keep The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 4) Regulations 2020
The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 4) Regulations 2020 amend multiple UK sanctions regulations (Iran, Venezuela, Burma, Guinea-Bissau, Belarus, Zimbabwe, Chemical Weapons, Syria, Russia, Burundi, Guinea, Cyber, Bosnia and Herzegovina, Nicaragua) by inserting a standard 'Exception for authorised conduct in a relevant country' provision. This creates an exception to asset-freeze and trade prohibitions where conduct in Channel Islands, Isle of Man, or British overseas territories is authorised under local law for the purpose of disapplying corresponding local prohibitions.
Britons would be worse off if this regulation was deleted because it is a deregulatory measure that reduces conflicts between UK sanctions and those of Crown Dependencies and British overseas territories. Without this exception, UK sanctions would create legal uncertainty for businesses operating across these jurisdictions, potentially driving economic activity away from UK-connected territories. The exception enables coordination rather than creating new prohibitions—it permits conduct that local authorities in these territories have already authorised, reducing regulatory conflicts without undermining the broader sanctions regime's objectives.