The Control of Gold, Securities, Payments and Credits (Serbia and Montenegro) Directions 1992

• Citation: S.I. 1992/1265
• Sections: 2

Section 1

These directions may be cited as the Control of Gold, Securities, Payments and Credits (Serbia and Montenegro) Directions 1992 and shall come into force on 1st June 1992.

Section 2

Except with permission granted by or on behalf of the Treasury, no order given by or on behalf of the government of or any person resident in Serbia and Montenegro at the time of the coming into force of these directions or at any later time while these directions are in force, shall be carried out, insofar as the order—

(i) requires the person to whom the order is given to make any payment or to part with any gold or securities; or

(ii) requires any change to be made in the persons to whose credit any sum is to stand or to whose order any gold or securities is to be held.