Sanctions (Monitoring Board) Regulations, 2006

L.N. 327 of 2006

NATIONAL INTEREST (ENABLING POWERS) ACT

(CAP. 365)

Sanctions (Monitoring Board) Regulations, 2006

IN exercise of the powers conferred by article 3 of the National

Interest (Enabling Powers) Act, the Prime Minister has made the

following regulations>-

The title of these regulations is the Sanctions (Monitoring Citation.

Board) Regulations, 2006.

(1) There shall be a Monitoring Board having the functions Monitoring Board,

composition

set out in this regulation.

and functions.

(2) The Monitoring Board shall be composed of a

representative of the Ministry of Foreign Affairs who shall be Chairman,

the Attorney General or his representative, a representative of the Office

of the Prime Minister, a representative of the Ministry responsible for

home affairs, a representative of the Ministry responsible for finance, a

representative of the Ministry responsible for trade services, a

representative of the Customs Department, a representative of the Central

Bank of Malta and a representative of the Malta Financial Services

Authority.

(3) The Monitoring Board shall have the function to monitor

the operation of regulations made under the National lnterest (Enabling

Powers) Act, hereinafter referred to as “the Act”, in accordance with

such directives as provided for under article 3(1), (3), (5), (6), (7) and

(8) of the Act with a view of harmonising practice thereon with that

followed by other States enforcing the sanctions relative to the same

regulations.

(4) The Monitoring Board shall at the end of each year, or

earlier if so requested, make a report of its activities to the Prime Minister.

A person may request the Monitoring Board to give a ruling Negative clearance.

on whether an action intended by him falls to be prohibited by any

particular regulation issued under the Act, and no liability shall attach

under any such regulations where a person has acted in conformity with

any such ruling.

No liability, criminal or civil, shall attach to any member of

the Monitoring Board for any action done in good faith as a member

thereof.

The members of the Monitoring Board shall regard any matter

coming to their knowledge in any request under regulation 3 as secret

and confidential, and shall not in any report made in accordance with

regulation 2(4), reveal the names or other identifying particulars known

to them in connection with a request for negative clearance made in

accordance with regulation 3.

The Sanctions (Monitoring Board) Regulations, 2000 are

hereby repealed.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press