Document ID: chunk:federal_register_of_legislation:F2024C01132:reg:5
Version: federal_register_of_legislation:F2024C01132
Segment Type: reg
Provision Reference: reg 5
Character Range: 25437–27414

5  Sanctioned service

Services relating to a sanctioned supply
 (1) For these Regulations, a sanctioned service is the provision to a person of:
 (a) technical advice, assistance or training; or
 (b) financial assistance; or
 (c) a financial service; or
 (d) another service;
if it assists with, or is provided in relation to, a sanctioned supply.
 (1A) Subregulation (1) does not apply to a sanctioned supply of an export sanctioned good for Russia mentioned in paragraph (b) of the column headed "Goods" of item 3A of the table in subregulation 4(2) (certain items relating to oil).

Services relating to a sanctioned import
 (2) For these Regulations, a sanctioned service is also the provision to a person of:
 (a) financial assistance; or
 (b) a financial service;
if it assists with, or is provided in relation to, a sanctioned import.
 (2A) Subregulation (2) does not apply to a sanctioned import of an import sanctioned good for Russia mentioned in the column headed "Goods" of item 1A of the table in subregulation 4A(2) (arms or related matériel).

Services relating to a sanctioned commercial activity
 (2B) For these Regulations, a sanctioned service is also the provision to a person of an investment service if it assists with, or is provided in relation to, a sanctioned commercial activity.

Services relating to particular countries and particular activities
 (4) For these Regulations, a sanctioned service is also, for a country or part of a country mentioned in an item of the following table, the provision to the country or part of a country, or a person for use in the country or part of a country, of:
 (a) technical advice, assistance or training; or
 (b) financial assistance; or
 (c) a financial service; or
 (d) another service;
if it assists with, or is provided in relation to, an activity mentioned in the item.

Countries or parts of countries and activities
Item                                            Country or part of country  Activity