{
  "url": "https://openlegislation.uk/eu-regulation-2016-465/introduction",
  "json_url": "https://openlegislation.uk/eu-regulation-2016-465/introduction.json",
  "legislation": "eur/2016/465",
  "legislation_title": "Council Regulation (EU) 2016/465 of 31 March 2016 amending Regulation (EC) No 329/2007 concerning restrictive measures against the Democratic People's Republic of Korea",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2016-465",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Council Regulation (EU) 2016/465\nof 31 March 2016\namending Regulation (EC) No 329/2007 concerning restrictive measures against the Democratic People's Republic of Korea\nTHE COUNCIL OF THE EUROPEAN UNION,\nHaving regard to the Treaty on the Functioning of the European Union, and in particular Article 215 thereof,\nHaving regard to Council Decision 2013/183/CFSP of 22 April 2013 concerning restrictive measures against the Democratic People's Republic of Korea and repealing Decision 2010/800/CFSP adopted in accordance with Chapter 2 of Title V of the Treaty on European Union\nHaving regard to the joint proposal of the High Representative of the Union for Foreign Affairs and Security Policy and of the European Commission,\nWhereas:\n(1)\nRegulation (EC) No 329/2007 gives effect to measures provided for in Decision 2013/183/CFSP concerning restrictive measures against the Democratic People's Republic of Korea which repealed and replaced Decision 2010/800/CFSP.\n(2)\nOn 31 March 2016, the Council adopted Decision (CFSP) 2016/475, listing the Korea National Insurance Corporation (KNIC) and providing for derogations to allow EU persons and entities to obtain insurance from KNIC for activities to be carried out in North Korea. The Council also decided that EU persons or entities should be allowed to receive payments by KNIC derived from such insurance or in respect of damage caused within the territory of the Union. In addition, Decision (CFSP) 2016/475 allows to unfreeze KNIC's funds needed for payments due under a prior contract.\n(3)\nRegulation (EC) No 329/2007 should therefore be amended accordingly,\nHAS ADOPTED THIS REGULATION:",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "OJ L 111, 23.4.2013, p. 52."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Regulation (EC) No 329/2007 of 27 March 2007 concerning restrictive measures against the Democratic People's Republic of Korea (OJ L 88, 29.3.2007, p. 1)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Council Decision (CFSP) 2016/475 of 31 March 2016 amending Decision 2013/183/CFSP concerning restrictive measures against the Democratic People's Republic of Korea (see page 34 of this Official Journal)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2016/465/introduction",
    "retrieved_at": "2026-11-01T14:45:56.052617+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}