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On 22 August 2013, the legislation.gov.uk website published SI 2013/2071 – The Libya (Asset-Freezing) (Amendment) Regulations 2013 which will come into force on 13 September 2013. The Regulations amend the Libya (Asset-Freezing) Regulations 2011 (S.I. 2011/605) (the 2011 Regulations). The 2011 Regulations make provision relating to the enforcement of Council Regulation (EC) No. 204/2011 of 2 March 2011 (OJ L 58, 3.3.2011, p.1) (the Council Regulation) concerning restrictive measures in view of the situation in Libya.
So far as is relevant, Council Regulation (EU) No. 488/2013 of 27 May 2013 amends an existing exemption to the asset freezing provisions in the Council Regulation to permit the crediting of funds, by any person, to frozen accounts in specified circumstances when the payments are due under judicial, administrative or arbitral liens, judgments or decisions as referred to in Article 8(1) and (2) of the Council Regulation. These Regulations amend the 2011 Regulations by making provision for the amendment to the existing exemption. |
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