directions given by order).U.K.

(2)The Treasury must take such steps as they consider appropriate to publicise the making of the order.

(3)An order—

(a)revoking the order, or

(b)varying the order so as to make its provisions less onerous,

is subject to negative resolution procedure.

(4)The order (if not previously revoked and whether or not varied) ceases to have effect at the end of the period of one year beginning with the day on which it was made.

This is without prejudice to the making of a further order.

(5)Where the order is varied or ceases to have effect (whether on revocation or otherwise), the Treasury must take such steps as they consider appropriate to publicise that fact.