The Syria (European Union Financial Sanctions) Regulations 2012

Made: at 11.00 a.m. on 19th January 2012

Laid before Parliament: at 2.30 p.m. on 19th January 2012

Coming into force: at 3.00 p.m. on 19th January 2012

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PART 1 — General

Citation, commencement and application

1

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Interpretation

2

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PART 2 — Funds and Economic Resources

Freezing of funds and economic resources

3

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Making funds available to a designated person

4

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Making funds available for the benefit of a designated person

5

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Making economic resources available to a designated person

6

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Making economic resources available for the benefit of a designated person

7

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Trade contract payments

8

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Credits to a frozen account

9

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Licences

10

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PART 3 — Restrictions on Financial Services

Sale or purchase of Syrian bonds

11

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Credit and financial institutions: accounts and correspondent banking relationships

12

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Agreements

13

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Acquisition or extension of ownership interest

14

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Insurance and reinsurance

15

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PART 4 — Offences

Contravention and circumvention of prohibitions

16

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Officers of a body corporate etc.

17

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Penalties

18

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Proceedings

19

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Consent to prosecution

20

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PART 5 — Miscellaneous

Information provisions

21

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Notices

22

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The Crown

23

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Revocations

24

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Saving

25

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SCHEDULE — Information provisions

Reporting obligations of relevant institutions and others

1

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Powers to request information

2

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Production of documents

3

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Failure to comply with request for information

4

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General power to disclose information

5

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Application of provisions

6

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Signed

Michael Fabricant — Jeremy Wright — Two of the Lords Commissioners of Her Majesty's Treasury

Explanatory note

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Footnotes

[^f00001]: S.I. 2010/1834.

[^f00002]: 1972 c.68. Section 2(2) was amended by section 27(1)(a) of the Legislative and Regulatory Reform Act 2006 (c.51) and the European Union (Amendment) Act 2008 (c.7), Schedule, Part 1. Paragraph 1A of Schedule 2 was inserted by section 28 of the Legislative and Regulatory Reform Act 2006 and amended by S.I. 2007/1388 and the European Union (Amendment) Act 2008, Schedule, Part 1.

[^f00003]: OJ L 16, 19.01.2012, p.1.

[^f00004]: 1981 c.61. Part 4 was amended by the British Overseas Territories Act 2002 (c.8), section 1(1)(b) and the Nationality, Immigration and Asylum Act 2002 (c.41), sections 15 and 161, Schedule 2, paragraph 1(i) and Schedule 9.

[^f00005]: 2000 c.8.

[^f00006]: As amended by S.I. 2006/3221.

[^f00007]: As amended by the Enterprise Act 2002 (c.40), section 278(1), Schedule 25, paragraph 40(1) and (19)(a), the Consumer Credit Act 2006 (c.14), section 33(9), S.I. 2003/2066 and S.I. 2007/3253.

[^f00008]: As amended by S.I. 2007/126 and S.I. 2007/3253.

[^f00009]: S.I. 2001/544 as amended, most recently by S.I. 2011/1613.

[^f00010]: 1995 c.46.

[^f00011]: 1947 c.44.

[^f00012]: S.I. 2011/1244.

[^f00013]: S.I. 2011/2479.

[^f00014]: 1998 c.29.

[^f00015]: 2000 c.23.

Editorial notes

[^key-ab0d23777d460fccd13295dde8dec6fb]: Regulations revoked (31.12.2020) by The Syria (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/792), regs. 1(3), 99(1); 2020 c. 1, Sch. 5 para. 1(1)

Central Bank of Syria

8A

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Credits to a frozen account

Licences

Syrian Arab Airlines

8B

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Credits to a frozen account

Licences