Council Regulation (EU) No 2016/44, as implemented by the Libya (Restrictive Measures) (Guernsey) Ordinance, 2016, the Libya (Restrictive Measures) (Alderney) Ordinance, 2016 and the Libya (Restrictive Measures) (Sark) Ordinance, 2016, has been amended by Council Regulation (EU) No 2017/1419 and Commission Implementing Regulation (EU) No 2017/1423. The amendments made by these Regulations are automatically effective in the Bailiwick.
The amending Regulation is available here: Council Regulation (EU) 2017/1419
The effect of the amendments made by the amending Regulation is to extend the application of existing restrictions to vessels loading, transporting or discharging petroleum, including crude oil and refined petroleum products, illicitly exported or attempted to be exported from Libya. Amendments are also made to the criteria for designating vessels that are subject of financial restrictions.
The Implementing Regulation is available here: Commission Implementing Regulation (EU) 2017/1423
The effect of the amendments made by the Implementing Regulation is to add one vessel to the list of vessels subject to financial restrictions.
MEASURES WHICH SHOULD BE TAKEN
All businesses must familiarise themselves with the legislation and check whether they have any kind of relationship that may relate to prohibited activity. Businesses must report any findings to the Policy and Resources Committee immediately. Businesses must also refrain from involvement in any prohibited activity unless this activity come within a permitted derogation and has been authorised by the Policy and Resources Committee.
The information referred to above is required by the Policy and Resources Committee in the exercise of its powers under the Schedule to the Ordinances referred to above.
Any information or queries should be sent to [email protected] with the subject line “Libya”.
Further information on the effect of asset freezes and related issues including licences is available on the States of Guernsey website at http://www.gov.gg/sanctions