The Landsbanki Freezing (Amendment) Order 2008

• Citation: S.I. 2008/2766
• Sections: 8

Section 1 Citation and commencement

This Order may be cited as the Landsbanki Freezing (Amendment) Order 2008 and comes into force on 21st October 2008.

Section 2 Amendments to the Landsbanki Freezing Order

The Landsbanki Freezing Order 2008 is amended as follows.

Section 3 Amendments to the Landsbanki Freezing Order

In article 1—

(a) in paragraph (2) insert at the beginning “Subject to paragraph (3),”;

(b) in paragraph (3) for “An offence may be committed under this Order by” substitute “The prohibitions imposed by article 4 apply to the following persons”.

Section 4 Amendments to the Landsbanki Freezing Order

In article 3—

(a) in paragraph (1) after “this Order” insert “(being persons believed by the Treasury to have taken or be likely to take action to the detriment of the United Kingdom’s economy (or part of it))”;

(b) in paragraph (2) after “must” insert “, as soon as is practicable,”.

Section 5 Amendments to the Landsbanki Freezing Order

In article 5(1) after “A person” insert “referred to in article 1(3)”.

Section 6 Amendments to the Landsbanki Freezing Order

In article 9(2) for “Schedule 2” substitute “the Schedule”.

Section 7 Amendments to the Landsbanki Freezing Order

Omit article 13.

Section 8 Amendments to the Landsbanki Freezing Order

In the Schedule—

(a) in paragraph 2 after “disclose” insert “to the Treasury”;

(b) in paragraph 3—

(i) after “ 3. ” insert “—(1)”;

(ii) in sub-paragraph (b) for the references to ‘person’ substitute ‘relevant institution’;

(c) in paragraph 6—

(i) omit “—(1)”;

(ii) in sub-paragraph (b) for “relation” substitute “response”.