Section 100(1)

Paragraphs (2) to (4) apply to a licence which— and such a licence is referred to in this regulation as “an existing financial sanctions licence”. was granted, or deemed to be granted, by the Treasury under the Ukraine Financial Sanctions Regulations, was in effect immediately before IP completion day, and authorises an act which would (on and after IP completion day, and in the absence of paragraphs (2) to (4)) be prohibited by Part 3 (Finance),

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Source: legislation.gov.uk · retrieved 2026-08-30