The Federal Republic of Yugoslavia (Freezing of Funds and Prohibition on Investment) Regulations 1999
UK Statutory Instrument 1999 No. 1786 — creates 5 criminal offences.
- Made
- 24 June 1999
- In force from
- 25 June 1999
- Extent
- Not stated
- Subject
- International sanctions, export control and trade restrictions
- 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 breaches of certain provisions of Council Regulation (EC) No. 1294/99 of 15 June 1999 (“the EC Regulation”) are to be criminal offences. The provisions in question are: Article 3, which (except as permitted under Articles 7 and 8) provides for the freezing of funds of the governments of the Federal Republic of Yugoslavia and the Republic of Serbia, and prohibits the making of funds available to or for the benefit of those governments; Article 4, which (except as permitted under Articles 7 and 8) prohibits investment in real estate or entities within the Republic of Serbia or which are owned or controlled by the government of the Federal Republic of Yugoslavia or the Republic of Serbia; Article 5(1), which prohibits the knowing and intentional participation in activities the object or effect of which is to circumvent the provisions of Articles 3 and 4. Regulation 3 of these Regulations makes it an offence to provide false information in connection with a request for an authorisation under Article 8 of the EC Regulation. These Regulations make provision for information to be requested by or on behalf of the Treasury or the Bank of England for the purposes of ensuring compliance with the EC Regulation. Failure to provide such information, the provision of false information or the suppression of information is made a criminal offence. Provision is made with respect to penalties and proceedings for offences under the Regulations. The Federal Republic of Yugoslavia and Serbia (Freezing of Funds) Regulations 1998 and the Republic of Serbia (Prohibition on Investment) Regulations 1998 are revoked. Those Regulations gave effect to previous EC measures imposing sanctions in relation to the Federal Republic of Yugoslavia and Serbia (Council Regulations (EC) Nos 1295/98 and 1607/98) which have been repealed by Article 13 of the EC Regulation.
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 · Revoked · Requires proof of a state of mind
- c with intent to evade the provisions of this Schedule, destroys, mutilates, defaces, secretes or removes any… paragraph 2(c) of SCHEDULE · Revoked · Requires proof of a state of mind
- Breaches of the EC Regulation regulation 2 · Revoked · Mixed — some elements strict, some not
- Requests for authorisations etc regulation 3 · Revoked · Requires proof of a state of mind
- Requests for authorisations etc regulation 3(b) · Revoked · 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 1999