Section 60ZZB(1)

The prohibitions in regulation 18C (trust services) are not contravened by any act done by a person (“P”)— in satisfaction of an obligation in respect of the provision of trust services by P to or for the benefit of— where those services are provided in relation to the discharge of or compliance with UK statutory or regulatory obligations; a designated person, or a person connected with Russia, for the purposes of complying with the prohibitions and obligations in Chapter 1 of Part 3 (asset freeze etc.); in connection with transferable securities or money-market instruments where dealing with such securities or instruments is not prohibited by regulation 16 or 18B.

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