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The Syria (Sanctions) (EU Exit) Regulations 2019
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- UK Statutory Instruments
- 2019 No. 792
- PART 11
- Regulation 100
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Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- Pt. 3A inserted by S.I. 2024/643 reg. 7(4)
- reg. 5(1)(aa) inserted by S.I. 2024/643 reg. 7(3)
- reg. 61A inserted by S.I. 2024/643 reg. 7(5)
- reg. 65A inserted by S.I. 2024/643 reg. 7(7)
- reg. 84(3A)-(3D) inserted by S.I. 2024/643 reg. 7(10)(a)
- reg. 84(7) inserted by S.I. 2024/643 reg. 7(10)(b)
Transitional provision: Treasury licencesU.K.
This section has no associated Explanatory Memorandum
100.—(1) Paragraphs (2) to (4) apply to a licence or authorisation which—
(a)was granted, or deemed to be granted, by the Treasury under regulation 10 of the 2012 Regulations,
(b)was in effect immediately before [F1IP completion day], and
(c)authorises conduct which would (on and after [F1IP completion day], and in the absence of paragraphs (2) to (4)) be prohibited under Part 3 (Finance),
and such a licence or authorisation is referred to in this regulation as “an existing financial sanctions licence”.
(2) An existing financial sanctions licence which authorises an act which would otherwise be prohibited has effect on and after [F1IP completion day] as if it had been issued by the Treasury under regulation 61(1) (Treasury licences).
(3) Any reference in an existing financial sanctions licence to the 2012 Regulations is to be treated on and after [F1IP completion day] as a reference to these Regulations.
(4) Any reference in an existing financial sanctions licence to a prohibition in—
(a)the 2012 Regulations, or
(b)the EU Syria Regulation,
is to be treated on and after [F1IP completion day] as a reference to the corresponding prohibition in Part 3.
(5) Paragraph (6) applies where—
(a)an application for a licence or authorisation, or for the variation of a licence or authorisation, under the 2012 Regulations was made before [F1IP completion day],
(b)the application is for the authorisation of conduct which would (on and after [F1IP completion day]) be prohibited under Part 3, and
(c)a decision to grant or refuse the application has not been made before that date.
(6) The application is to be treated on and after [F1IP completion day] as an application for a licence, or for the variation of a licence (as the case may be), under regulation 61(1) (Treasury licences).
(7) In this regulation, “the 2012 Regulations” means the Syria (European Union Financial Sanctions) Regulations 2012.
(8) In paragraphs (3) and (4), a reference to the 2012 Regulations includes a reference to the Syria (Asset-Freezing) Regulations 2011 M1.
Textual Amendments
F1Words in reg. 100 substituted (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2020 (S.I. 2020/590), regs. 1(2), 9(12); S.I. 2020/1514, reg. 4
Commencement Information
I1Reg. 100 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M1S.I. 2011/1244, as amended by S.I. 2011/2479 and revoked by the 2012 Regulations.
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