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The Syria (Restrictive Measures) (Overseas Territories) (Amendment) (No. 2) - Advisory Warning No. 9 of 2014 (13 August 2014)

Advisory Warning No. 9 of 2014

13 August, 2014

ADVISORY WARNING

 

The Syria (Restrictive Measures) (Overseas Territories) (Amendment) (No. 2)

Order 2013

(U.K.S.I. 2013 No. 2598)

 

Tortola, British Virgin Islands – 13 August 2014 - The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 9th October, 2013, The Syria (Restrictive Measures) (Overseas Territories) (Amendment) (No. 2) Order 2013 (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 Syria (Restrictive Measures) (Overseas Territories) (Amendment) Order 2012 (“the principal Order”).

AND NOTICE IS FURTHER GIVEN that this Order further amends the Syria (Restrictive Measures) (Overseas Territories) Order 2012 (“the principal Order”). The principal Order gives effect in specified Overseas Territories to sanctions in respect of Syria adopted by the European Union in Council Decision 2011/782/CFSP adopted on 1st December 2011.

This Order amends the principal Order to give effect to changes to the sanctions measures adopted by the European Union in Council Regulation (EU) No 697/2013, namely to reflect the exemptions introduced to the existing restrictions on the importation of crude oil and petroleum products from Syria, the financing of certain enterprises, and the opening by credit or financial institutions of new bank accounts or new representative offices in Syria, by enabling the Governor, with the consent of the Secretary of State, to grant licences for specified prohibited activities.

The European Union in Council Decision 2011/782 CFSP of 1st December, 2011 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2011:319:0056:0070:EN:PDF

The European Union in Council Regulation (EU) No 697/2013 of 22nd July, 2013 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:198:0028:0034:EN:PDF

The Syria (Restrictive Measures) (Overseas Territories) (Amendment) (No. 2) Order 2013 may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2013/2598/made

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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
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commissioner@bvifsc.vg