(1) This regulation applies if a person has made an application under regulation 13.
(2) The Minister may grant the permit only if:
(i) is satisfied that the use or dealing is for the purpose or purposes stated in the application; and
(ii) has consulted in advance with the Libyan government about the application; and
(iii) has given the Committee and the Libyan government notice of the application; and
(iv) has given the Committee notice that the controlled asset will not be made available to, or for the benefit of, a designated person; and
(b) the Committee has not made a negative decision in relation to the application within 5 working days after the notice mentioned in subparagraph ( a)(iii) is given; and
(c) the Libyan government has not objected to the proposed use or dealing within 5 working days after the notice mentioned in subparagraph ( a)(iii) is given.
(3) The permit is subject to any conditions specified in the permit.
Note: Section 13A of the Act applies to a permit granted by the
Minister under this regulation.