Explanatory note

This Order, which is made under the Anti-terrorism, Crime and Security Act 2001 (c.24), makes minor amendments to the Landsbanki Freezing Order 2008 (S.I. 2008/2668). The Order clarifies that the prohibitions imposed by the Order apply to persons in the UK, categories of British nationals and certain other incorporated bodies (article 3); reasons for specifying a person must be provided on request as soon as practicable (article 4); and information required from relevant institutions is to be provided to the Treasury (article 8).

An Impact Assessment of the effect of the Landsbanki Freezing Order 2008 on the costs to business has been prepared. It may be obtained from the Financial Stability Team, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ. It is also available on HM Treasury’s website (www.hm-treasury.gov.uk). Copies of the document have been placed in the libraries of both Houses of Parliament.