C1PART 3General

Annotations:
Modifications etc. (not altering text)

Definitions

62Interpretation

1

In this Act—

  • “appropriate Minister” is to be read in accordance with section 1(9);

  • “country” includes any territory, region or other place;

  • “designation power” has the meaning given by section 10(1);

  • “economic resources” has the meaning given by section 60(2);

  • “financial products” has the meaning given by section 61(3);

  • “financial services” has the meaning given by section 61(1);

  • “freeze”, in relation to funds or economic resources, has the meaning given by section 60(3) and (4);

  • “funds” has the meaning given by section 60(1);

  • “international obligation” has the meaning given by section 1(8);

  • “person” has the meaning given by section 9(5);

  • “prescribed”, in any provision relating to regulations, means prescribed by the regulations;

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  • “the Security Council” means the Security Council of the United Nations;

  • “the territorial sea” (without more) means the territorial sea adjacent to the United Kingdom;

  • “terrorism” has the same meaning as in the Terrorism Act 2000 (see section 1(1) to (4) of that Act);

  • “UN obligation” has the meaning given by section 1(8);

  • “UN Security Council Resolution” has the meaning given by section 1(8).

2

Any reference in this Act to a person named “for the purposes of” a UN Security Council Resolution so far as it provides for the taking of particular measures includes any person who, by virtue of—

a

being named for any purposes by the Security Council or a subsidiary organ of the Security Council, and

b

the terms of the resolution,

is a person in relation to whom the resolution provides for the measures to be taken.

3

Any reference in this Act to ships designated “for purposes of” a UN Security Council Resolution which provides for the taking of measures in relation to ships includes any ship which, by virtue of—

a

being designated for any purposes by the Security Council or a subsidiary organ of the Security Council, and

b

the terms of the resolution,

is a ship in relation to which the resolution provides for the measures to be taken.

4

Regulations under section 1 may make provision as to the meaning of any reference in the regulations to funds, economic resources or technology (or a particular description of funds, economic resources or technology) being—

a

owned by a person,

b

held by a person,

c

controlled by a person, or

d

made available to or for the benefit of a person.

5

Regulations under section 1 may make provision as to the meaning of any reference in the regulations to a person “owning” or “controlling” another person.

6

Regulations under section 1 may make provision as to the connection that is required between—

a

a person, or a person of a prescribed description, and

b

a country,

in order for the person to be regarded as “connected with” that country for the purposes of any provision of the regulations.