Section 103

Where— any reference in a provision mentioned in paragraph (2) to the date on which a person became a designated person is a reference to the date on which the person was named in an Annex to the EU Russia Regulations. a person was named in an Annex to the EU Russia Regulations immediately before IP completion day, and the person is a designated person immediately before IP completion day, The provisions referred to in paragraph (1) are— regulation 58(5) (finance: exceptions from prohibitions), . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . paragraph 8 of Schedule 5 (prior obligations). In this regulation, “designated person” has the same meaning as it has in Chapter 1 of Part 3 (finance restrictions in relation to designated persons).

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