(This note is not part of the Order)
This Order amends the Terrorist Asset-Freezing etc. Act 2010 (Overseas Territories) Order 2011 (S.I. 2011/750) (as amended) (“the principal Order”). The principal Order extends, with modifications, Part 1 of the Terrorist-Asset Freezing etc. Act 2010 (“the Act”) to the Overseas Territories. The amendments in article 4(3) alter the definition of “designated person” in the principal Order so this includes:
(a)persons designated by the Treasury under Part 1 of the Act as it applies in the United Kingdom;
(b)persons designated by the Council of the European Union under Article 2(3) of Council Regulation (EC) 2580/2001 of 27 December 2001; and
(c)persons designated by the Governor of an Overseas Territory.
Such persons will be subject to the asset freeze regime provided for in the principal Order.
The amendments in article 4(4) to (6) introduce requirements for the Governor to consult the Secretary of State before designating any person under the Act (as extended by the principal Order). The amendments in article 4(8) introduce requirements for the Governor to consult the Treasury before granting, varying or revoking a licence in respect of a person described in paragraphs (a) and (b) above, and to consult the Secretary of State before granting, varying or revoking a licence in respect of a person described in paragraph (c) above.
The Order also makes other minor amendments to the principal Order.