Textual Amendments
F1Pt. 3 Ch. 2 inserted (14.10.2021 at noon) by The Republic of Belarus (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2021 (S.I. 2021/1146), regs. 1(2), 8
15CA.—(1) A person (“P”) must not provide financial services to a person mentioned in paragraph (2) where—
(a)the financial services are for the purpose of foreign exchange reserve and asset management; and
(b)P knows, or has reasonable cause to suspect, that the financial services are provided to such a person.
(2) The persons mentioned in this paragraph are—
(a)the National Bank of Belarus,
(b)the Ministry of Finance of Belarus,
(c)a person owned or controlled directly or indirectly (within the meaning of regulation 7) by a person mentioned in sub-paragraphs (a) or (b), or
(d)a person acting on behalf of or at the direction of a person mentioned in sub-paragraphs (a) or (b).
(3) Paragraph (1) is subject to Part 6 (Exceptions and licences).
(4) A person who contravenes the prohibition in paragraph (1) commits an offence.]]
Textual Amendments