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The Central African Republic (Sanctions) (Overseas Territories) (Amendment) Order 2015 - Advisory Warning No. 15 of 2015 (16 December 2015)


Advisory Warning No. 15 of 2015

16 December, 2015

ADVISORY WARNING

 

The Central African Republic (Sanctions) (Overseas Territories) (Amendment) Order 2015

(U.K.S.I. 2015 No. 1380)

 

The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 8th July 2015, The Central African Republic (Sanctions) (Overseas Territories) (Amendment) Order 2015 (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 Central African Republic (Sanctions) (Overseas Territories) Order 2014 (“the Principal Order”).

AND NOTICE IS FURTHER GIVEN that this Order amends the Central African Republic (Sanctions) (Overseas Territories) Order 2014 (S.I. 2014/1368) (the “principal Order”) to give effect in specified Overseas Territories to certain provisions set out in the United Nations Security Council resolution 2196 (2015) adopted on 22nd January 2015 (“UNSCR 2196”). UNSCR 2196 renews, until 29th January 2016, the sanctions against the Central African Republic.

This Order reflects the implementation of those provisions by the European Union in Council Decision (CFSP) 2015/739 of 7 May 2015 and Council Regulation (EU) 2015/734 of the same date, which amend the provisions of Council Decision 2013/798/CFSP and Council Regulation (EU) No 224/2014 respectively.

UNSCR 2196 also adds certain exemptions to the arms embargo, to which this Order give effect.

The opportunity has also been taken to amend the definition of “funds” in article 3(1), and the exemptions to the asset freeze in article 5(1) of the principal Order to ensure consistency with the provisions of the EU legislation implementing the UN requirements.

This Order also makes minor corrections to the principal Order.

The United Nations Security Council Resolution 2196/2015 of 22nd January, 2015 may be viewed in its entirety at the following URL:

http://www.un.org/en/ga/search/view_doc.asp?symbol=S/RES/2196%282015%29

The European Union in Council Decision 2015/739 CFSP of 7th May, 2015 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32015D0739&rid=1

The European Union in Council Regulation 2015/734 of 7th May, 2015 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32015R0734&rid=1

The European Union in Council Decision 2013/798 CFSP of 23rd December, 2013 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32013D0798&rid=1

The European Union in Council Regulation 2014/224 of 7th May, 2015 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014R0224&rid=1

The Central African Republic (Sanctions) (Overseas Territories) (Amendment) Order 2015 may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2015/1380/made

Additional Links of Interest:

Consolidated list of financial sanctions targets in the UK – this link updates automatically as new Orders are ratified and extended to the Overseas Territories:

http://hmt-sanctions.s3.amazonaws.com/sanctionsconlist.pdf

List of all Sanctions Orders still enforced and extended to the Overseas Territories: 

http://www.legislation.gov.uk/all?title=sanctions

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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