Sanctions and Anti-Money Laundering Act 2018

10 Designation powers: general U.K.

(1) In this Act a “designation power”, in relation to regulations under section 1, means a power (contained in the regulations by virtue of section 9(2)(a)) for an appropriate Minister to designate persons for the purposes of the regulations or of any provisions of the regulations.

(2) Regulations under section 1 which contain a designation power may make provision about the way in which the power must or may be exercised, including provision authorising the appropriate Minister to whom the power is granted—

(a) to designate a person by name;

(b) to provide that persons of a description specified by that Minister are designated persons;

(c) to designate different persons for the purposes of different provisions of the regulations.

(3) Regulations under section 1 which contain a designation power must provide that where an appropriate Minister—

(a) has made a designation under the power, or

(b) has varied or revoked a designation made under the power (see section 22),

that Minister must without delay take such steps as are reasonably practicable to inform the designated person of the designation, variation or revocation.

(4) The regulations may include provision, additional to that required by subsection (3), as to steps to be taken as regards notification or publicity where a designation has been made under the designation power or a designation made under the power has been varied or revoked.

(5) The regulations need not require a person to be notified of an intention to designate the person.

(6) Sections 11 and 12 contain provision about criteria for designation under a designation power.

Modifications etc. (not altering text)

C1 Pt. 1: power to amend conferred (15.3.2022) by Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 66(1)(a), 69(3)

Commencement Information

I1 S. 10 in force at 22.11.2018 by S.I. 2018/1213, reg. 2(a)