23.  In regulation 45 (trade licences)—  24.  In regulation 46 (licences: general provisions)—  25.  In regulation 47 (finance: licensing offences), for “Treasury licence”, in both places it  occurs, substitute “financial sanctions licence”.  26.  For regulation 49 (section 8B(1) to (3) of the Immigration Act 1971: directions) substitute—  49. —(1) The Governor may, with the consent of the Secretary of State, direct that, in  relation to any person falling within regulation 17 (immigration) whose name is specified,  or who is of a specified description, that regulation has effect subject to specified  exceptions.  (3) The Governor may, with the consent of the Secretary of State, vary, revoke or suspend  a direction under this regulation at any time.  (2) A direction under this regulation—  (4) On the issue, variation, revocation or suspension of a direction under this regulation,  the Governor may take such steps as the Governor considers appropriate to publicise the  issue, variation, revocation or suspension of the direction.  (5) In this regulation, “specified” means specified in a direction under this regulation.”  27.  In regulation 50 (finance: reporting obligations)—  28.  For regulation 51 (“relevant firm”) substitute—  “ 51. —(1) The following are relevant firms for the purposes of regulation 50 (finance:  reporting obligations)—  9 (a) a relevant institution;  (b) an undertaking that by way of business—  (i) operates a currency exchange office,  (ii) transmits money (or any representation of monetary value) by any means, or  (iii) cashes cheques that are made payable to customers;  (b) for paragraph (5) substitute—  (a) for “Treasury”, in each place it occurs, substitute “Governor”;  “(5) A relevant institution must inform the Governor without delay if that institution  credits a frozen account in accordance with regulation 41(4) (finance: exceptions from  prohibitions).”  (b) must be of a defined duration (and that duration may be expressed in any way,  including, for example, being expressed in a way such that the direction ceases to  have effect on, or within a specified period after, the occurrence of a specified  event).  (a) may contain conditions;  “ Immigration directions  (a) in paragraph (1), for “Treasury licences” substitute “financial sanctions licences”;  (b) in paragraph (5), after “a licence may” insert “, with the consent of the Secretary of  State,”.  (c) at the end insert—  (a) the existing text becomes paragraph (1);  (b) in that paragraph, for “Secretary of State” substitute “Governor”;  “(2) The Governor may issue a licence under paragraph (1) only with the consent of the  Secretary of State.” 