uksi/2016/34 — The Liberia (Asset-Freezing) (Revocation) Regulations 2016

2016 No. 34 Criminal Law The Liberia (Asset-Freezing) (Revocation) Regulations 2016 Made 14th January 2016 Laid before Parliament 15th January 2016 Coming into force 5th February 2016 The Treasury are designated for the purposes of section 2(2) of the European Communities Act 1972 in relation to (i) measures relating to the interruption or reduction in part or completely, of economic relations with one or more countries which are not Member States, and (ii) measures relating to the movement of capital and to payments, between Member States and between Member States and countries which are not Member States; The Treasury, in exercise of powers conferred by that section, make the following Regulations: Citation and commencement 1 These Regulations may be cited as the Liberia (Asset-Freezing) (Revocation) Regulations 2016 and shall come into force on 5th February 2016. Revocation 2 The Liberia (Asset-Freezing) Regulations 2012 are revoked. Mel Stride George Hollingbery Two of the Lords Commissioners of Her Majesty’s Treasury 14th January 2016 EXPLANATORY NOTE (This note is not part of the Regulations) These Regulations revoke the Liberia (Asset-Freezing) Regulations 2012 ( S.I. 2012/1516 ) as the EU Regulation on which they are based has been repealed. The Liberia (Asset-Freezing) Regulations 2012 implemented in the United Kingdom Council Regulation ( EC ) 872/2004 ( OJ No. L 162, 30.4.2004, p.32), which concerned the freezing of funds of the former Liberian President Charles Taylor and those persons and entities associated with him. Council Regulation (EU) No. 2015/1776 (OJ No. L 259, 6.10.2015, p.1) repealed Council Regulation (EC) No. 872/2004 , meaning that the UK implementing Regulations may now be revoked.