2017 No. 754
Criminal Law

The European Union Financial Sanctions (Amendment of Information Provisions) Regulations 2017

Made
Laid before Parliament
Coming into force
The Treasury are designated1 for the purposes of section 2(2) of the European Communities Act 19722 in relation to restrictive measures against persons or bodies listed by an international organisation.

The Treasury, in exercise of the powers conferred by section 2(2) of the European Communities Act 1972, make the following Regulations.

Citation and commencement1.

These Regulations may be cited as the European Union Financial Sanctions (Amendment of Information Provisions) Regulations 2017 and come into force on 8th August 2017.

Zimbabwe (Financial Sanctions) Regulations 20092.

(1)

Paragraph 2 of the Schedule (information gathering provisions) to the Zimbabwe (Financial Sanctions) Regulations 20093 is amended as follows.

(2)

In sub-paragraphs (1) to (4), after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(3)

In sub-paragraph (5), after “institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

After sub-paragraph (5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 20064 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 20145 (general requirements for audit), when carrying out an audit required by that Act;
“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 20056 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 19797 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Somalia (Asset-Freezing) Regulations 20103.

(1)

The Schedule (information provisions) to the Somalia (Asset-Freezing) Regulations 20108 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Egypt (Asset-Freezing) Regulations 20114.

(1)

The Schedule (information provisions) to the Egypt (Asset-Freezing) Regulations 20119 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Tunisia (Asset-Freezing) Regulations 20115.

(1)

The Schedule (information provisions) to the Tunisia (Asset-Freezing) Regulations 201110 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph (5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Iran (Asset-Freezing) Regulations 20116.

(1)

The Schedule (information provisions) to the Iran (Asset-Freezing) Regulations 201111 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Afghanistan (Asset-Freezing) Regulations 20117.

(1)

The Schedule (information provisions) to the Afghanistan (Asset-Freezing) Regulations 201112 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

ISIL (Da’esh) and Al-Qaida (Asset-Freezing) Regulations 20118.

(1)

Schedule 1 (information provisions) to the ISIL (Da’esh) and Al-Qaida (Asset-Freezing) Regulations 201113 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Syria (European Union Financial Sanctions) Regulations 20129.

(1)

The Schedule (information provisions) to the Syria (European Union Financial Sanctions) Regulations 201214 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Guinea-Bissau (Asset-Freezing) Regulations 201210.

(1)

The Schedule (information provisions) to the Guinea-Bissau (Asset-Freezing) Regulations 201215 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Iraq (Asset-Freezing) Regulations 201211.

(1)

Schedule 1 (information provisions) to the Iraq (Asset-Freezing) Regulations 201216 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Republic of Guinea (Asset-Freezing) Regulations 201212.

(1)

The Schedule (information provisions) to the Republic of Guinea (Asset-Freezing) Regulations 201217 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Democratic Republic of the Congo (Asset-Freezing) Regulations 201213.

(1)

The Schedule (information provisions) to the Democratic Republic of the Congo (Asset-Freezing) Regulations 201218 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Eritrea (Asset-Freezing) Regulations 201214.

(1)

The Schedule (information provisions) to the Eritrea (Asset-Freezing) Regulations 201219 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Lebanon and Syria (Asset-Freezing) Regulations 201215.

(1)

The Schedule (information provisions) to the Lebanon and Syria (Asset-Freezing) Regulations 201220 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Belarus (Asset-Freezing) Regulations 201316.

(1)

The Schedule (information provisions) to the Belarus (Asset-Freezing) Regulations 201321 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Ukraine (European Union Financial Sanctions) Regulations 201417.

(1)

The Schedule (information provisions) to the Ukraine (European Union Financial Sanctions) Regulations 201422 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “relevant institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Central African Republic (European Union Financial Sanctions) Regulations 201418.

(1)

The Schedule (information provisions) to the Central African Republic (European Union Financial Sanctions) Regulations 201423 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Ukraine (European Union Financial Sanctions) (No. 2) Regulations 201419.

(1)

The Schedule (information provisions) to the Ukraine (European Union Financial Sanctions) (No. 2) Regulations 201424 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Sudan (European Union Financial Sanctions) Regulations 201420.

(1)

The Schedule (information provisions) to the Sudan (European Union Financial Sanctions) Regulations 201425 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Ukraine (European Union Financial Sanctions) (No. 3) Regulations 201421.

(1)

The Schedule (information provisions) to the Ukraine (European Union Financial Sanctions) (No. 3) Regulations 201426 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

After paragraph 1(3) insert—

“(4)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(5)

For the purpose of sub-paragraph (4)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(6)

In sub-paragraph (5)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Yemen (European Union Financial Sanctions) Regulations 201422.

(1)

The Schedule (information provisions) to the Yemen (European Union Financial Sanctions) Regulations 201427 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business of profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

South Sudan (European Union Financial Sanctions) (No. 2) Regulations 201523.

(1)

The Schedule (information provisions) to the South Sudan (European Union Financial Sanctions) (No. 2) Regulations 201528 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business of profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business of profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Burundi (European Union Financial Sanctions) Regulations 201524.

(1)

The Schedule (information provisions) to the Burundi (European Union Financial Sanctions) Regulations 201529 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Iran (European Union Financial Sanctions) Regulations 201625.

(1)

The Schedule (information provisions) to the Iran (European Union Financial Sanctions) Regulations 201630 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Libya (European Union Financial Sanctions) Regulations 201626.

(1)

The Schedule (information provisions) to the Libya (European Union Financial Sanctions) Regulations 201631 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 201727.

(1)

The Schedule (information provisions) to the Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 201732 is amended as follows.

(2)

In the heading to paragraph 1, at the end, insert “and others”.

(3)

In paragraph 1, after “relevant institution”, in each place it occurs, insert “or relevant business or profession”.

(4)

In paragraph 1(3)(b), after “the institution” insert “or relevant business or profession”.

(5)

After paragraph 1(5) insert—

“(6)

In this paragraph, a “relevant business or profession” means—

(a)

an auditor;

(b)

a casino;

(c)

a dealer in precious metals or stones;

(d)

an estate agent;

(e)

an external accountant;

(f)

an independent legal professional;

(g)

a tax adviser; and

(h)

a trust or company service provider,

operating in the United Kingdom.

(7)

For the purpose of sub-paragraph (6)—

“auditor” means any firm or sole practitioner who is—

(a)

a statutory auditor within the meaning of Part 42 of the Companies Act 2006 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor); or

(b)

a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit), when carrying out an audit required by that Act;

“casino” means the holder of a casino operating licence and, for this purpose, a “casino operating licence” has the meaning given by section 65(2)(a) of the Gambling Act 2005 (nature of a licence);

“dealer in precious metals or stones” means a person engaged in the business of making, supplying, selling (including selling by auction) or exchanging—

(a)

articles made from gold, silver, platinum or palladium; or

(b)

precious stones or pearls;

“estate agent” means a firm or sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out;

“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services;

“independent legal professional” means a firm or sole practitioner who by way of business provides legal or notarial services to other persons, when providing such services;

“tax adviser” means a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services;

“trust or company service provider” means a firm or sole practitioner who by way of business provides any of the following services to other persons, when that firm or practitioner is providing such services—

(a)

forming companies or other legal persons;

(b)

acting, or arranging for another person to act—

  1. (i)

    as a director or secretary of a company;

  2. (ii)

    as a partner of a partnership; or

  3. (iii)

    in a similar capacity in relation to other legal persons;

(c)

providing a registered office, business address, correspondence or administrative address or other related services for a company, partnership or any other legal person or arrangement;

(d)

acting, or arranging for another person to act, as—

  1. (i)

    a trustee of an express trust or similar legal arrangement; or

  2. (ii)

    a nominee shareholder for a person.

(8)

In sub-paragraph (7)—

(a)

in the definition of “estate agent”, “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 1979 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include reference to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest;

(b)

“firm” means any entity that, whether or not a legal person, is not an individual and includes a body corporate and a partnership or other unincorporated association.”.

Exclusions28.

These Regulations do not apply to—

(a)

the Auditor General for Scotland;

(b)

the Auditor General for Wales;

(c)

the Bank of England;

(d)

the Comptroller and Auditor General;

(e)

the Comptroller and Auditor General for Northern Ireland.

Mark Spencer
Heather Wheeler
Two of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE
(This note is not part of the Regulations)

These Regulations make provision relating to the enforcement of financial sanctions measures contained in the statutory instruments being amended. They do so by amending the relevant Schedules to those statutory instruments, which impose requirements on certain persons to provide information, and make provision for information gathering and disclosure.

The amendments made by these Regulations extend to certain businesses and professions the offences associated with a failure to comply with the duty to inform Her Majesty’s Treasury if they know or have reasonable cause to suspect that a person has committed an offence under the relevant regulations or is a person who is the subject of an asset freeze for the purposes of the relevant EU financial sanctions regime.

An impact assessment has not been prepared for this instrument because no significant impact on the private or voluntary sector is foreseen. Further information is available from the Office of Financial Sanctions Implementation, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ and on the Treasury’s website (www.gov.uk/government/organisations/office-of-financial-sanctions-implementation).