Acquisition or extension of ownership interest by a DPRK credit or financial institutionU.K.
This section has no associated Explanatory Memorandum
22.—(1) A person falling within regulation 18(2) must not directly or indirectly acquire or extend a participation, or acquire any ownership interest, in a UK credit or financial institution.
(2) Paragraph (1) is subject to Part 9 (Exceptions and licences).
(3) A person who contravenes the prohibition in paragraph (1) commits an offence.
Commencement Information
I1Reg. 22 not in force at made date, see reg. 1(2)
I2Reg. 22 in force at 31.12.2020 by S.I. 2019/627, reg. 7(2); 2020 c. 1, Sch. 5 para. 1(1)