The Venezuela (Sanctions) (Overseas Territories) Order 2020

[^key-480d722cd80f9f5cccffbe8ccf99c8e4]: Words in Sch. 2 para. 26 inserted (11.12.2025) by The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025 (S.I. 2025/1307), art. 1(1), Sch. 2 para. 5(b)

[^key-a656ab722f9ea5e22c6181c05207a6e6]: Word in Sch. 2 para. 26 omitted (11.12.2025) by virtue of The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025 (S.I. 2025/1307), art. 1(1), Sch. 2 para. 5(c)(i)

[^key-4f24a4736fd82885c4639f73a965942b]: Words in Sch. 2 para. 26 inserted (11.12.2025) by The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025 (S.I. 2025/1307), art. 1(1), Sch. 2 para. 5(c)(ii)

[^key-9517be069ac8584d8992ca984fee1111]: Words in Sch. 2 para. 60(c) substituted (11.12.2025) by The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025 (S.I. 2025/1307), art. 1(1), Sch. 2 para. 7(a)

[^key-5db4d27bbcc779ee72ce6993fbe9e996]: Sch. 2 para. 60(d) substituted (11.12.2025) by The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025 (S.I. 2025/1307), art. 1(1), Sch. 2 para. 7(b)

[^key-46239a87d6ba8ff637ee9532c661ffbe]: Sch. 2 para. 60(e) inserted (11.12.2025) by The Sanctions (Miscellaneous Amendments) (Overseas Territories) Order 2025 (S.I. 2025/1307), art. 1(1), Sch. 2 para. 7(c)

6A

Omit regulation 5A (conditions for the designation of persons by name) (including the heading).

17A

For regulation 33ZA (finance: exception from prohibitions for required payments) substitute—

(33ZA) (1) This regulation applies to required payments within the meaning of paragraph (2). (2) A required payment is a payment which a designated person is required to make under or by virtue of any enactment which applies in the Territory to— (a) a government department or body, (b) a customs authority, (c) a revenue authority, (d) a registrar of companies, (e) a financial regulator, (f) a land authority, or (g) a consolidated fund. (3) The prohibitions in regulations 11 (asset freeze in relation to designated persons) and 13 (making funds available for benefit of designated persons) are not contravened by a person making a required payment. (4) Where a required payment is made by a person other than a designated person, the prohibition in regulation 11 is not contravened by the designated person making a reimbursement payment to that person. (5) The reference in paragraph (3) to a person making a required payment includes a designated person, but only where they are making a required payment on their own behalf. (6) For the purposes of this regulation, references to a designated person are to be read as including a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by the designated person. (7) In this regulation— - “designated person” has the same meaning as it has in Part 3 (finance); - “reimbursement payment” means a repayment from the designated person to the person who made a required payment which is of the same amount as that required payment.

25A

In regulation 41A (finance: reporting obligations for required payments)—

• (a) in paragraphs (1), (2) and (3), for “Treasury” substitute “Governor”;

• (b) in paragraph (5), for “33ZA(8)”, in both places it occurs, substitute “33ZA(7)”.

34A

For regulation 49A (finance: disclosure to the Treasury) substitute—

(49A) (1) A relevant public authority may disclose information to the Governor or an authorised officer if the disclosure is made for the purpose of enabling or assisting the Governor or the authorised officer to discharge any of their functions in connection with any sanctions regulations contained in these Regulations. (2) In this regulation, “relevant public authority” means— (a) any person holding or acting in any office under or in the service of— (i) the Crown in right of the Government of the United Kingdom; (ii) the Crown in right of the Government of the Territory, or (b) any other person exercising functions of a public nature.