Statutory Instruments
2013 No. 2071
Criminal Law
The Libya (Asset-Freezing) (Amendment) Regulations 2013
Made
20th August 2013
Laid before Parliament
22nd August 2013
Coming into force
13th September 2013
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 powers 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 Libya (Asset-Freezing) (Amendment) Regulations 2013 and come into force on 13th September 2013.
Amendments to the Libya (Asset-Freezing) Regulations 2011
2.The Libya (Asset-Freezing) Regulations 2011( 3 ) are amended as follows.
3. In regulation 8, for paragraph (1), substitute—
“ (1) The prohibitions in regulations 4 and 5 are not contravened by a person who credits a frozen account with—
(a) interest or other earnings due on the account,
(b) payments due under contracts, agreements or obligations that were concluded or arose before the account became a frozen account,
(c) payments due under a judicial, administrative or arbitral lien or judgment as referred to in Article 8(1) of the Council Regulation, or
(d) payments due under judicial, administrative or arbitral decisions rendered in the European Union or enforceable in the Member State concerned as referred to in Article 8(1) of the Council Regulation. ” ;
4. In regulation 8(3), after “1(b)” insert “, (c) or (d)”.
Anne Milton
Stephen Crabb
Two of the Lords Commissioners of Her Majesty’s Treasury
20th August 2013
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.
S.I. 2011/605 , amended by S.I. 2011/2390 .