News

Advisory Warning No. 4 of 2017 - The Democratic People's Republic of Korea (Sanctions) (Overseas Territories) (Amendment) (No. 3) Order 2016 (5 April 2017)

ADVISORY WARNING

 

The Democratic People's Republic of Korea (Sanctions) (Overseas Territories) (Amendment) (No. 3) Order 2016

(U.K.S.I. 2016 No. 991)

 
The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 9th November 2016, The Democratic People's Republic of Korea (Sanctions) (Overseas Territories) (Amendment) (No. 3) Order 2016 (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 Democratic People's Republic of Korea (Sanctions) (Overseas Territories) Order 2012 (the “Principal Order”).

AND NOTICE IS FURTHER GIVEN that United Nations and European Union sanctions against the Democratic People’s Republic of Korea are given effect in specified Overseas Territories in the Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) Order 2012 (S.I. 2012/3066), as amended. That Order was amended by the Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) (Amendment) Order 2016 (S.I. 2016/630) to implement sanctions adopted by the United Nations Security Council in resolution 2270.

Since resolution 2270, the European Union has adopted additional sanctions measures and made minor changes to the implementation by the European Union of the sanctions measures in that resolution. These were given effect in specified Overseas Territories by the Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2016 (S.I. 2016/769).

Most recently, the European Union has made some minor changes to the sanctions measures in Council Decision (CFSP) 2016/849, as amended by Council Decision (CFSP) 2016/1341, and Council Regulation (EC) No 329/2007, as most recently amended by Council Regulation (EU) 2016/1333. This Order reflects those changes.

The European Union in Council Decision (CFSP) 2016/849 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/eli/dec/2016/849/oj

The European Union in Council Regulation (EC) 329/2007 of 27th March, 2007 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2007:088:0001:0011:en:PDF    

The European Union in Council Regulation (EU) 2016/1333 of 4th August, 2016 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/eli/reg/2016/1333/oj

The European Union in Council Decision (CFSP) 2016/1341 of 4th August, 2016 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32016D1341

The United Nations Security Council Resolution 2270 (2016) may be viewed in its entirety at the following URL:

http://www.un.org/en/ga/search/view_doc.asp?symbol=S/RES/2270(2016)

The Democratic People's Republic of Korea (Sanctions) (Overseas Territories) (Amendment) Order 2016 may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2016/630/contents/made

The Democratic People's Republic of Korea (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2016 may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2016/769/made

The Democratic People's Republic of Korea (Sanctions) (Overseas Territories) (Amendment) (No. 3) Order 2016 may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2016/991/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