- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)The prohibitions in sections 11 to 15 do not apply to anything done under the authority of a licence granted by the Treasury.
(2)Where relevant such a licence also constitutes authorisation under Article 6 of Council Regulation (EC) No 2580/2001 of 27 December 2001 on specific restrictive measures directed against certain persons and entities with a view to combating terrorism.
(3)A licence must specify the acts authorised by it and may be—
(a)general or granted to a category of persons or to a particular person;
(b)subject to conditions;
(c)of indefinite duration or subject to an expiry date.
(4)The Treasury may vary or revoke a licence at any time.
(5)On the grant, variation or revocation of a licence, the Treasury must—
(a)in the case of a licence granted to a particular person, give written notice of the grant, variation or revocation to that person;
(b)in the case of a general licence or a licence granted to a category of persons, take such steps as the Treasury consider appropriate to publicise the grant, variation or revocation of the licence.
(6)A person commits an offence who, for the purpose of obtaining a licence, knowingly or recklessly—
(a)provides information that is false in a material respect, or
(b)provides or produces a document that is not what it purports to be.
(7)A person who purports to act under the authority of a licence but who fails to comply with any conditions included in the licence commits an offence.
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Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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