# The Iraq (United Nations) (Sequestration of Assets) (Jersey) Order 1993, Article 2: Interpretation


(1) In this Order the following expressions have, except where otherwise expressly provided, the meanings respectively assigned to them, that is to say—
“the Attorney General” means the Attorney General for the Bailiwick;
“the Bailiwick” means the Bailiwick of Jersey;
“the Committee” means the Finance and Economics Committee of the States of Jersey;
“competent authority” means any authority responsible for securing compliance with or detecting evasion of the resolution in any country;
“ECUs” means European Currency Units being units of account defined in Council Regulation (EEC) No. 3180/78, as amended;
“the escrow account” means the account provided for in the resolutions of the Security Council of the United Nations numbered 706 and 712 and adopted on 15th August 1991 and on 19th September 1991 respectively;
“funds” means any currency and any amount denominated in ECUs and includes any right to receive currency in respect of any credit or balance at a bank;
“HM Treasury” means the Commissioners of Her Majesty’s Treasury;
“Iraqi person” means
(a) the Government of Iraq;
(b) any body which is capable of suing and being sued and the functions of which are carried on for the purposes of the Government of Iraq or subject to its direction or approval, but which is distinct from the executive organs of the Government of Iraq;
(c) any body, wherever incorporated or constituted, which is controlled by the Government of Iraq; and
(d) any person or body who is acting on behalf of any of the above-mentioned persons;
“petroleum” means a naturally occurring mixture including hydrocarbons;
“petroleum products” means any products, other than chemicals, which may be obtained by primary distillation or secondary refining from petroleum and includes natural gas, petroleum ether, solvents, benzene, naphtha, motor spirits (including aviation spirit), kerosenes (including jet fuel), heavy oils, fuel oils, lubricating oils, greases, petroleum jelly, paraffin wax and asphaltic bitumen;
“police officer” means a member of the Honorary Police or a member of the States of Jersey Police Force;
“relevant institution” means
(a) any person registered under the Banking Business (Jersey) Law 1991 for the purpose of carrying on a deposit-taking business; and
(b) any person carrying on a deposit-taking business within the meaning of Article 3 of the Banking Business (Jersey) Law 1991 who is exempted from registration.
“relevant transaction” means the sale of Iraqi petroleum or petroleum products, paid for by or on behalf of the purchaser on or after 6th August 1990;
“the resolution” means the resolution of the Security Council of the United Nations numbered 778 and adopted on 2nd October 1992;
“the Secretary General” means the Secretary General of the United Nations;
“vehicle” means a land transport vehicle and includes a barge engaged in inland navigation;
“vessel” includes any ship, surface effect vehicle, small waterplane vessel and hydrofoil, and the hull or part of the hull of a vessel.
(2) Any reference in this Order to funds being held by any person extends to funds held in any capacity recognised by the law of the Bailiwick and any reference to funds to which an Iraqi person is entitled extends to funds to which such a person is entitled under the law of the Bailiwick but shall not extend to funds in relation to which the entitlement of such a person is in issue in legal proceedings in the Bailiwick or in any other jurisdiction.

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Source: https://www.legislation.gov.uk/uksi/1993/1799/article/2 (the official version)
Page: https://openlegislation.uk/iraq-united-nations-sequestration-of-assets-jersey-order-1993/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.