Section 101

Paragraph (2) applies in relation to each licence or authorisation granted by the Secretary of State which— was in effect immediately before IP completion day, and authorises an act— and such a licence or authorisation is referred to in this regulation as “an existing trade licence”. which would otherwise be prohibited by any provision of the Export Control Order 2008 except article 20 of that Order (embargoed destinations), or which requires an authorisation under or pursuant to the Dual-Use Regulation, and which would (on and after IP completion day, and in the absence of paragraph (2)) be prohibited by Part 5 (Trade), A licence is deemed to have been issued by the Secretary of State on IP completion day under regulation 65 (trade licences)— disapplying every provision of Part 5 (Trade) which would, in the absence of this paragraph, prohibit any act authorised by the existing trade licence, and otherwise in the same terms as the existing trade licence. Paragraphs (4) to (6) apply to a licence or authorisation granted by the Secretary of State which— was in effect immediately before IP completion day, ... is not an existing trade licence, and authorises an act— and such a licence or authorisation is referred to in this regulation as “an existing trade sanctions licence”. which would otherwise be prohibited by the EU Russia Regulations, and which would (on or after IP completion day), and in the absence of Paragraphs (4) to (6), be prohibited by Part 5 (Trade), An existing trade sanctions licence has effect on and after IP completion day as if it were a licence which had been issued by the Secretary of State under regulation 65 (trade licences). Any reference in an existing trade sanctions licence to a provision of the Export Control (Russia, Crimea and Sevastopol Sanctions) Order 2014 or the Export Control Order 2008 is to be treated on and after IP completion day as a reference to the corresponding provision of these Regulations (if any). Any reference in an existing trade sanctions licence to a prohibition in the EU Russia Regulations is to be treated on and after IP completion day as a reference to the corresponding prohibition in Part 5 (Trade).

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