OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order revokes subordinate legislation made, or treated as having been made, under the Trading with the Enemy Act 1939 (“the 1939 Act”) and the Emergency Laws (Miscellaneous Provisions) Act 1953.

The legislation falls mainly into 3 categories:

  1. a)

    Instruments providing for enemy assets to be transferred to a custodian appointed by the Board of Trade.

  2. b)

    Instruments providing for certain named territories to cease to be treated as enemy territory for the purposes of the 1939 Act.

  3. c)

    Instruments authorising trade with certain territories notwithstanding section 1 of the 1939 Act.

A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.