The Federal Republic of Yugoslavia (Freezing of Funds) Regulations 2001

UK Statutory Instrument 2001 No. 59 — creates 5 criminal offences.

5offences created

0recorded in force

5revoked

Made: 15 January 2001
In force from: 5 February 2001
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. 2488 of 2000 (“the EC Regulation”) are to be criminal offences. The provisions in question are: Article 1, which provides for the freezing of funds belonging to Mr Milosevic and persons associated with him, and prohibits the making of funds available to or for the benefit of those persons; Article 2(1), which prohibits the knowing and intentional participation in activities the object or effect of which is to circumvent the provisions of the EC Regulation; and Article 3, which requires banks, insurance companies and others to provide to the Treasury or the Bank of England and to the European Commission information which would facilitate compliance with the EC Regulation, but requires such information to be used only for the purposes for which it was provided or received. Regulation 3 of these Regulations makes it an offence to provide false information in connection with a request for an exemption under Article 4(3) 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 purpose 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. Unauthorised disclosure of information acquired under the Schedule is also made a criminal offence. Provision is made with respect to penalties and proceedings for offences under the Regulations. The Federal Republic of Yugoslavia (Freezing of Funds and Prohibition on Investment) Regulations 1999 are revoked. Those Regulations gave effect to a previous EC measure imposing sanctions in relation to the Federal Republic of Yugoslavia (Council Regulation (EC) No. 1294/99) which is repealed by Article 9 of the EC Regulation.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
Any person who, without reasonable excuse, discloses information or a document in contravention of paragraph (1) is… paragraph 3(2) of SCHEDULE · Revoked · Strict liability
Breaches of the EC Regulation regulation 2(1) · Revoked · Strict liability
Breaches of the EC Regulation regulation 2(2) · Revoked · Strict liability
Requests for exemptions etc regulation 3 · 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 2001