January 20, 2016: HMT, EU updates Libyan regulations

Financial Sanctions: Libya regime and Financial Sanctions FAQs

On 18 January 2016, the European Union adopted Council Regulation (EU) 2016/44 consolidating the existing restrictive measures into a new Regulation, thus repealing and replacing EU Regulation 204/2011. This was done for clarity, as the original Regulation had been extensively changed to reflect changes to the UN sanctions regime. The new Regulation was published on 19 January and took effect on 20 January.

HMT also updated its Financial Sanctions FAQs to fix some broken links and reflect the changes to the Iran sanctions regimes.

Links:

Council Regulation (EU) 2016/44

HMT Financial Sanctions FAQ

 

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