Sanctions and Anti-Money Laundering Act 2018 (c. 13)

PART 1 U.K. Sanctions regulations

Modifications etc. (not altering text)

C1 Pt. 1: power to amend conferred (15.3.2022) by Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 66(1)(a), 69(3)

CHAPTER 5 U.K. Miscellaneous

42 Suspension of prohibitions and requirements U.K.

(1) An appropriate Minister may make regulations (“suspending regulations”) providing that—

(a) while the suspending regulations have effect, or

(b) for a specified period,

a specified prohibition or requirement of regulations under section 1 is not to have effect.

(2) In this section “specified” means specified in the suspending regulations.

(3) A period specified under subsection (1)(b) may be expressed in any way, including, for example, being expressed in a way such that—

(a) the period begins, or ends, when a specified condition is met, or

(b) the period begins when a specified condition is met and lasts for so long as the suspending regulations or a specified provision of those regulations has effect.

Commencement Information

I1 S. 42 in force at 22.11.2018 by S.I. 2018/1213, reg. 2(b)