IE
S.I. No. 559/2013 - Financial Transfers (Belarus) (Prohibition) Order 2013.
Table of Provisions (10)
Statutory Text (10 Articles)
1. This Order may be cited as the Financial Transfers (Belarus) (Prohibition) Order 2013.
2. (1) In this Order “Council Regulation” means Council Regulation (EC) No. 765/2006 of 18 May 20061 as amended by—
(
a
) Commission Regulation (EC) No. 1587/2006 of 23 October 2006
3
,
(
b
) Council Regulation (EC) No. 1791/2006 of 20 November 2006
4
,
(
c
) Council Regulation (EC) No. 646/2008 of 8 July 2008
5
,
(
d
) Council Implementing Regulation (EU) No. 84/2011 of 31 January 2011
6
,
(
e
) Council Implementing Regulation (EU) No. 271/2011 of 21 March 2011
7
,
(
f
) Council Implementing Regulation (EU) No. 505/2011 of 23 May 2011
8
,
(
g
) Council Regulation (EU) No. 588/2011 of 20 June 2011
9
,
(
h
) Council Regulation (EU) No. 999/2011 of 10 October 2011
10
,
(i) Council Implementing Regulation (EU) No. 1000/2011 of 10 October 2011
11
,
(
j
) Council Implementing Regulation (EU) No. 1320/2011 of 16 December 2011
12
,
(
k
) Council Regulation (EU) No. 114/2012 of 10 February 2012
13
,
(
l
) Council Implementing Regulation (EU) No. 170/2012 of 28 February 2012
14
,
(
m
) Council Implementing Regulation (EU) No. 265/2012 of 23 March 2012
15
,
(
n
) Council Regulation (EU) No. 354/2012 of 23 April 2012
16
,
(
o
) Council Regulation (EU) No. 1014/2012 of 6 November 2012
17
,
(
p
) Council Implementing Regulation (EU) No. 1017/2012 of 6 November 2012
18
,
(
q
) Council Implementing Regulation (EU) No. 494/2013 of 29 May 2013
19
, and
(
r
) Council Implementing Regulation (EU) No. 1054/2013 of 29 October 2013
2
.
(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. For the purposes of this Order and the Council Regulation the Central Bank of Ireland shall be the competent authority in the State.
4. Subject to Article 5, 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 anything which is a contravention of the Council Regulation.
5. Notwithstanding Article 4 of this Order, a person who—
(
a
) has received a prior approval under Article 1b,
(
b
) has been granted or is deemed to have been granted an authorisation under Article 3(1), 4a or 4b, or
(
c
) has been granted or is deemed to have been granted a specific authorisation under Article 3(2),
of the Council Regulation may, subject to compliance with the terms and conditions of the approval or authorisation as the case may be, do such of the things as are so authorised.
6. The Central Bank of Ireland 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.
7. A person to whom a direction has been given or an instruction issued under Article 6 of this Order shall comply with such direction or instruction.
8. A person shall not do anything to directly or indirectly assist in the circumvention of the provisions of this Order.
9. The Financial Transfers (Belarus) (Prohibition) Order 2012 (
S.I. No. 10 of 2012
) is revoked.
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 the enforcement of financial sanctions contained in Council Regulation (EC) No. 765/2006 of 18 May 2006, as amended, concerning restrictive measures in respect of Belarus. The sanctions impose an asset-freeze on President Lukashenko, the Belarusian leadership and officials responsible for violations of international electoral standards and international human rights law, as well as for the crackdown on civil society and democratic opposition.
The SI provides that the Central Bank of Ireland may issue instructions for the purpose of giving full effect to the financial sanctions.
It creates offences for breach of the Council Regulation or for failure to comply with the instructions of the Central Bank of Ireland with regard to implementation of the sanctions and it provides for appropriate penalties.
1 OJ No. L 134, 20.5.06, p.1
2 OJ No. L 288, 30.10.13, p.1
3 OJ No. L 294, 25.10.06, p.25
4 OJ No. L 363, 20.12.06, p. 1
5 OJ No. L 180, 9.7.08, p.5
6 OJ No. L 28, 2.2.11, p.17
7 OJ No. L 76, 22.3.11, p.13
8 OJ No. L 136, 24.5.11, p.48
9 OJ No. L 161, 21.6.11, p.1
10 OJ No. L 265, 11.10.11, p.6
11 OJ No. L 265, 11.10.11, p.8
12 OJ No. L 335, 17.12.11, p. 15
13 OJ No. L 38, 11.2.12, p. 3
14 OJ No. L 55, 29.2.12, p. 1
15 OJ No. L 87, 24.3.12, p. 37
16 OJ No. L 113, 25.4.12, p. 1
17 OJ No. L 307, 7.11.12, p. 1
18 OJ No. L 307, 7.11.12, p. 7
19 OJ No. L 143, 30.5.13, p. 1
Notice of the making of this Statutory Instrument was published in
“Iris Oifigiúil” of
3
rd 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 (EC) No. 765/2006 of 18 May 2006
1
, as last amended by Council Implementing Regulation (EU) No. 1054/2013 of 29 October 2013
2
, hereby order as follows