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Sanctions and Anti-Money Laundering Act 2018

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58Retained EU rights

(1)If and to the extent that anything in the European Union (Withdrawal) Act 2018 would, in the absence of this section, prevent any power within subsection (2) from being exercised so as to modify anything which is retained EU law by virtue of section 4 of that Act (saving for certain rights etc), it does not prevent that power from being so exercised.

(2)The following powers fall within this subsection—

(a)any power conferred by this Act, or by regulations under this Act, on a Minister of the Crown within the meaning of the Ministers of the Crown Act 1975 (however that power is expressed);

(b)any power conferred by regulations under Schedule 2 on a supervisory authority.

(3)In this section “modify” has the same meaning as in the European Union (Withdrawal) Act 2018.

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