The Syria (European Union Financial Sanctions) (Amendment) Regulations 2013 (SI 2013 No. 877) (2013 Regulations) will come into force on 7 May 2013.

The 2013 Regulations amend the Syria (European Union Financial Sanctions) Regulations 2012 (SI 2012 No. 877) which provide for enforcement of, and penalties for breaches of, EU financial sanctions in relation to Syria imposed by Council Regulation (EU) No. 36/2012 concerning restrictive measures in view of the situation in Syria (the First Council Regulation).

The 2013 Regulation introduces an exemption from the asset-freezing measures in respect of Syrian Arab Airlines. It also amends an existing asset-freezing exemption in the First Council Regulation to allow funds to be credited to frozen accounts where payments are due under judicial, administrative or arbitral decisions rendered in an EU Member State or enforceable in the Member State concerned.

www.legislation.gov.uk/uksi/2013/877/pdfs/uksi_20130877_en%2Epdf
www.legislation.gov.uk/uksi/2013/877/pdfs/uksiem_20130877_en.pdf