33. In Schedule 2 (Treasury licences: purposes)—
(a)in the heading, for “Treasury licences” substitute “Financial sanctions licences”;
(b)in the shoulder note, for “Regulation 21(3)” substitute “Regulation 21”;
(c)in the definition of “frozen funds or economic resources” in paragraph 1, for “the designation of that person for the purpose of that regulation” substitute “that person being a designated person for the purposes of Part 3 (Finance) as defined in regulation 10 (meaning of “designated person” in Part 3)”;
(d)in paragraph 6(b)(ii) (pre-existing judicial decisions etc.), for “United Kingdom” substitute “Territory”.