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The Zimbabwe (Sanctions) (Overseas Territories) (Suspension and Amendment) - Advisory Warning No. 14 of 2014 (13 August 2014)

Advisory Warning No. 14 of 2014

13 August, 2014

ADVISORY WARNING

 

The Zimbabwe (Sanctions) (Overseas Territories) (Suspension and Amendment)

Order 2013

(U.K.S.I. 2013 No. 1446)

 

Tortola, British Virgin Islands – 13 August 2014 The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 13th June, 2013, The Zimbabwe (Sanctions) (Overseas Territories) (Suspension and Amendment) 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 Zimbabwe (Sanctions) (Overseas Territories) Order 2012 (the “Principal Order”).

AND NOTICE IS FURTHER GIVEN that this Order suspends financial sanctions provisions of the Zimbabwe (Sanctions) (Overseas Territories) Order 2012 which gave effect in certain overseas territories to sanctions against Zimbabwe adopted by the Council of the European Union.

On 27th March 2013, by Council Decision 2013/160/CFSP, in view of positive political developments in Zimbabwe, the Council of the European Union decided to suspend, in relation to the majority of designated persons and entities, the application of all financial sanctions. The Council of the European Union will review the suspension every three months.

This Order also makes minor corrections to the principal Order.

The European Union in Council Decision 2013/160 CFSP of 27th March, 2013 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:090:0095:0098:EN:PDF

The Zimbabwe (Sanctions) (Overseas Territories) (Suspension and Amendment) Order 2013 may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2013/1446/made

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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