13.  In regulation 36 (brokering services: non-UK activity relating to dual-use goods and dual- use technology)— 

(a) in the heading, for “non-UK” substitute “non-IOM”; 

(b) in paragraph (1), for “non-UK country”, in each place it occurs, substitute “non-IOM country”; 

(c) for paragraph (4) substitute— 

“(4) In this regulation— 

“non-IOM country” means a country that is not the Isle of Man; 

“third country” means— 

(a) for the purposes of paragraph (1)(a) and (c), a country that is not the Isle of Man, the United Kingdom or Myanmar, and 

(b) for the purposes of any other provision of paragraph (1), a country that is not the Isle of Man or Myanmar.” 

14.  In regulation 38 (military activities or otherwise enabling or facilitating the conduct of armed hostilities)— 

(a) in paragraph (2)(d), for “non-UK country” substitute “non-IOM country”; 

(b) in paragraph (5), for the definition of “non-UK country” substitute— 

15.  In regulation 41 (finance: exceptions from prohibitions)— 

(a) omit paragraph (6); 

(b) in paragraph (7), for the definition of “relevant institution” substitute— 

““non-IOM country” means a country that is not the Isle of Man;”. 

““relevant institution” means— 

(a) a person who is licensed under the Financial Services Act 2008 (of Tynwald)( a ) to carry on a regulated activity within the meaning of section 3 of that Act, 

(b) a person who is authorised or registered under the Insurance Act 2008 (of Tynwald)( b ) or who holds a permit under that Act, 

(c) a person who is registered under the Moneylenders Act 1991 (of Tynwald)( c ) to carry on the business of lending money, or 

(d) a person who is acting as a trustee or an administrator of a retirement benefits scheme within the meaning of the Retirement Benefits Schemes Act 2000 (of Tynwald)( d ).” 

(c) omit paragraph (8). 

16.  For regulation 42 (exception for authorised conduct in a relevant country) substitute— 

## “ Exceptions for authorised conduct outside the Isle of Man 

42. —(1) Where a person’s conduct outside the Isle of Man would, in the absence of this paragraph, contravene a prohibition in any of regulations 11 to 15 (asset-freeze etc.) or Chapters 2 to 5 of Part 5 (Trade), the prohibition is not contravened if the conduct is authorised by a licence issued under regulation 44 (Treasury licences) (as it has effect in the United Kingdom) or regulation 45 (trade licences) (as it has effect in the United Kingdom). 

(2) Where a person’s conduct in a relevant country would, in the absence of this paragraph, contravene a prohibition in any of regulations 11 to 15 or Chapters 2 to 5 of Part 

