The Republic of Serbia (Prohibition on Investment) Regulations 1998
UK Statutory Instrument 1998 No. 1873 — creates 3 criminal offences.
- Made
- 30 July 1998
- In force from
- 1 August 1998
- Extent
- Not stated
- Subject
- Miscellaneous
- Made under
- European Communities Act 1972
Explanatory note
(This note is not part of the Regulations) — published with the instrument by the department that made it. © Crown copyright, reused under the Open Government Licence v3.0.
These Regulations provide that any breach of Article 1 of Council Regulation (EC) No. 1607/98 of 24th July 1998 (“the EC Regulation”) is to be a criminal offence. Article 1 prohibits the making of new investments in the Republic of Serbia except where authorisation has been granted in accordance with Article 2 of the EC Regulation. Regulation 3 of these Regulations provides that such authorisations are to be granted by or on behalf of the Treasury, and makes it an offence to provide false information in connection with a request for an authorisation. These Regulations also make provision for information to be requested by or on behalf of the Treasury for the purposes of ensuring compliance with the EC Regulation, in accordance with Article 4 of that Regulation. Failure to provide such information, the provision of false information or the suppression of information is made a criminal offence. Provision is also made with respect to penalties and proceedings for offences under the Regulations. Finally, the Regulations make a minor amendment to the Federal Republic of Yugoslavia and Serbia (Freezing of Funds) Regulations 1998.
Offences created by this instrument
- Any person who— a without reasonable excuse, refuses or fails within the time and in the manner specified (or, if no… paragraph 2 of SCHEDULE · Status not determined · Requires proof of a state of mind
- Any person who commits a breach of Article 1 of the EC Regulation shall be guilty of an offence regulation 2 · Status not determined · Strict liability
- Authorisations regulation 3(2) · Status not determined · Requires proof of a state of mind
What Parliament said about it
Hansard was searched for this instrument by name and returned nothing. That is the ordinary outcome: an instrument laid under the negative procedure is usually never debated, and becomes law without a word said about it in either House.
How Parliament handled it
Parliament's Statutory Instruments service records procedure from May 2017 onwards, and this instrument predates it. That is a limit of the source, not a statement that nothing happened.
Check the source
- This instrument on legislation.gov.uk The authoritative text, including amendments made since
- Other instruments from 1998