(This note is not part of the Regulations)
These Regulations, which come into force at the time they are made, amend the Protection of Trading Interests (Authorisation) Regulations 2021 (S.I. 2021/132).
The amendments authorise compliance by a specified person, for a specified purpose, with a requirement or prohibition referred to in the first paragraph of Article 5 of Council Regulation (EC) No 2271/96 of 22 November 1996 protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom, amended by S.I. 2020/1660.
Laws of the United States of America may be found online at https://uscode.house.gov/ (for Acts) or https://ecfr.federalregister.gov/ (for Regulations).
The Office of Foreign Assets Control (“OFAC”) is part of the United States Department of the Treasury. Licences issued by OFAC are not readily available to the public.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary, or public sector is foreseen.
