regulation

United Nations Sanctions (South Sudan) Regulation 2019 (Cap. 537CK) (Version Date: 29/09/2023)

ID 25287

A revised version of the United Nations Sanctions (South Sudan) Regulation 2019 was published on Hong Kong e-Legislation, the official platform of the Hong Kong government for legislative publications. The revised version contains the amendments made by the United Nations Sanctions (South Sudan) Regulation 2019 (Amendment) Regulation 2023 which renewed or better extended already existing sanction provisions with respect to the following:
(1) prohibition to supply any arms or related material to persons operating in the territory of South Sudan (arms embargo);
(2) prohibition to provide any assistance related to military activities to persons operating in South Sudan;
(3) prohibition to make available to, or for the benefit of, certain persons or entities any funds or other financial assets or economic resources;
(4) prohibition to deal with funds or other financial assets or economic resources belonging to, or owned or controlled by, certain persons or entities;
(5) prohibition to trespass or enter the Hong Kong Special Administrative Region by certain persons.
The amendment regulation also
– included new provisions in the licensing section (licence for making available or dealing with economic assets, section 11); and
– refined the conditions for a license as regards the „supply or carriage of goods“ (section 9) and the provision of technical assistance (section 10).
The affected revised provisions are set out in Part 1 and Part 3 of the regulation. For more information on the revisions, please review EventID 23118.

Other Features
asset freezing
banks
compliance
financial resources
fund management
investment firms
notifications
payment services
permissions
prohibition
restrictions
sanctions
Date Published: 2023-10-11
Date Taking Effect: 2023-09-29
Regulatory Framework: United Nations Sanctions Ordinance
Regulatory Type: regulation
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