As last captured

Sanctions and Anti-Money Laundering Act 2018 · CHAPTER 5 Miscellaneous

42 Suspension of prohibitions and requirements

s. 42 · in force: yes

Captured statutory text (L5)

42 Suspension of prohibitions and requirements

(1)An appropriate Minister may make regulations (“suspending regulations”) providing that—
(a)while the suspending regulations have effect, or
(b)for a specified period,
a specified prohibition or requirement of regulations under section 1 is not to have effect.
(2)In this section “specified” means specified in the suspending regulations.
(3)A period specified under subsection (1)(b) may be expressed in any way, including, for example, being expressed in a way such that—
(a)the period begins, or ends, when a specified condition is met, or
(b)the period begins when a specified condition is met and lasts for so long as the suspending regulations or a specified provision of those regulations has effect.
Full captured verbatim text
(1) An appropriate Minister may make regulations (“suspending regulations”) providing that—

(a) while the suspending regulations have effect, or

(b) for a specified period,

a specified prohibition or requirement of regulations under section 1 is not to have effect.

(2) In this section “specified” means specified in the suspending regulations.

(3) A period specified under subsection (1)(b) may be expressed in any way, including, for example, being expressed in a way such that—

(a) the period begins, or ends, when a specified condition is met, or

(b) the period begins when a specified condition is met and lasts for so long as the suspending regulations or a specified provision of those regulations has effect.

What this provision means

Model summary, checked against the text on the left.

Relevance to Signicat: 1/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

An appropriate Minister may make regulations suspending a specified prohibition or requirement of sanctions regulations.

Only the one-line summary above is stored for this provision; the text itself is the evidence.

Refers to

cross-reference internal_cite · s. 1

Referred to by

No captured references.

Part summaries

0 of 0 parts have a verified summary.

L1 unavailable for current verification: the overall summary needs every part verified. Provisions and the verified summaries remain readable.

Verification findings (153)

synthesis coverage: missing/unverified L2 part-1-chapter-1

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Instrument tier unavailable

Change history as published

S. 2 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 57(3), 69(3)

S. 18 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 63(1)(a), 69(3)

S. 24 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 62(1)(a), 69(3)

S. 28 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 62(1)(b), 69(3)

S. 30 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 62(1)(c), 69(3)

S. 32 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 63(1)(b), 69(3)

S. 46 omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 63(1)(c), 69(3)

S. 58 omitted (1.1.2024) by virtue of The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 88(3)

Pending effects amendments not yet applied to this text

s. 49 modified by Financial Services and Markets Act 2023 s. 77(1)(2) · Effective date unknown · s. 49

Provenance

Every claim the system makes about this text is traceable to these identifiers.

Instrument
uk:ukpga/2018/13
Part
CHAPTER 5 Miscellaneous
Version
bdd84c1dd9179d72500101d1…
Content hash
sha256 c4cc3871f07991a65148e74a…
Source
legislation.gov.uk/ukpga/2018/13