Part 8: Financial sanctions Section 156: Extension to the Bailiwick of Guernsey, Isle of Man and BOTs
Sections 152 to 155 provide for the swift implementation of UN-mandated measures within the UK. The UK’s international treaty obligations and risk of asset flight are also issues for the Crown Dependencies and British Overseas Territories. This section enables the temporary deemed designation and temporary regime measures to be extended, insofar as that is necessary, to Guernsey, the Isle of Man and the 14 British Overseas Territories ("BOTs"). Jersey has enacted its own legislation dealing with temporary deemed designations and temporary regimes: the United Nations Financial Sanctions (Jersey) Law 201, passed on 29 November 2016.
	Subsection (1) provides for temporary regimes, as provided for in section 152, to be extended to the Guernsey, the Isle of Man and the BOTs, with or without modification, by Order in Council.
	Subsection (2) provides for the temporary deemed designation of UN designated persons not yet designated by the EU, as provided for in sections 154 and 155, to be extended, insofar as that is necessary, to Guernsey, the Isle of Man and the BOTs, with or without modification, by Order in Council.
	Currently, due to the need for an EU financial sanctions Regulation, an Order in Council to extend that Regulation to Guernsey, the Isle of Man and the BOTs (if necessary), and for any subsequent legislative steps in those territories to be taken in order to implement a UN financial sanctions Resolution in those territories, there is a risk that more than 60 days may be required to put a new regime in place. In recognition of that, subsections (4) and (5) enable an Order in Council to extend the duration of a temporary regime made under section 152 for up to 120 days, in Guernsey, the Isle of Man and the BOTs only. This will ensure that there is no gap in UN-mandated financial sanctions in Guernsey, the Isle of Man and the BOTs.