Singapore legislation
Regulation 4
of Financial Services and Markets (Freezing of Assets of Persons — Yemen) Regulations 2023
Regulation 4
Definitions
Subregulation 1
In these Regulations —
Definition
“Committee” means the Committee of the Security Council of the United Nations established under paragraph 19 of Resolution 2140 (2014);
Definition
“designated person” means an individual or entity set out in the UN List subject to the conditions set out in paragraph (2);
Definition
“funds” includes cheques, bank deposits and other financial resources;
Definition
“Resolution” means a Resolution of the Security Council of the United Nations;
Definition
“UN List” means the list of individuals or entities identified by the Security Council of the United Nations or the Committee as individuals or entities to whom or which any of the measures specified in paragraph 11 of Resolution 2140 (2014) apply, as updated from time to time by the Security Council of the United Nations or the Committee, and made available on the Internet through the official United Nations website at http://www.un.org/.
Subregulation 2
The conditions mentioned in the definition of “designated person” in paragraph (1) are —
where any individual or entity is added to the UN List on or after 28 April 2023, the individual or entity is taken to be a designated person with effect from the date immediately following the date of the addition to the UN List;
where any individual or entity is removed from the UN List, the individual or entity ceases to be a designated person with effect from the date of removal from the UN List; and
where the particulars of any individual or entity in the UN List are modified on or after 28 April 2023, the particulars of the individual or entity are taken to be modified for the purposes of these Regulations with effect from the date immediately following the date of modification of the UN List.