The Republic of Maldives (Asset-Freezing) (Revocation) Regulations 2020

Publication Date:January 01, 2020
 
FREE EXCERPT

2020No. 221

CRIMINAL LAW

The Republic of Maldives (Asset-Freezing) (Revocation) Regulations 2020

Made4thMarch2020

Laid before Parliament6thMarch2020

Coming into force27thMarch2020

The Treasury are designated( 1) for the purposes of section 2(2) of the European Communities Act 1972( 2) in relation to restrictive measures against persons or bodies listed by an international organisation.

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 Republic of Maldives (Asset-Freezing) (Revocation) Regulations 2020 and come into force on 27th March 2020.

Revocation

2. The Republic of Maldives (Asset-Freezing) Regulations 2018( 3) are revoked.

4th March 2020

Iain Stewart

Maggie Throup

Two of the Lords Commissioners of Her Majesty's Treasury

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations revoke the Republic of Maldives (Asset-Freezing) Regulations 2018 ( S.I. 2018/861) as the EU Regulation on which they are based has been repealed.

The Republic of Maldives (Asset-Freezing) Regulations 2018 implemented in the United Kingdom Council Regulation (EU) 2018/1001 (OJ L 180, 17.7.2018, p.1), which concerned restrictive measures in view of the situation in the Republic of Maldives.

Council Regulation (EU) 2019/985 (OJ L 160, 18.6.2019, p.1) repealed Council Regulation (EU) 2018/1001, meaning that the UK implementing Regulations may now be revoked.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).

(1) S.I. 2010/1834.

(2) 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...

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