OpenLegislation

The Landsbanki Freezing (Revocation) Order 2009

S.I. 2009/1392 · Made 10 June 2009

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Banks And Banking

Made 10th June 2009

Laid before Parliament 10th June 2009

Coming into force 15th June 2009

The Treasury, in exercise of the powers conferred by sections 4 and 14 of and Schedule 3 to the Anti-terrorism, Crime and Security Act 2001f1, make the following Order:

Annotations to the whole text

Footnotes

f1

2001 c.24.

Contents

  1. 1Citation and commencement
  2. 2Revocations
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Landsbanki Freezing (Revocation) Order 2009 and comes into force on 15th June 2009.

2Revocations

The following Orders are revoked—

(a)

the Landsbanki Freezing Order 2008f1;

(b)

the Landsbanki Freezing (Amendment) Order 2008f2.

Signature

Frank Roy

Tony Cunningham

Two of the Lords Commissioners of Her Majesty’s Treasury

10th June 2009

Explanatory note

(This note is not part of the Order)

This Order is made under the Anti-terrorism, Crime and Security Act 2001 (c.24). It revokes the Landsbanki Freezing Order 2008 (S.I. 2008/2668) and the Landsbanki Freezing (Amendment) Order 2008 (S.I. 2008/2766).

The Landsbanki Freezing Order 2008 imposed an asset freeze in relation to the Icelandic bank, Landsbanki Islands hf. The Landsbanki Freezing (Amendment) Order 2008 made minor amendments to the Freezing Order. By revoking those Orders, this Order lifts the asset freeze.

An Impact Assessment of the effect of this instrument on the costs of 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 ).