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Council Decision (CFSP) 2016/475Show full title
Council Decision (CFSP) 2016/475 of 31 March 2016 amending Decision 2013/183/CFSP concerning restrictive measures against the Democratic People's Republic of Korea
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Changes over time for: Council Decision (CFSP) 2016/475 (without Annexes)
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Article 1U.K.
Council Decision 2013/183/CFSP is hereby amended as follows:
(1)
In Article 15 the following paragraph is added:
‘6.With regard to Korea National Insurance Corporation (KNIC):
(a)The relevant Member States may authorise the receipt by EU persons and entities of payments by KNIC provided that:
(i)
the payment is due:
in accordance with the provisions of a contract for insurance services provided by KNIC necessary for the activities of the EU person or entity in DPRK, or
in accordance with the provisions of a contract for insurance services provided by KNIC in respect of damage caused within the territory of the EU by any party to such contract;
(ii)
the payment is not directly or indirectly received by a person or entity referred to in paragraph 1; and
(iii)
the payment is not directly or indirectly related to activities prohibited under this Decision.
(b)The relevant Member States may authorise EU persons and entities to make payments to KNIC exclusively for the purpose of obtaining insurance services necessary for the activities of such persons or entities in DPRK provided that those activities are not prohibited under this Decision.
(c)No such authorisations shall be required for payments by or to KNIC which are necessary for the official purposes of a diplomatic or consular mission of a Member State in DPRK.
(d)Paragraph 1 shall not prevent KNIC from making a payment due under a contract concluded before its listing, provided that the relevant Member State has determined that:
(i)
the contract is not related to any of the prohibited items, materials, equipment, goods, technologies, assistance, training, financial assistance, investment, brokering or services referred to in this Decision;
(ii)
the payment is not directly or indirectly received by a person or entity referred to in paragraph 1.
A Member State shall inform the other Member States and the Commission of any authorisation granted under this paragraph.’.
(2)
Annex II is amended as set out in the Annex to this Decision.
Article 2U.K.
This Decision shall enter into force on the date of its publication in the Official Journal of the European Union.
Done at Brussels, 31 March 2016.
For the Council
The President
A.G. Koenders
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