SCHEDULE 2Modifications to be made in the extension of the Iran (Sanctions) Regulations 2023 to each British overseas territory listed in Schedule 1

71

In regulation 98 (transitional provisions: Treasury licences)—

a

in the heading, for “Treasury licences” substitute “financial sanctions licences”;

b

in paragraphs (1), (3), (4) and (5), for “the 2019 Regulations”, at each place it occurs, substitute “the modified 2019 Regulations”;

c

in paragraph (1) and (2), for “Treasury” substitute “Governor”;

d

in paragraphs (2) and (6), for “(Treasury licences)” substitute “(financial sanctions licences)”.