Source: http://www.legislation.gov.uk/uksi/2009/1495/made
Timestamp: 2017-10-23 09:51:16
Document Index: 504785587

Matched Legal Cases: ['art 4', 'art 2', 'art 3', 'art 4', 'art 5', 'art 6']

The Treasury make these Regulations under the powers conferred by section 2(2) of, and paragraph 1A of Schedule 2 to, the European Communities Act 1972(1).
The Treasury are designated(2) for the purposes of section 2(2) of that Act in relation to (i) measures relating to the movement of capital and to payments between Member States and between Member States and countries which are not Member States, and (ii) measures relating to the interruption or reduction, in part or completely, of economic relations with one or more countries which are not Member States.
These Regulations make provision for a purpose mentioned in section 2(2) of that Act and it appears to the Treasury that it is expedient for the reference to Council Regulation (EC) No. 194/2008 of 25th February 2008 renewing and strengthening the restrictive measures in respect of Burma/Myanmar and repealing Regulation (EC) No. 817/2006(3) to be construed as a reference to Council Regulation (EC) No. 194/2008 as amended from time to time.
(c)a British subject under Part 4 of the British Nationality Act 1981(4) with the right of abode in the United Kingdom; or
an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to the 2000 Act (EEA passport rights)(6) which has permission under paragraph 15 of that Schedule(7) as a result of qualifying for authorisation under paragraph 12 of that Schedule to accept deposits.
(b)any relevant order under that section(8); and
(b)payments due under contracts, agreements or obligations that were concluded or arose before the first date on which the account became subject to the provisions of Regulation (EC) No. 1081/2000(9), Regulation (EC) No. 798/2004(10), Regulation (EC) No. 817/2006(11) or the EC Regulation.
(b)section 136(3) of the Criminal Procedure (Scotland) Act 1995(12) (time limit for certain offences) applies for the purpose of this paragraph as it applies for the purpose of that section.
(3) Nothing in this regulation affects Her Majesty in her private capacity; and this is to be construed as if section 38(3) of the Crown Proceedings Act 1947(13) (meaning of Her Majesty in her private capacity) were contained in these Regulations.
24. These Regulations revoke the Burma (Financial Sanctions) Regulations 2005(14), the Burma (Freezing of Funds) (Amendment) Regulations 2003(15) and the Burma (Freezing of Funds) Regulations 2000(16).
(b)a person who has been a customer of the institution at any time on or after 24th May 2000(17); or
These Regulations enforce provisions of Council Regulation (EC) No. 194/2008 of 25th February 2008 (O.J. L 66, 10.3.2008, p.1) (“the EC Regulation”) which relate to restrictive measures imposed against persons listed by the Council as responsible in Burma/Myanmar for the lack of progress towards democratisation and continuing violations of human rights law.
The measures include the freezing of funds and economic resources of such persons and ensuring that any funds and economic resources are not made available to them or for their benefit. The measures also include restrictions on financing of certain enterprises.
The persons against whom the asset freeze measures are to apply are listed in Annex VI to the EC Regulation and the enterprises against whom the restrictions on financing are to apply are listed in Annexes V and VII. The Annexes are updated from time to time in accordance with Council Common Position 2007/750/CFSP of 19th November 2007 (O.J. L 308, 26.11.2007, p.1).
Part 2 defines designated persons (regulation 3) and provides for the Treasury to make directions designating a person (regulation 4).
Part 3 gives effect to Article 11(1) of the EC Regulation by prohibiting any dealing with funds and economic resources of designated persons (regulation 6) and to Article 11(2) of the EC Regulation by prohibiting the making of funds or economic resources available, directly or indirectly, to designated persons (regulation 7). Breach of either prohibition is a criminal offence, as is the circumvention of a prohibition (regulation 9).
Regulation 10 provides a licensing procedure, for the purposes of Article 13 of the EC Regulation, to enable, for humanitarian purposes, certain acts to be exempted from the prohibitions in regulations 6 and 7.
Part 4 defines designated enterprises as persons listed in Annex V or VII of the EC Regulation and provides for the Treasury to make directions identifying an enterprise as such.
Part 5 gives effect to Article 15(2) of the EC Regulation by prohibiting the financing of designated enterprises and makes it a criminal offence to contravene or circumvent the prohibition.
Part 6 includes provisions relating to penalties and proceedings.
The Schedule makes provisions about information gathering.
A list of designated persons and a list of designated enterprises are available on the Internet at: www.hm-treasury.gov.uk/fin_sanctions_index.htm.
An impact assessment on the effect that this instrument will have on the costs of business may be obtained from the Asset Freezing Unit, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ and is also available on HM Treasury’s website (www.hm-treasury.gov.uk). A copy of the impact assessment is annexed to the Explanatory Memorandum which is available on the OPSI website (www.opsi.gov.uk).
O.J. L 66, 10.3.2008, p.1. Regulation as amended by Commission Regulation (EC) No. 385/2008 of 29 April 2008 (O.J. L 116, 30.4.2008, p.5) and renewed and strengthened by Commission Regulation (EC) No. 353/2009 of 28 April 2009 (O.J. L 108, 29.4.2009, p.20).
Council Regulation (EC) No. 1081/2000 of 22 May 2000 prohibiting the sale, supply and export to Burma/Myanmar of equipment which might be used for internal repression or terrorism, and freezing the funds of certain persons related to important governmental functions in that country (O.J. L 22, 24.5.2000, p.29).
Council Regulation (EC) No. 798/2004 of 26 April 2004 renewing the restrictive measures in respect of Burma/Myanmar and repealing Regulation (EC) No. 1081/2000 (O.J. L 125, 28.4.2004, p.4).
Council Regulation (EC) No. 817/2006 renewing the restrictive measures in respect of Burma/Myanmar and repealing Regulation (EC) No. 798/2004 (O.J. L 148, 2.6.2006, p.1).
S.I. 2005/1526.
S.I.2003/1810.
S.I. 2000/1472.