UK Offence Report

The Democratic People’s Republic of Korea (European Union Financial Sanctions) (Amendment) (No. 2) Regulations 2016 (revoked)

UK Statutory Instrument 2016 No. 634 — creates 2 criminal offences.

2offences created
0recorded in force
0revoked
Made
9 June 2016
In force from
11 June 2016
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 make provision relating to the enforcement of Council Regulation (EC) No 329/2007 dated 27th March 2007 (OJ L 88, 29.3.2007, p1), concerning restrictive measures against the Democratic People’s Republic of Korea (“DPRK”) (“the Council Regulation”). These measures include the freezing of funds and economic resources of designated persons, ensuring that funds and economic resources are not made available to them, and broader financial sanctions measures. Enforcement of these measures is provided for by the Democratic People’s Republic of Korea (European Union Financial Sanctions) Regulations 2013 (“the 2013 Regulations”). The Council Regulation was amended by Council Regulation (EU) No. 2016/682 (OJ L 117, 3.5.2016, p.1) which changed the asset freezing provisions and imposed additional financial sanctions measures relating to the activities of credit and financial institutions. The 2013 Regulations were accordingly amended by the Democratic People’s Republic of Korea (European Union Financial Sanctions) (Amendment) Regulations 2016. The Council Regulation has been further amended by Council Regulation (EC) No 2016/841 dated 28 May 2016 (OJ L 141, 28.5.2016, p36). The amendments impose additional financial sanctions measures relating DPRK. These Regulations amend the 2103 Regulations to include these additional financial sanctions measures. Regulations 3 and 4 provide for the imposition of additional financial sanctions measures in relation to investment in DPRK and with DPRK entities, trade and commerce with DPRK entities, and the transfer of funds to and from DPRK.

Offences created by this instrument

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.

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