Section 62A

Where a person's conduct in a relevant country would, in the absence of this regulation, contravene a prohibition in any of regulations 11 to 15 (asset-freeze etc.) , 16 (securities and money market instruments), 17 (loans and credit arrangements), 17A (corresponding banking relationships and processing payments) , 18 (investments in relation to non-government controlled Ukrainian territory) , 18A (provision of foreign reserve and asset management services) , 18B (investments in relation to Russia) and 18C (trust services) or Chapters 2 to 6 and Chapter 6B of Part 5 (Trade) (“the relevant prohibition”), the relevant prohibition is not contravened if the conduct is authorised by a licence or other authorisation which is issued— under the law of the relevant country, and for the purpose of disapplying a prohibition in that jurisdiction which corresponds to the relevant prohibition. In this regulation— “relevant country” means— any of the Channel Islands, the Isle of Man, or any British overseas territory.

← 2 · All articles · 1 →

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