Contents of Section

Chapter:

537W PDFTitle:UNITED NATIONS SANCTIONS (SUDAN) REGULATIONGazette Number:L.N. 124 of 2005
Section:8AHeading:Licence for making available funds, etc. to certain persons or entitiesVersion Date:08/07/2005

(1) If it is proved to the satisfaction of the Chief Executive that any one of the requirements in subsection (2) is met, the Chief Executive shall, on application, grant a licence for making available funds or other financial assets or economic resources to or for the benefit of a relevant person or a relevant entity.
(2) The requirements referred to in subsection (1) are as follows¡X

        (a) the funds or other financial assets or economic resources have been determined by the Chief Executive to be¡X
          (i) necessary for basic expenses, including payment for foodstuffs, rents, mortgages, medicines and medical treatments, taxes, insurance premiums, and public utility charges; or
          (ii) necessary for payment of reasonable professional fees and reimbursement of incurred expenses associated with the provision of legal services,
          and the Committee has been notified by the Chief Executive of the intention to authorize, where appropriate, access to such funds or other financial assets or economic resources, and the Committee has not made a negative decision within 2 working days of such notification;
        (b) the funds or other financial assets or economic resources have been determined by the Chief Executive to be necessary for extraordinary expenses, and the Committee has been notified by the Chief Executive of the determination, and the Committee has approved the determination;
        (c) the funds or other financial assets or economic resources have been determined by the Chief Executive to be the subject of a judicial, administrative or arbitral lien or judgment, and the lien or judgment¡X
          (i) was entered prior to 29 March 2005;
          (ii) is not for the benefit of a relevant person or a relevant entity; and
          (iii) has been notified by the Chief Executive to the Committee.
(3) A licence granted by the Chief Executive under subsection (1), on his being satisfied that the requirements in subsection (2)(c) are met, shall only authorize that the funds or other financial assets or economic resources be used to satisfy the relevant lien or judgment.
(L.N. 124 of 2005)