In order to consolidate the restrictive measures in relation to Libya that have been implemented under a number of Regulations dating back to 2011, the EU has enacted Council Regulation (EU) 2016/44 which repeals and replaces the existing Regulations. This has been reflected in Guernsey by the enactment of the Libya (Restrictive Measures) (Guernsey) Ordinance, 2016, which implements the new Regulation and repeals a 2011 Ordinance giving effect to the previous measures. The Ordinance was made by the Legislation Select Committee (under Article 66(3) of the Reform (Guernsey) Law 1948 as amended) on 2 February 2016 and came into force the same day. It will be laid before the States at the next possible meeting.

All financial institutions and other bodies and persons in Guernsey must continue to ensure that they do not take any steps in breach of the restrictions in the EU Regulation, especially the financial restrictions in relation to listed persons. All such persons are included on the HMT consolidated list available at http://www.hm- treasury.gov.uk/fin_sanctions_index.htm. The Policy Council is the competent authority and licensing authority in relation to these sanctions. Further information is available on the States of Guernsey website http://gov.gg/sanctions any queries should be sent to policycouncil@gov.gg subject line ‘Libya Sanctions’.