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← Sanctions and Anti-Money Laundering Act 2018

Sanctions and Anti-Money Laundering Act 2018 s 42

Sanctions and Anti-Money Laundering Act 2018 s 42

s 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.

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