has effect in the United Kingdom) is an excluded person for the purposes of section 8B of  the Immigration Act 1971( a ) (as it has effect in the Isle of Man).”  10.  In regulation 18 (finance: exceptions from prohibitions)—  11.  For regulation 19 (finance: exception for authorised conduct in a relevant country)  substitute—  19. —(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.), the  prohibition is not contravened if the conduct is authorised by a licence issued under  regulation 21 (Treasury 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 (asset-freeze etc.) (“the  relevant prohibition”), the relevant prohibition is not contravened if the conduct is  authorised by a licence or other authorisation which is issued—  (3) In this regulation, “relevant country” means—  12.  For regulation 20 (exception for acts done for purposes of national security or prevention of  serious crime), substitute—  “ 20. —(1) Where an act would, in the absence of this paragraph, be prohibited by the  prohibition in regulation 9(2) (confidentiality) or any prohibition in Part 3 (Finance), that  prohibition does not apply to the act if the act is one which—  ( a ) 1971 c.77. Section 8B was inserted by the Immigration and Asylum Act 1999 (c.33), section 8 and amended by the  Immigration Act 2016 (c.19), section 76; and the Sanctions and Anti-Money Laundering Act 2018, section 59 and Schedule  3, Part 1. The Act was extended to the Isle of Man by S.I. 2008/680 (as amended).  ( b ) AT 8 of 2008.  ( c )  AT 16 of 2008.  ( d ) AT 6 of 1991.  ( e )  AT 14 of 2008.  4 (a) a UK responsible officer has determined would be in the interests of—  (i) national security, or  (b) any British overseas territory.”  (a) any of the Channel Islands;  (b) for the purpose of disapplying a prohibition in that jurisdiction which corresponds  to the relevant prohibition.  (a) under the law of the relevant country, and  (c) omit paragraph (8).  (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)( e ).”  (c) a person who is registered under the Moneylenders Act 1991 (of Tynwald)( d ) to  carry on the business of lending money, or  (b) a person who is authorised or registered under the Insurance Act 2008 (of  Tynwald)( c ) or who holds a permit under that Act,  (b) in paragraph (7), for the definition of “relevant institution” substitute—  (a) omit paragraph (6);  (a) a person who is licensed under the Financial Services Act 2008 (of Tynwald)( b ) to  carry on a regulated activity within the meaning of section 3 of that Act,  ““relevant institution” means—  “ Finance: exceptions for authorised conduct outside the Isle of Man 