14.10.2011

EN

Official Journal of the European Union

L 269/18

(1)

On 9 May 2011, the Council adopted Regulation (EU) No 442/2011 (2) concerning restrictive measures in view of the situation in Syria.

(2)

On 2 September 2011 (3), the Council amended Regulation (EU) No 442/2011 to extend the measures against Syria, including an expansion of the listing criteria, and a prohibition on the purchase, import or transportation of crude oil from Syria. On 23 September 2011 (4), the Council again amended Regulation (EU) No 442/2011 extending further the measures against Syria, to include a prohibition on investment in the crude oil sector, the addition of further listings, and a prohibition of the delivery of Syrian banknotes and coins to the Central Bank of Syria.

(3)

Council Decision 2011/684/CFSP (5) amending Decision 2011/273/CFSP provides for an additional measure, namely the listing of an additional entity, together with a derogation permitting, for a limited period, the use of frozen funds subsequently received by that entity in connection with the financing of trade with non-designated persons and entities.

(4)

That measure falls within the scope of the Treaty on the Functioning of the European Union and regulatory action at the level of the Union is therefore necessary in order to implement it, in particular with a view to ensuring its uniform application by economic operators in all Member States.

(5)

In order to ensure that the measure provided for in this Regulation is effective, this Regulation must enter into force immediately upon its publication,

(1)

in Articles 4(1), 4(2), 5(2), and 5(3), and in point (a) of Article 6, the words ‘楢nnex II‘�shall be replaced by the words ‘楢nnexes II and IIa‘�

(2)

in points (a) and (c) of Article 7, and in Articles 9 and 14(1), the words ‘楢nnex II‘�shall be replaced by the words ‘楢nnex II or Annex IIa‘�

(3)

in Article 5, paragraph 1 is replaced by the following:

‘�. Annexes II and IIa shall consist of the following:

(4)

in Article 14, paragraph 4 is replaced by the following:

‘�. The lists in Annexes II and IIa shall be reviewed at regular intervals and at least every 12 months.‘�

(5)

the following Article is inserted:

‘楢rticle 9a

By way of derogation from Article 4(1), an entity listed in Annex IIa may, for a period of two months from the date on which it was designated, make a payment from frozen funds or economic resources which were received by that entity after the date on which it was designated, provided that: