PART 3

EU financial sanctions: Wales

The EU financial sanctions to which Part 3 applies
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1
This Part applies to an EU financial sanction imposed on the United Kingdom if—
a
the sanction is imposed after the commencement of this Part, and
b
the Welsh Ministers certify that this Part applies to the sanction.
2
If a certificate under subsection (1)—
a
specifies a part or parts of the EU financial sanction concerned, and
b
states that this Part applies only to that part, or those parts, of the sanction,
this Part applies to the sanction as if it included only that part or those parts.
3
A certificate under subsection (1)—
a
may make different provision about any of the following—
i
the lump sum (if any) paid by the United Kingdom;
ii
any periodic payment due from the United Kingdom under the terms of the EU financial sanction before the certificate is given; and
iii
any future periodic payment that may fall due from the United Kingdom under those terms; and
b
must be given in such form and published in such manner as the Welsh Ministers think fit.
4
Any provision of a certificate under subsection (1) which has the effect of excluding the whole or part of any periodic payment mentioned in subsection (3)(a)(iii) (including any such payment which has fallen due from the United Kingdom since the earlier certificate was given) may be varied by a further certificate under subsection (1).