United Nations Sanctions (Democratic People’s Republic of Korea) Amendment Regulations 2008

2008/390

Crest

United Nations Sanctions (Democratic People’s Republic of Korea) Amendment Regulations 2008

Anand Satyanand, Governor-General

Order in Council

At Wellington this 20th day of October 2008

Present:
The Right Hon Helen Clark presiding in Council

Pursuant to section 2 of the United Nations Act 1946, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.

Regulations

1 Title
  • These regulations are the United Nations Sanctions (Democratic People’s Republic of Korea) Amendment Regulations 2008.

2 Commencement
  • These regulations come into force on the 28th day after the date of their notification in the Gazette.

3 Principal regulations amended
4 Prohibition on dealings in assets, money, or securities of, or derived from property of, designated persons
5 Prohibition on sending funds, etc, to designated persons
6 New regulation 16A
  • The following regulation is inserted after regulation 16:

    16A Exceptions to regulations 15 and 16
    • (1) Nothing in regulation 15(1) or 16(1) applies to any dealing authorised by a consent under subclause (2).

      (2) The Minister may consent to any dealing with any asset, money, or security if the Minister is satisfied that the dealing—

      • (a) is necessary for basic expenses within the meaning of paragraph 9(a) of the resolution and is authorised under that paragraph; or

      • (b) is necessary for extraordinary expenses within the meaning of paragraph 9(b) of the resolution and is authorised under that paragraph; or

      • (c) is authorised under paragraph 9(c) of the resolution (which relates to assets, money, or securities subject to judicial, administrative, or arbitral liens or judgments).

Rebecca Kitteridge,
Clerk of the Executive Council.


Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come in force on the 28th day after the date of their notification in the Gazette, amend the United Nations Sanctions (Democratic People's Republic of Korea) Regulations 2006. The amendments clarify the exceptions to the asset freeze sanctions that are permitted by resolution 1718 of the Security Council of the United Nations.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 23 October 2008.

These regulations are administered by the Ministry of Foreign Affairs and Trade.