LegalizeThe Protection of Trading Interests (Authorisation) (Amendment) Regulations 2024
Made: 24th April 2024
Coming into force: 25th April 2024
The Secretary of State makes the following Regulations in exercise of the powers conferred by Article 5, second paragraph, point (a), of Council Regulation (EC) No 2271/96 of 22 November 1996 protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom[^f00001].
Citation, commencement and extent
1
- (1) These Regulations may be cited as the Protection of Trading Interests (Authorisation) (Amendment) Regulations 2024.
- (2) These Regulations come into force on 25th April 2024.
- (3) These Regulations extend to England and Wales, Scotland and Northern Ireland.
Amendment of the Protection of Trading Interests (Authorisation) Regulations 2021
2
- (1) The table in the Schedule to the Protection of Trading Interests (Authorisation) Regulations 2021[^f00002] is amended as follows.
- (2) Underneath row 3, relating to AlixPartners UK LLP, insert—
| 4 | Agman Holdings Limited, a private limited company registered in England and Wales (company number 03901524) and E D & F Man Holdings Limited, a private limited company registered in England and Wales (company number 03909548) | Until 25 April 2026: complying with the request for documents and information by the U.S. Commodity Futures Trading Commission, in a letter dated 8 August 2023, to the parents and subsidiaries of E D & F Man Holdings Limited complying with the grand jury subpoena issued to E D & F Man Sugar Inc. and E D & F Man Holdings Inc., dated 23 June 2023, by the United States District Court for the Southern District of New York | Title I of the Helms-Burton Act (strengthening international sanctions against the Castro Government) and the United States Cuban Assets Control Regulations. |
|---|---|---|---|
Signed
Signed by authority of the Secretary of State for Business and Trade
Alan Mak — Minister for Industry and Economic Security — Department for Business and Trade — 24th April 2024
Explanatory note
(This note is not part of the Regulations)
EXPLANATORY NOTE
These Regulations amend the Protection of Trading Interests (Authorisation) Regulations 2021 (S.I. 2021/132) (“the 2021 Regulations”).
The 2021 Regulations authorise compliance by specified persons, for specified purposes, with requirements or prohibitions referred to in the first paragraph of Article 5 of Council Regulation (EC) No 2271/96 of 22 November 1996 protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom (EUR 1996/2271).
Regulation 2 provides for a new authorisation for Agman Holdings Limited and E D & F Man Holdings Limited.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.
Footnotes
[^f00001]: EUR 1996/2271, amended by S.I. 2020/1660.
[^f00002]: S.I. 2021/132, amended by S.I. 2022/545, 2022/873, 2023/71.
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