The Libya (Financial Sanctions) Order 2011 (revoked)

UK Statutory Instrument 2011 No. 548 — creates 6 criminal offences.

6offences created

0recorded in force

0revoked

Made: 27 February 2011
In force from: 28 February 2011
Extent: Not stated
Subject: International sanctions, export control and trade restrictions
Made under: Her by section 1 of the United Nations Act 1946

Explanatory note

(This note is not part of the Order) — published with the instrument by the department that made it. © Crown copyright, reused under the Open Government Licence v3.0.

This Order, made under section 1 of the United Nations Act 1946, gives effect in the United Kingdom to certain provisions of Resolution 1970 (2011) of the Security Council of the United Nations adopted on 26 January 2011 (“the Security Council Resolution”), in response to the situation in Libya. The Security Council Resolution requires states to take measures to freeze the assets of persons listed in Annex II of the Resolution, or designated by the Committee of the Security Council established under the Security Council Resolution. Article 2 defines designated persons as any person named in Annex II to the Security Council Resolution or designated by the Committee established under the Security Council Resolution. Articles 3 to 7 provide prohibitions against dealing with the funds, financial assets or economic resources of a designated person, or making funds, financial assets or economic resources available to, or for the benefit of, a designated person. Article 8 provides an exception to the prohibitions in articles 3 to 5 in the circumstances set out in the Security Council Resolution where a relevant institution credits a frozen account for a permitted reason. Article 9 provides a licensing procedure to enable funds, financial assets and economic resources to be exempted from the prohibitions. Article 10 creates offences when the prohibitions in articles 3 to 7 are contravened. Articles 13 to 16 contain provisions about penalties, proceedings and who, in relation to bodies corporate and other bodies, may be prosecuted for an offence under the Order. The Schedule makes provision for information gathering and information disclosure. A list of designated persons is available on the Internet at: www.hm-treasury.gov.uk/fin_sanctions_index.htm. Further information is available from the Asset Freezing Unit, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ and on the HM Treasury website (www.hm-treasury.gov.uk).

Offences created by this instrument

Contravention and circumvention of prohibitions article 10(1) · Status not determined · Mixed — some elements strict, some not
Contravention and circumvention of prohibitions article 10(2) · Status not determined · Requires proof of a state of mind
Licences article 9(5) · Status not determined · Requires proof of a state of mind
Licences article 9(6) · Status not determined · Strict liability
Reporting obligations of relevant institutions paragraph 1(5) of SCHEDULE · Status not determined · Strict liability
Failure to comply with request for information paragraph 4(1) of SCHEDULE · 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 2011