22(1)Regulations under section 49 may impose requirements in relation to conduct outside the United Kingdom by a United Kingdom person.U.K.
(2)In sub-paragraph (1) “United Kingdom person” means—
(a)a United Kingdom national,
(b)a body incorporated or constituted under the law of any part of the United Kingdom, F1...
(c)a body within paragraph (3) or (4) of regulation 9 of the Money Laundering Regulations 2017 (bodies to be regarded for the purposes of those Regulations as carrying on business in the United Kingdom), as that regulation has effect immediately before it is saved by section 2 of the European Union (Withdrawal) Act 2018 [F2, or]
[F2(d)a person—
(i)who does not fall within any of paragraphs (a) to (c), and
(ii)who is a trustee with links to the United Kingdom (see paragraph 22A).
(3)For this purpose a United Kingdom national is an individual who is—
(a)a British citizen, a British overseas territories citizen, a British National (Overseas) or a British Overseas citizen,
(b)a person who under the British Nationality Act 1981 is a British subject, or
(c)a British protected person within the meaning of that Act.
(4)In this paragraph “conduct” includes acts and omissions.]
Textual Amendments
F1Word in Sch. 2 para. 22(2)(b) omitted (1.7.2021) by virtue of Financial Services Act 2021 (c. 22), ss. 34(2)(a), 49(4); S.I. 2021/739, reg. 3(r)
F2Sch. 2 para. 22(2)(d) and word inserted (1.7.2021) by Financial Services Act 2021 (c. 22), ss. 34(2)(b), 49(4); S.I. 2021/739, reg. 3(r)
Commencement Information
I1Sch. 2 para. 22 in force at 31.12.2020 by S.I. 2020/1535, reg. 3(d)