PART 1

General

Application of prohibitions and requirements outside the United Kingdom
3
1
A United Kingdom person may contravene a relevant prohibition by conduct wholly or partly outside the United Kingdom.
2
Any person may contravene a relevant prohibition by conduct in the territorial sea.
3
In this regulation, a “relevant prohibition” means any prohibition imposed by—
a
regulation 9(2) (confidential information),
b
Part 3 (Finance), or
c
a condition of a Treasury licence.
4
A United Kingdom person may comply, or fail to comply, with a relevant requirement by conduct wholly or partly outside the United Kingdom.
5
Any person may comply, or fail to comply, with a relevant requirement by conduct in the territorial sea.
6
In this regulation, a “relevant requirement” means any requirement imposed—
a
by or under Part 6 (Information and records), or by reason of a request made under a power conferred by that Part, or
b
by a condition of a Treasury licence.
7
Nothing in this regulation is to be taken to prevent a relevant prohibition or a relevant requirement from applying to conduct (by any person) in the United Kingdom.
Reg. 3 in force at 26.4.2021 at noon, see reg. 1(2)