AI-assisted research summary: This law amends the Sanctions and Asset-Freezing (Jersey) Law 2019 and starts the day after registration.
Sanctions and Asset-Freezing (Amendment) (Jersey) Law 2019 A LAW to amend the Sanctions and Asset-Freezing (Jersey) Law 2019 Adopted by the States 16th July 2019 Sanctioned by Order of Her Majesty in Council 8th October 2019 Registered by the Royal Court 18th October 2019 Coming into force 19th October 2019 THE STATES , subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law – 1 Amendment of Article 3 (implementation of UK and EU sanctions provisions through Orders) of Sanctions and Asset-Freezing (Jersey) Law 2019 ( 1 ) In Article 3(4)(c) of the Sanctions and Asset-Freezing (Jersey) Law 2019 [1] , for “a sub-paragraph of Article 28(2)” there is substituted “paragraph (6)”. ( 2 ) After Article 3(5) of the Sanctions and Asset-Freezing (Jersey) Law 2019 [2] , there is inserted – “( 6 ) The purposes mentioned in paragraph (4)(c) are – ( a ) freezing funds or economic resources owned, held or controlled by the person against whom the prohibition is imposed; ( b ) preventing funds or economic resources being made available to, or for the benefit of that person; ( c ) prohibiting access to financial markets or financial services by, or for the benefit of that person.”. 2 Citation and commencement This Law may be cited as the Sanctions and Asset-Freezing (Amendment) (Jersey) Law 2019 and comes into force on the day after its registration. w.j.c . millow Assistant Greffier of the States Endnotes Table of Endnote Reference s [1] L.2 /2019 [2] L.2 /2019