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Sanctions and Anti-Money Laundering Act 2018

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This is the original version (as it was originally enacted).

56Regulations under section 1: transitory provision

This section has no associated Explanatory Notes

(1)If the appropriate Minister making a statutory instrument containing (whether alone or with other provision) any regulations under section 1 considers it is appropriate to do so in consequence of, or otherwise in connection with, the withdrawal of the United Kingdom from the EU, the instrument may provide that it comes into force, or that any provision of regulations contained in the instrument comes into force, on such day as that Minister may by regulations under this section appoint.

(2)Any power of an appropriate Minister to appoint a day under this section includes—

(a)a power to appoint different days for different purposes, and

(b)a power to appoint a time on a day if that Minister considers it appropriate to do so (including a time that has effect by reference to the coming into force of any other enactment).

(3)Any power under this section to make regulations is exercisable by statutory instrument.

(4)Subsection (5) applies in the case of a statutory instrument—

(a)which contains provision by virtue of subsection (1) of this section, and

(b)to which section 55(3) applies by virtue of subsection (1) of that section.

(5)Where this subsection applies—

(a)the reference in section 55(3)(b) to the day on which the statutory instrument is made is to be read as a reference to the first day on which any provision of the regulations contained in the instrument comes into force for any purpose in accordance with regulations under this section, and

(b)any reference in section 55(3) or (4) to 28 days is to be read as a reference to 60 days.

(6)In this section “enactment” includes an enactment mentioned in any of paragraphs (a) to (d) of section 54(6).

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