Legislation – The Yemen (Sanctions) (EU Exit) Regulations 2020
PART 10Supplementary and final provision
Transitional provision: prior obligations71.
(1)
Where—
(a)
a person was named in Annex I of the EU Yemen Regulation immediately before the relevant date, and
(b)
the person is a designated person immediately before the relevant date,
any reference in a provision mentioned in paragraph (3) to the date on which a person became a designated person is a reference to the date on which the person was so named.
(2)
Where, immediately before the relevant date, a person was named by the Security Council or the Committee for the purposes of paragraph 11 of resolution 2140, any reference in a provision mentioned in paragraph (3) to the date on which a person became a designated person is to be read as a reference to the date on which the person was so named.
(3)
(a)
regulation 30(5) (finance: exceptions from prohibitions), and
(4)
In this regulation—
“designated person” has the same meaning as it has in Part 3 (Finance);
“the relevant date” means—
(a)
where regulations under section 56 of the Act provide that Part 3 comes into force at a specified time on a day, that time on that day;
(b)
otherwise, the date on which Part 3 comes into force.