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The Liberia (Asset-Freezing) (Revocation) Regulations 2016

Type Statutory-Instrument
Publication 2016-01-14
State In force
Department Queen's Printer of Acts of Parliament
Source legislation.gov.uk
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Made: 14th January 2016

Laid before Parliament: 15th January 2016

Coming into force: 5th February 2016

The Treasury, in exercise of powers conferred by that section, make the following Regulations:

Citation and commencement

1

These Regulations may be cited as the Liberia (Asset-Freezing) (Revocation) Regulations 2016 and shall come into force on 5th February 2016.

Revocation

2

The Liberia (Asset-Freezing) Regulations 2012[^f00003] are revoked.

Signed

Mel Stride — George Hollingbery — Two of the Lords Commissioners of Her Majesty’s Treasury — 14th January 2016

Explanatory note

(This note is not part of the Regulations)

EXPLANATORY NOTE

These Regulations revoke the Liberia (Asset-Freezing) Regulations 2012 (S.I. 2012/1516) as the EU Regulation on which they are based has been repealed.

The Liberia (Asset-Freezing) Regulations 2012 implemented in the United Kingdom Council Regulation (EC) 872/2004 (OJ No. L 162, 30.4.2004, p.32), which concerned the freezing of funds of the former Liberian President Charles Taylor and those persons and entities associated with him.

Council Regulation (EU) No. 2015/1776 (OJ No. L 259, 6.10.2015, p.1) repealed Council Regulation (EC) No. 872/2004, meaning that the UK implementing Regulations may now be revoked.

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.

[^f00003]: S.I. 2012/1516.

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