The Eritrea (Asset-Freezing) (Revocation) Regulations 2020

Made: 4th March 2020

Laid before Parliament: 6th March 2020

Coming into force: 27th March 2020

The Treasury, in exercise of the power conferred by section 2(2) of the European Communities Act 1972, make the following Regulations.

Citation and commencement

1

These Regulations may be cited as the Eritrea (Asset-Freezing) (Revocation) Regulations 2020 and come into force on 27th March 2020.

Revocation

2

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

Signed

Iain Stewart — Rebecca Harris — Two of the Lords Commissioners of Her Majesty’s Treasury — 4th March 2020

Explanatory note

(This note is not part of the Regulations)

EXPLANATORY NOTE

These Regulations revoke the Eritrea (Asset-Freezing) Regulations 2012 (S.I. 2012/1515) as the EU Regulation on which they are based has been repealed.

The Eritrea (Asset-Freezing) Regulations 2012 implemented in the United Kingdom Council Regulation(EU) 667/2010(OJ L 195, 27.7.2010, p.16), which concerned restrictive measures in respect of Eritrea.

Council Regulation (EU) 2018/1932 (OJ L 314, 11.12.2018, p.8) repealed Council Regulation(EU) 667/2010, meaning that the UK implementing Regulations may now be revoked.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.

A list of persons subject to financial sanctions is available on the internet at: www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets or can be obtained from the Office of Financial Sanctions Implementation at H.M. Treasury, 1 Horse Guards Road, London SW1A 2HQ.

Further information about financial sanctions is available from the Office of Financial Sanctions Implementation, H. M. Treasury, 1 Horse Guards Road, London SW1A 2HQ and on the Office of Financial Sanctions Implementation website (https://www.gov.uk/government/organisations/office-of-financial-sanctions-implementation).

Footnotes

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

[^f00002]: 1972 c. 68. The European Communities Act 1972 was repealed by section 1 of the European Union (Withdrawal) Act 2018 (c. 16) with effect from exit day, but saved with modifications until IP completion day by section 1A of that Act (as inserted by section 1 of the European Union (Withdrawal Agreement) Act 2020 (c. 1)). Section 2(2) of the European Communities Act 1972 was amended by section 27(1) of the Legislative and Regulatory Reform Act 2006 (c.51) and by section 3(3) of, and Part 1 of the Schedule to, the European Union (Amendment) Act 2008 (c. 7).

[^f00003]: S.I. 2012/1515; amended by S.I. 2017/560 S.I. 2017/754, S.I. 2013/534, S.I. 2013/472 and S.I. 2018/682.