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Insertion of regulations 60DA

18.  After regulation 60D insert—

Trade: exception relating to professional and business services

60DA.(1) The prohibitions in regulation 54C (professional and business services) are not contravened by any act done by a person (“P”)—

(a)in satisfaction of an obligation—

(i)in respect of the provision of professional and business services by P to a person connected with Russia where those services are provided in relation to the discharge or compliance with UK statutory or regulatory obligations, such obligations not arising under contract;

(ii)arising under a contract concluded before 20th July 2022, or an ancillary contract necessary for the satisfaction of such a contract, provided that—

(aa)the act is carried out before the end of the period of one month beginning with the day on which this regulation comes into force;

(bb)P has notified the Secretary of State no later than the day 10 working days before the day on which the act is carried out;

(b)that is necessary for the official purposes of a diplomatic mission or consular post in Russia, or of an international organisation enjoying immunities in accordance with international law.

(2) For the purposes of this regulation, “diplomatic mission” and “consular post” are to be construed in accordance with paragraph A1 of Schedule 5..