United Nations Sanctions (Libya) (Removal of Sanctions) (removalofsanctions)

L.N. 1 of 2012

NATIONAL INTEREST (ENABLING POWERS) ACT

(CAP. 365)

United Nations Sanctions (Libya) (Removal of Sanctions)

(Asset Freeze) Regulations, 2012

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 United Nations

Sanctions (Libya) (Removal of Sanctions) (Asset Freeze)

Regulations, 2012.

(Regulation 3)

Updated: 16 December 2011

SECURITY COUNCIL COMMITTEE ESTABLISHED PURSUANT TO

RESOLUTION 1970 (2011) CONCERNING LIBYA

LIST OF INDIVIDUALS AND ENTITIES

List of Individuals Subject to the Measures Imposed by

Paragraph 15 of Resolution 1970 (2011) (the Travel Ban) and/or

Paragraph 17 of Resolution 1970 (2011) or Paragraph 19 of Resolution 1973 (2011)

(the Assets Freeze)

On 26 February 2011, the Security Council adopted resolution 1970 (2011),

paragraph 15 of which reads as follows

“Travel ban

In these regulations, unless the context otherwise requires –

“the Act” means the National Interest (Enabling Powers)

Act;

“the Committee’’ means the Committee of Security

Council of the United Nations established pursuant to

paragraph 24 of the Resolution 1970 (2011);

“the Security Council’’ means the security Council of

the United Nations; and

“the Decision’’ means the Decision as referred to in

regulation 3 of these regulations;

For the purpose of article 3(4) of the Act, the Decision

adopted by the Security Council of the United Nations on the 16

December 2011, is published in the English language only in the

Schedule to these regulations;

(1) In pursuance of the Decision by the Security

Council of the United Nations on the 16 December 2011, and

saving the provisions of regulation 8 of the United Nations

Sanctions (Libyan Arab Jamahirija) (Further Sanctions)

Regulations, 2011, the Central Bank of Libya and the Libyan Arab

Foreign Bank (LAFB) shall be deleted from Annex II.

(2) In pursuance of the Decision by the Security Council

of the United Nations on the 16 December 2011, and saving the

provisions of regulation 5 of the United Nations Sanctions (Libyan

Arab Jamahirija) (Availability of Assets) Regulations, 2011,

the reference to the Central Bank of Libya and the Libyan Arab

Foreign Bank (LAFB), wherever they occur, shall be deleted.

Decides that all Member States shall take the necessary measures to

prevent the entry into or transit through their territories of individuals listed in

Annex I of this resolution or designated by the Committee established pursuant to

paragraph 24 below, provided that nothing in this paragraph shall oblige a State to

refuse its own nationals entry into its territory;”

Exemptions to the travel ban are set out in paragraph 16 of the same resolution.

Paragraph 17 of resolution 1970 (2011) reads as follows

“Asset freeze

Decides that all Member States shall freeze without delay all funds, other

financial assets and economic resources which are on their territories, which are

owned or controlled, directly or indirectly, by the individuals or entities listed in

annex II of this resolution or designated by the Committee established pursuant to

paragraph 24 below, or by individuals or entities acting on their behalf or at their

direction, or by entities owned or controlled by them, and decides further that all

Member States shall ensure that any funds, financial assets or economic resources

are prevented from being made available by their nationals or by any individuals

or entities within their territories, to or for the benefit of the individuals or entities

listed in Annex II of this resolution or individuals designated by the Committee;”

Exemptions to the assets freeze are set out in paragraphs 19, 20 and 21 of the

same resolution.

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