2017 No. 896

European Union
United Nations

The United Nations and European Union Financial Sanctions (Linking) (Amendment) Regulations 2017

Made

Laid before Parliament

Coming into force

The Treasury, in exercise of the power conferred by section 154(1) of the Policing and Crime Act 20171, make the following Regulations.

Citation and commencement1

These Regulations may be cited as the United Nations and European Union Financial Sanctions (Linking) (Amendment) Regulations 2017 and come into force at 2.30 p.m. on 8th September 2017.

Amendment to the United Nations and European Union Financial Sanctions (Linking) Regulations 20172

In the Schedule to the United Nations and European Union Financial Sanctions (Linking) Regulations 20172, in the entry in the second column which corresponds to United Nations Security Council Resolution 1718 (2006), for “Council Regulation (EC) No. 329/2007 of 27th March 2007 concerning restrictive measures against the Democratic People’s Republic of Korea”3 substitute “Council Regulation (EU) 2017/1509 of 30th August 2017 concerning restrictive measures against the Democratic People’s Republic of Korea and repealing Regulation (EC) No. 329/2007”4.

Heather WheelerMark SpencerTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend the United Nations and European Union Financial Sanctions (Linking) Regulations 2017 (S.I. 2017/478) (“the 2017 Regulations”) to refer to Council Regulation (EU) 2017/1509 of 30th August 2017 concerning restrictive measures against the Democratic People’s Republic of Korea (OJ L 224 31.8.2017, p. 1) as it repeals and replaces Council Regulation (EC) No. 329/2007 (OJ L 88 29.3.2007, p. 1) to which the 2017 Regulations previously referred.

An impact assessment has not been prepared for this instrument because no impact on the private or voluntary sector is foreseen.

Further information is available from the Office of Financial Sanctions Implementation, H. M. Treasury, 1 Horse Guards Road, London SW1A 2HQ and on H.M. Treasury website (www.gov.uk/government/organisations/hm-treasury).