2020 No. 219

Criminal Law

The Eritrea (Asset-Freezing) (Revocation) Regulations 2020

Made

Laid before Parliament

Coming into force

The Treasury are designated1 for the purposes of section 2(2) of the European Communities Act 19722 in relation to restrictive measures against persons or bodies listed by an international organisation.

The Treasury, in exercise of the power conferred by section 2(2) of the European Communities Act 1972, make the following Regulations.

Citation and commencement1

These Regulations may be cited as the Eritrea (Asset-Freezing) (Revocation) Regulations 2020 and come into force on 27th March 2020.

Revocation2

The Eritrea (Asset-Freezing) Regulations 20123 are revoked.

Iain StewartRebecca HarrisTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations revoke the Eritrea (Asset-Freezing) Regulations 2012 (S.I. 2012/1515) as the EU Regulation on which they are based has been repealed.

The Eritrea (Asset-Freezing) Regulations 2012 implemented in the United Kingdom Council Regulation (EU) 667/2010 (OJ L 195, 27.7.2010, p.16), which concerned restrictive measures in respect of Eritrea.

Council Regulation (EU) 2018/1932 (OJ L 314, 11.12.2018, p.8) repealed Council Regulation (EU) 667/2010, meaning that the UK implementing Regulations may now be revoked.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.

A list of persons subject to financial sanctions is available on the internet at: www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets or can be obtained from the Office of Financial Sanctions Implementation at H.M. Treasury, 1 Horse Guards Road, London SW1A 2HQ.

Further information about financial sanctions is available from the Office of Financial Sanctions Implementation, H. M. Treasury, 1 Horse Guards Road, London SW1A 2HQ and on the Office of Financial Sanctions Implementation website (https://www.gov.uk/government/organisations/office-of-financial-sanctions-implementation).