10.—(1) The Russia (Sanctions) (EU Exit) Regulations 2019 M1 are amended as follows.
(2) In the definition of “relevant loan” in regulation 17(5), for “exit day” substitute “ IP completion day ”.
(3) In regulation 21(1), omit the definition of “technology”.
(4) In regulation 25—
(a)in paragraph (1), omit sub-paragraph (d);
(b)in paragraph (3), omit sub-paragraph (c).
(5) In regulation 28—
(a)omit paragraphs (4) and (5);
(b)in paragraph (6), for “(5)” substitute “ (3) ”;
(c)in paragraph (7)—
(i)for “to (5)” substitute “ to (3) ”;
(ii)in sub-paragraph (a), for “, (2) or (4)” substitute “ or (2) ”;
(iii)at the end of sub-paragraph (b), for “;” substitute “ . ”;
(iv)omit sub-paragraph (c).
(6) In regulation 59(3)—
(a)for the definition of “non-restricted trade” substitute—
““non-restricted trade” means trade falling within any of the following descriptions, except to the extent that such trade is prohibited under these Regulations—
(a)the export of goods from the United Kingdom;
(b)the import of goods to the United Kingdom;
(c)services, other than financial services, which are provided—
(i)from a place in the United Kingdom to a place in a non-UK country, or
(ii)from a place in a non-UK country to a place in the United Kingdom;”
(b)at the appropriate place, insert—
““non-UK country” means a country that is not the United Kingdom.”
(7) In regulation 61(1), for “45” substitute “ 46 ”.
(8) In the heading of regulation 79, for “7” substitute “ 8 ”.
(9) In regulation 94(2), for “regulation 89(2)(a) to (d)” substitute “ regulation 89(2)(a) to (e) ”.
(10) In regulation 100, for “exit day”, in each place it occurs, substitute “ IP completion day ”.
(11) In regulation 101—
(a)for “exit day”, in each place it occurs, substitute “ IP completion day ”;
(b)in paragraph (3), after sub-paragraph (a)—
(i)omit “and”, and
(ii)insert—
“(aa)is not an existing trade licence, and”.
(12) In regulation 102, for “exit day”, in each place it occurs, substitute “ IP completion day ”.
(13) In regulation 103, for “exit day”, in both places it occurs, substitute “ IP completion day ”.
(14) In Schedule 3, in paragraph 1(3), in the definition of “the Tariff of the United Kingdom”, after the words “time to time” insert “ , including by any document published under regulations made under section 8(1) of the Taxation (Cross-border Trade) Act 2018 M2 replacing the same in whole or in part ”.
(15) In Schedule 5, in paragraphs 2(2)(b)(ii) and (iii), for “payments”, in both places it occurs, substitute “ payment ”.
Commencement Information
I1Reg. 10 in force at 31.12.2020 immediately after IP completion day by S.I. 2020/1514, reg. 4
Marginal Citations