Financial Transfers (Syria) (Prohibition) (No.4) Order 2011.

Publication Date:27 Dec 2011

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 27th December, 2011.

I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by section 4 of the Financial Transfers Act 1992 (No. 27 of 1992) and for the purpose of giving full effect to Council Regulation (EU) No. 442/2011 of 9 May 20111 , hereby order as follows:

1. This Order may be cited as the Financial Transfers (Syria) (Prohibition) (No.4) Order 2011.

2. (1) In this Order “Council Regulation” means Council Regulation (EU) No. 442/2011 of 9 May 20111, as amended by the following:

(a) Council Implementing Regulation (EU) No. 504/2011 of 23 May 2011;

(b) Council Implementing Regulation (EU) No. 611/2011 of 23 June 2011;

(c) Council Implementing Regulation (EU) No. 755/2011 of 1 August 2011;

(d) Council Implementing Regulation (EU) No. 843/2011 of 23 August 2011;

(e) Council Regulation (EU) No. 878/2011 of 2 September 2011;

(f) Council Regulation (EU) No. 950/2011 of 23 September 2011;

(g) Council Regulation (EU) No. 1011/2011 of 13 October 2011;

(h) Council Regulation (EU) No. 1150/2011 of 14 November 2011;

(i) Council Implementing Regulation (EU) No. 1151/2011 of 14 November 2011;

(j) Council Implementing Regulation (EU) No. 1244/2011 of 1 December 2011.

(2) A word or expression which is used in this Order has, unless the context otherwise requires, the same meaning that it has in the Council Regulation.

3. A person shall not make a financial transfer between the State and another country the effect of which would be to enable or facilitate, directly or indirectly, the doing of any thing which is a breach of the Council Regulation.

4. Notwithstanding Article 3 of this Order, a person who has received a prior authorisation under Article 3, 6, 7, 9 or 9a of the Council Regulation may, subject to compliance with the terms and conditions of such authorisation, do such of the things referred to in Article 3 of this Order as are so authorised.

5. The Central Bank of Ireland may, for the purposes of supervision of financial transfers and for the administration and enforcement of the provisions of this Order, give such directions or issue such instructions to a person as it sees fit.

6. A person to whom a direction has been given or an instruction issued under Article 5 shall comply with such direction or instruction.

7. A person shall not do anything to directly or indirectly...

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