S.I. No. 544/2013 - Financial Transfers (Libya) (Prohibition) Order 2013.
Notice of the making of this Statutory Instrument was published in | ||
“Iris Oifigiúil” of 3rd January, 2014. | ||
I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by section 4 of the Financial Transfers Act 1992 (No. 27 of 1992) and for the purpose of giving full effect to Council Regulation (EU) No. 204/2011 of 2 March 20111 , as last amended by Council Regulation (EU) No. 488/2013 of 27 May 20132 , hereby order as follows: | ||
1. This Order may be cited as the Financial Transfers (Libya) (Prohibition) Order 2013. | ||
2. (1) In this Order “Council Regulation” means Council Regulation (EU) No. 204/2011 of 2 March 20111, as amended by— | ||
(a) Council Implementing Regulation (EU) No. 233/2011 of 10 March 20113 , | ||
(b) Council Implementing Regulation (EU) No. 272/2011 of 21 March 20114 , | ||
(c) Council Implementing Regulation (EU) No. 288/2011 of 23 March 20115 , | ||
(d) Council Regulation (EU) No. 296/2011 of 25 March 20116 , | ||
(e) Council Implementing Regulation (EU) No. 360/2011 of 12 April 20117 , | ||
(f) Council Implementing Regulation (EU) No. 502/2011 of 23 May 20118 , | ||
(h) Council Implementing Regulation (EU) No. 573/2011 of 16 June 201110 , | ||
(i) Council Implementing Regulation (EU) No. 804/2011 of 10 August 201111 , | ||
(j) Council Implementing Regulation (EU) No. 872/2011 of 1 September 201112 , | ||
(k) Council Implementing Regulation (EU) No. 925/2011 of 15 September 201113 , | ||
(l) Council Implementing Regulation (EU) No. 941/2011 of 22 September 201114 , | ||
(m) Council Regulation (EU) No. 965/2011 of 28 September 201115 , | ||
(n) Council Regulation (EU) No. 1139/2011 of 10 November 201116 , | ||
(o) Council Regulation (EU) No. 1360/2011 of 20 December 201117 , | ||
(p) Council Implementing Regulation (EU) No. 50/2013 of 22 January 201318 , | ||
(q) Council Implementing Regulation (EU) No. 364/2013 of 22 April 201319 , and | ||
(r) Council Regulation (EU) No. 488/2013 of 27 May 20132. | ||
(2) A word or expression used in this Order that is also used in the Council Regulation has, unless the context otherwise requires, the same meaning in this Order as it has in the Council Regulation. | ||
3. Subject to Article 4, a person shall not make a financial transfer between the State and another country the effect of which would be to enable or facilitate, directly or indirectly, the doing of any thing which is a contravention of the Council Regulation. | ||
4. Notwithstanding Article 3, a person who has been granted or deemed to have been granted an authorisation under Article 2(4), 3, 7, 8, 8a, 8b, 10 or 10a of the Council Regulation may, subject to compliance with the terms and conditions of such authorisation, do such of the things as are so authorised. | ||
5. A competent authority of the State may, for the purposes of supervision of financial transfers and for the administration and enforcement of the Council Regulation or this Order, give such directions or issue such instructions to a person as it sees fit. | ||
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6. A person to whom a direction has been given or an instruction issued under Article 5 of this Order shall comply with such direction or instruction. | ||
7. A person shall not do anything to directly or indirectly assist in the circumvention of the provisions of this Order. | ||
8. The Financial Transfers (Libya) (Prohibition) Order 2012 ( S.I. No. 14 of 2012 ) is revoked. | ||
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GIVEN under my Official Seal, | ||
18 December 2013. | ||
MICHAEL NOONAN, | ||
Minister for Finance. | ||
EXPLANATORY NOTE | ||
(This note is not part of the Instrument and does not purport to be a legal interpretation.) | ||
This Order provides for enforcement of financial sanctions prohibiting financial transfers between the State and another country, as outlined in Council Regulation (EU) No. 204/2011 of 2 March 2011, as amended, concerning restrictive measures against Libya. The sanctions include a prohibition on financial assistance related to the provision of military equipment or equipment which could be used for internal repression in Libya. The Council Regulation also provides for the freezing of funds and economic resources of persons and entities listed in Annexes II and III of the Council Regulation. | ||
The Order provides that the Central Bank of Ireland may issue instructions for the purpose of giving full effect to the financial sanctions. | ||
The Financial Transfers Act 1992 allows for control of financial transfers between the State and other countries, creates an offence for breach of the provisions of any Order made under it and provides for appropriate penalties. | ||
7 OJ No. L 100, 14.4.11, p. 12 8 OJ No. L 136, 24.5.11, p. 24 10 OJ No. L 159, 17.6.11, p. 5 11 OJ No. L 206, 11.8.11, p. 19 13 OJ No. L 241, 17.9.11, p. 1 14 OJ No. L 246, 23.9.11, p. 11 15 OJ No. L 253, 29.9.11, p. 8 16 OJ No. L 293, 11.11.11, p. 19 17 OJ No. L 341, 22.12.11, p. 18 |
