SCHEDULES

Regulation 32

SCHEDULE 3U.K.Treasury licences: purposes

[F1PART 1U.K.Asset-freeze etc.]

Textual Amendments

[F2InterpretationU.K.

1.   In this [F3Part] —

F4...

“designated person” has the same meaning as it has in Part 3 (Finance);

F4...

“frozen funds or economic resources” means funds or economic resources frozen by virtue of regulation 11, and any reference to a person's frozen funds or economic resources is to funds or economic resources frozen as a consequence of the designation of that person for the purpose of that regulation.

Textual Amendments

Commencement Information

I1Sch. 3 para. 1 not in force at made date, see reg. 1(2)

I2Sch. 3 para. 1 in force at 31.12.2020 by S.I. 2019/627, reg. 12(2); 2020 c. 1, Sch. 5 para. 1(1)

Basic needsU.K.

2.—(1) To enable the basic needs of a designated person, or (in the case of an individual) any dependent family member of such a person, to be met.

(2) In the case of an individual in sub-paragraph (1), “basic needs” includes—

(a)medical needs;

(b)needs for—

(i)food;

(ii)[F5payment] of insurance premiums;

(iii)[F6payment] of tax;

(iv)rent or mortgage payments;

(v)utility payments.

(3) In the case of a person other than an individual in sub-paragraph (1), “basic needs” includes needs for—

(a)payment of insurance premiums;

(b)payment of reasonable fees for the provision of property management services;

(c)payment of remuneration, allowances or pensions of employees;

(d)payment of tax;

(e)rent or mortgage payments;

(f)utility payments.

(4) In sub-paragraph (1)—

“dependent” means financially dependent;

“family member” includes—

(a)

the wife or husband of the designated person;

(b)

the civil partner of the designated person;

(c)

any parent or other ascendant of the designated person;

(d)

any child or other descendant of the designated person;

(e)

any person who is a brother or sister of the designated person, or a child or other descendant of such a person.

Textual Amendments

F5Word in Sch. 3 para. 2(2)(b)(ii) substituted (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2020 (S.I. 2020/590), regs. 1(2), 6(8); S.I. 2020/1514, reg. 4

F6Word in Sch. 3 para. 2(2)(b)(iii) substituted (31.12.2020 immediately after IP completion day) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2020 (S.I. 2020/590), regs. 1(2), 6(8); S.I. 2020/1514, reg. 4

Commencement Information

I3Sch. 3 para. 2 not in force at made date, see reg. 1(2)

I4Sch. 3 para. 2 in force at 31.12.2020 by S.I. 2019/627, reg. 12(2); 2020 c. 1, Sch. 5 para. 1(1)

Legal servicesU.K.

3.  To enable the payment of—

(a)reasonable professional fees for the provision of legal services, or

(b)reasonable expenses associated with the provision of legal services.

Textual Amendments

Commencement Information

I5Sch. 3 para. 3 not in force at made date, see reg. 1(2)

I6Sch. 3 para. 3 in force at 31.12.2020 by S.I. 2019/627, reg. 12(2); 2020 c. 1, Sch. 5 para. 1(1)

Maintenance of frozen funds and economic resourcesU.K.

4.  To enable the payment of—

(a)reasonable fees, or

(b)reasonable service charges,

arising from the routine holding or maintenance of frozen funds or economic resources.

Textual Amendments

Commencement Information

I7Sch. 3 para. 4 not in force at made date, see reg. 1(2)

I8Sch. 3 para. 4 in force at 31.12.2020 by S.I. 2019/627, reg. 12(2); 2020 c. 1, Sch. 5 para. 1(1)

Extraordinary expensesU.K.

5.  To enable an extraordinary expense of a designated person to be met.

Textual Amendments

Commencement Information

I9Sch. 3 para. 5 not in force at made date, see reg. 1(2)

I10Sch. 3 para. 5 in force at 31.12.2020 by S.I. 2019/627, reg. 12(2); 2020 c. 1, Sch. 5 para. 1(1)

Pre-existing judicial decisions etcU.K.

6.  To enable, by the use of a designated person's frozen funds or economic resources, the implementation or satisfaction (in whole or in part) of a judicial, administrative or arbitral decision or lien, provided that—

(a)the funds or economic resources so used are the subject of the decision or lien,

(b)the decision or lien—

(i)was made or established before the date on which the person became a designated person, and

(ii)is enforceable in the United Kingdom, and

(c)the use of the frozen funds or economic resources does not directly or indirectly benefit any other designated person.

Textual Amendments

Commencement Information

I11Sch. 3 para. 6 not in force at made date, see reg. 1(2)

I12Sch. 3 para. 6 in force at 31.12.2020 by S.I. 2019/627, reg. 12(2); 2020 c. 1, Sch. 5 para. 1(1)

[F7Diplomatic missions etc.U.K.

7.—(1) To enable anything to be done in order that the functions of a diplomatic mission or consular post in Belarus or of an international organisation enjoying immunities in accordance with international law may be carried out.

(2) To enable anything to be done in order that the functions of a diplomatic mission or consular post of Belarus in the United Kingdom may be carried out.]

Textual Amendments

Extraordinary situationU.K.

8.  To enable anything to be done to deal with an extraordinary situation.

Textual Amendments

Commencement Information

I13Sch. 3 para. 8 not in force at made date, see reg. 1(2)

I14Sch. 3 para. 8 in force at 31.12.2020 by S.I. 2019/627, reg. 12(2); 2020 c. 1, Sch. 5 para. 1(1)

Prior obligationsU.K.

9.  To enable, by the use of a designated person's frozen funds or economic resources, the satisfaction of an obligation of that person (whether arising under a contract, other agreement or otherwise), provided that—

(a)the obligation arose before the date on which the person became a designated person, and

(b)no payments are made to another designated person, whether directly or indirectly.]

Textual Amendments

Commencement Information

I15Sch. 3 para. 9 not in force at made date, see reg. 1(2)

I16Sch. 3 para. 9 in force at 31.12.2020 by S.I. 2019/627, reg. 12(2); 2020 c. 1, Sch. 5 para. 1(1)

[F8Humanitarian assistance activityU.K.

10.  To enable anything to be done in connection with the performance of any humanitarian assistance activity.]

Textual Amendments

[F9Medical goods or servicesU.K.

10A.—(1) To enable anything to be done in connection with the provision of medical goods or services for the benefit of the civilian population of a country.

(2) To enable the import, export or use of medical goods.

(3) In paragraphs (1) and (2), “medical goods” includes medicines and medical devices.

Textual Amendments

FoodU.K.

10B.  To enable anything to be done in connection with the production or distribution of food for the benefit of the civilian population of a country.]

Textual Amendments

[F10PART 2U.K.Loans and credit

Textual Amendments

Humanitarian assistance activityU.K.

11.  To enable anything to be done in connection with the performance of any humanitarian assistance activity.

Nuclear safetyU.K.

12.  To enable anything to be done for the purposes of nuclear safety.

Extraordinary situationU.K.

13.  To enable anything to be done to deal with an extraordinary situation.

[F11Diplomatic missions etc.U.K.

14.—(1) To enable anything to be done in order that the functions of a diplomatic mission or consular post in Belarus or of an international organisation enjoying immunities in accordance with international law may be carried out.

(2) To enable anything to be done in order that the functions of a diplomatic mission or consular post of Belarus in the United Kingdom may be carried out.]

Textual Amendments

[F12Medical goods or servicesU.K.

14A.—(1) To enable anything to be done in connection with the provision of medical goods or services for the benefit of the civilian population of a country.

(2) To enable the import, export or use of medical goods.

(3) In paragraphs (1) and (2), “medical goods” includes medicines and medical devices.

Textual Amendments

FoodU.K.

14B.  To enable anything to be done in connection with the production or distribution of food for the benefit of the civilian population of a country.]

Textual Amendments

PART 3U.K.Insurance and reinsurance

Humanitarian assistance activityU.K.

15.  To enable anything to be done in connection with the performance of any humanitarian assistance activity.

Nuclear safetyU.K.

16.  To enable anything to be done for the purposes of nuclear safety.

Extraordinary situationU.K.

17.  To enable anything to be done to deal with an extraordinary situation.]

[F13Medical goods or servicesU.K.

18.—(1) To enable anything to be done in connection with the provision of medical goods or services for the benefit of the civilian population of a country.

(2) To enable the import, export or use of medical goods.

(3) In paragraphs (1) and (2), “medical goods” includes medicines and medical devices.

Textual Amendments

FoodU.K.

19.  To enable anything to be done in connection with the production or distribution of food for the benefit of the civilian population of a country.]

Textual Amendments

[F13PART 4U.K.Foreign exchange reserve and asset management services

Humanitarian assistance activityU.K.

20.  To enable anything to be done in connection with the performance of any humanitarian assistance activity.

Financial regulationU.K.

21.—(1) To enable anything to be done by, or on behalf of, a relevant financial authority for the purposes of the functions of that authority.

(2) In sub-paragraph (1), “relevant financial authority” means authorities involved in the regulation of financial services in the United Kingdom, including the Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England.

Financial stabilityU.K.

22.  To enable anything to be done by a person, following consultation by that person (or a person acting on their behalf) with the Bank of England, that is necessary or expedient in order to protect or enhance the stability of the financial system of the United Kingdom.

Safety and soundness of a firmU.K.

23.  To enable anything to be done by a person, following consultation by that person (or a person acting on their behalf) with the relevant supervising authority or authorities, that is necessary or expedient in order to promote the safety and soundness of a firm which is supervised by the Bank of England, the Prudential Regulation Authority or the Financial Conduct Authority.

Extraordinary situationU.K.

24.  To enable anything to be done to deal with an extraordinary situation.]