Amendment of regulation 16 (dealing with transferable securities or money-market instruments)4
In regulation 16—
a
after paragraph (4F), insert—
4G
A person (“P”) must not, directly or indirectly, deal with a transferable security or money-market instrument falling within paragraph (4H) if P knows, or has reasonable cause to suspect, that P is dealing with such a transferable security or money-market instrument.
4H
A transferable security or money-market instrument falls within this paragraph if it is issued—
a
on or after 16th December 2022,
b
by a person, other than an individual, which is not a person connected with Russia, and
c
for the purposes of an activity mentioned in regulation 18B(2).
b
in paragraph (5), for “and (4E)” substitute “, (4E) and (4G)”
;
c
in paragraph (6), for “and (4E)” substitute “, (4E) or (4G)”
.