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Section 64(1)

The prohibitions in 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) , 18C (trust services) and 46Z9B to 46Z9D (maritime transportation of certain oil and oil products) do not apply to anything done under the authority of a licence issued by the Treasury under this paragraph.

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