Amendments to regulation 19 (sale or purchase of bonds)

regulation 7 + 7.  In regulation 19 (sale or purchase of bonds)—

regulation 7 a + (a)in paragraph (1)—

regulation 7 a i + (i)for “Syrian bonds” substitute “Assad regime bonds”;

regulation 7 a ii + (ii)for “Syrian regime” substitute “Assad regime”;

regulation 7 a iii + (iii)for “after 19th January 2012” substitute “between 19th January 2012 and 8th December 2024”;

regulation 7 b + (b)in paragraph (2)—

regulation 7 b i + (i)for “Syrian bonds” substitute “Assad regime bonds”;

regulation 7 b ii + (ii)for “Syrian regime” substitute “Assad regime”;

regulation 7 b iii + (iii)for “after 19th January 2012” substitute “between 19th January 2012 and 8th December 2024”;

regulation 7 c + (c)in paragraph (3)—

regulation 7 c i + (i)for “issue Syrian bonds” substitute “sell or purchase Assad regime bonds”;

regulation 7 c ii + (ii)for “Syrian regime” substitute “Assad regime”;

regulation 7 d + (d)in paragraph (4)—

regulation 7 d i + (i)omit sub-paragraph (a);

regulation 7 d ii + (ii)for sub-paragraph (b) substitute “a Syrian credit or financial institution”;

regulation 7 d iii + (iii)in sub-paragraph (c) omit “(a) or”;

regulation 7 d iv + (iv)in sub-paragraph (d) omit “(a),”;

regulation 7 e + (e)in paragraph (7)—

regulation 7 e i + (i)for ““Syrian bonds”” substitute ““Assad regime bonds””;

regulation 7 e ii + (ii)for “Syrian regime” substitute “Assad regime”;

regulation 7 f + (f)after paragraph (7) insert—

“(8) For the purposes of this regulation, “Syrian credit or financial institution” means—

(a)a credit or financial institution domiciled in Syria; or

(b)a branch or subsidiary, wherever located, of a credit or financial institution domiciled in Syria.”.