Section 16(4D)

A transferable security or money-market instrument falls within this paragraph if it is issued on or after 1st March 2022 by— a person connected with Russia, which is not— a person falling within Schedule 2, a person, other than an individual, which on 1st March 2022 is domiciled in a country other than Russia, or a person, other than an individual, which on 1st March 2022 is a branch or subsidiary, wherever located, of a person mentioned in paragraph (ii); a person, other than an individual, which is owned by a person falling within sub-paragraph (a); or a person, other than an individual, acting on behalf or at the direction of a person within sub-paragraph (a) or sub-paragraph (b).

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