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2. Subject to regulation 3, section 301 of the 2003 Act applies to a person in Scotland who is–
(a)subject to corresponding measures or corresponding requirements in a relevant territory; and
(b)not subject to the application of section 302 of the 2003 Act by virtue of regulations 4 and 5.
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Executive Note sets out a brief statement of the purpose of a Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2005 onwards.
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