14Permit for dealing with or using sanctions controlled assets

14 Permit for dealing with or using sanctions controlled assets

(1) The Minister may, on application, grant a person a permit authorising: (a) a making available of an asset that would otherwise contravene subregulation 12(1); or (b) a use of, or a dealing with, a controlled asset that would otherwise contravene subregulation 13(1). (2) An application must be for a basic expense dealing, a legally required dealing or an extraordinary expense dealing mentioned in regulation 5 of the Charter of the United Nations (Dealing with Assets) Regulations 2008. (3) An application must specify which kind of dealing mentioned in subregulation (2) the application is for. (4) If an application is for a basic expense dealing, the Minister: (a) must notify the Committee of the application; and (b) may grant a permit only if a period of 2 working days has passed since notification was given and during that period the Committee has not advised against granting the permit. (5) If an application is for an extraordinary expense dealing, the Minister: (a) must notify the Committee of the application; and (b) may grant a permit only with the approval of the Committee. (6) If an application is for a legally required dealing, the Minister must not grant a permit unless the Minister notifies the Committee of the application before granting the permit. (7) A permit is subject to any conditions specified in the permit.

Note: Part 2 of the Charter of the United Nations (Dealing with Assets) Regulations 2008 applies to these Regulation.