uksi/2017/218 — The Democratic People's Republic of Korea (European Union Financial Sanctions) Regulations 2017 (revoked)

2017 No. 218 Criminal Law The Democratic People's Republic of Korea (European Union Financial Sanctions) Regulations 2017 (revoked) Made at 1.30 p.m. on 28th February 2017 Laid before Parliament at 5.00 p.m. on 28th February 2017 Coming into force 1st March 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 1 General Citation, commencement and application 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interpretation 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 2 Funds and Economic Resources Freezing of funds and economic resources 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Making funds available to a designated person 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Making funds available for the benefit of a designated person 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Making economic resources available to a designated person 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Making economic resources available for the benefit of a designated person 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Funds and economic resources: Government of Democratic People's Republic of Korea and Worker's Party of Korea 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Persons listed in Annex XVII of the Council Regulation, the Foreign Trade Bank and the Korean National Insurance Company 8A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Credits to a frozen account 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 3 Restrictions on Financial Services and Markets Credit and financial institutions: accounts and correspondent banking relationships 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Credit and financial institutions: representative offices etc 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Acquisition or extension of ownership interest 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sale or purchase of bonds 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DPRK credit and financial institutions: branches, subsidiaries, and representative offices 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Severance of existing financial relationships 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Business directly or indirectly with designated persons 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Financial support for trade 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investment and commercial activities 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transfers of funds 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Authorisations 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank accounts for diplomats and diplomatic missions of the Democratic People's Republic of Korea 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Real property 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 4 Licences Licences 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 5 Offences Contravention and circumvention of prohibitions 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Officers of a body corporate etc. 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Penalties 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Proceedings 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Consent to prosecution 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PART 6 Miscellaneous Information provisions 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Notices 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The Crown 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Revocation 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Savings 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SCHEDULE Information Provisions Regulation 29 Reporting obligations of relevant institutions and others 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Powers to request information 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Production of documents 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Failure to comply with request for information 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . General power to disclose information 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Application of provisions 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .