News

The Zimbabwe (Sanctions)(Overseas Territories) Order 2012 - Advisory Warning No. 11 of 2013 (13 March 2013)

Advisory Warning No. 11 of 2013

 

13 March, 2013

 

ADVISORY WARNING

 

The Zimbabwe (Sanctions) (Overseas Territories) Order 2012

[U.K.S.I. 2012 No. 2753]

 

Tortola, British Virgin Islands – 13 March, 2013 – The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 7 February, 2013, The Zimbabwe (Sanctions) (Overseas Territories) Order 2012 (the “Order”) was ratified and extended to the Territory.

 

NOTICE IS HEREBY GIVEN that this Order has been extended to the Territory by virtue of Schedule 1 to the Order.

 

AND NOTICE IS FURTHER GIVEN that this Order gives effect in specified Overseas Territories to the measures adopted by the European Union in Council Decision 2011/101 CFSP, as amended, which replaced Common Position 2004/161/CFSP. The main provisions of the Council Decision are: a prohibition in respect of the sale or supply to Zimbabwe of arms and related materiel, including equipment which might be used for internal repression; a prohibition on the supply of technical assistance, training, financial and other specified forms of assistance; a freezing of funds and economic resources owned or controlled by persons or entities designated by the EU; and a prohibition on making funds and economic resources available to such designated persons or entities.

 

This Order revokes and replaces four previous orders; namely:

 

The Overseas Territories (Zimbabwe) (Restrictive Measures) Order 2002

[U.K.S.I. 2002/1077]

 

The Overseas Territories (Zimbabwe) (Restrictive Measures) (Amendment) Order 2002

[U.K.S.I. 2002/2627]

 

The Overseas Territories (Zimbabwe) (Restrictive Measures) (Amendment) Order 2004

[U.K.S.I. 2004/1111]

 

The Overseas Territories (Zimbabwe) (Restrictive Measures) (Amendment) Order 2005

[U.K.S.I. 2005/3183]

 

The European Union in Council Decision 2011/101 CFSP of 15 February 2011 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2011:042:0006:01:EN:HTML

The Zimbabwe (Sanctions) (Overseas Territories) Order 2012 [U.K.S.I. 2012 No. 2753] may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2012/2753/contents/made

Actions: E-mail | Permalink |

Contact Information

British Virgin Islands Financial Services Commission


Pasea Estate
P.O. Box 418
Road Town, Tortola, VG 1110
British Virgin Islands

Tel: 284-494-1324 or 284-494-4190 GMT – 4:00
Fax: 284-494-5016
Hours: Monday-Friday 8:30a.m. - 4:30p.m.
commissioner@bvifsc.vg