These new UK Regulations provide for the implementation and enforcement in the UK of the new sanctions regime to be adopted under Council Regulation (EU) 2018/1542 with effect from 16th October. The Council Regulation does not currently contain any designated persons to whom the new financial sanctions provisions apply, but the EU will designate persons by including them in Annex I in due course.
http://www.legislation.gov.uk/uksi/2018/1090/contents/made
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/748914/HM_Treasury_Notice_16-10-2018_CW__003___002_.pdf
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Author: raytodd2017
Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section
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