The Federal Republic of Yugoslavia (Freezing of Funds and Prohibition on Investment) (Amendment) Regulations 2000

• Citation: S.I. 2000/1367
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Federal Republic of Yugoslavia (Freezing of Funds and Prohibition on Investment) (Amendment) Regulations 2000, and shall come into force on the day after the day on which they are made.

Section 2 Amendment of the 1999 Regulations

The Federal Republic of Yugoslavia (Freezing of Funds and Prohibition on Investment) Regulations 1999 are amended as follows:

(a) for regulation 1(2)(b) there is substituted—

(b) “the EC Regulation ” means Council Regulation ( EC ) No. 1294/1999 of 15 June 1999 concerning a freeze of funds and a ban on investment in relation to the Federal Republic of Yugoslavia ( FRY ) , as amended by Council Regulation (EC) No. 723/2000 of 6 April 2000 .

(b) in regulation 2, the existing provision shall constitute paragraph (1) and the following paragraph is added—

(2) Any person who, without reasonable excuse, commits a breach of Article 6(1) of the EC Regulation shall be guilty of an offence.

(c) in regulation 3, for “Article 8(2)” there is substituted “Article 8(4)”;

(d) in regulation 5—

(i) in paragraph (1), for “regulation 2” there is substituted “regulation 2(1)”;

(ii) in paragraph (2), after “under” there is inserted “regulation 2(2) above or”;

(e) in the Schedule, in paragraph 1(2), for “Article 7(4)” there is substituted “ Article 7(5)”.