The Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022 No. 1331

Amendment of regulation 59 (exceptions relating to loans and credit arrangements)

11.  In regulation 59—

(a) in paragraph (1)(c)(iii), for “the date on which the Amendment Regulations (No. 15) 2022 come into force” substitute “29th October 2022”;

(b) after paragraph (1)(c)(iii), insert—

“(iv) in the case of a category 6 loan, 16th December 2022;”;

(c) in paragraph (2)(a)(i)(cc), for “the date on which the Amendment Regulations (No. 15) 2022 come into force” substitute “29th October 2022”;

(d) after paragraph (2)(a)(i)(cc), insert—

“(dd) in the case of a category 6 loan, 16th December 2022;”;

(e) in paragraph (3)—

(i) omit ““the Amendment Regulations (No. 15) 2022 has the meaning given to it in regulation 17;”;

(ii) after the definition of “category 5 loan”, insert—

““category 6 loan” has the meaning given to it in regulation 17;”.