Section 59A

The prohibition in regulation 17A(2) (processing ... payments) does not apply to the processing of a ... payment for any fee or charge required to permit an aircraft to overfly, land in or take off from Russia. The prohibition in regulation 17A(2) is not contravened by a transfer (or, if necessary, more than one transfer) of funds by C from account A to account B where— neither account A nor account B are held in the name of a customer of C; and both account A and account B are held within the United Kingdom; and the transfer (or transfers) from account A to account B is (or are) carried out for the purpose of compliance with regulation 17A(2). The prohibition in regulation 17A(2) (processing payments) is not contravened by— to, from or via a respondent (within the meaning of regulation 17A(1)). a person making a required payment, or a designated person making a reimbursement payment, The reference in paragraph (3)(b) to a designated person is to be read as including a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by the designated person. In paragraph (3)— “designated person” has the meaning given in regulation 58A(8); “person” is to be construed in accordance with regulation 58A(5); “reimbursement payment” has the meaning given in regulation 58A(8); “required payment” has the meaning given in regulation 58A(2).

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