1 Citation and commencement

This Order may be cited as the Landsbanki Freezing (Revocation) Order 2009 and comes into force on 15th June 2009.

NOTES
Initial Commencement
Specified date

Specified date: 15 June 2009: see above.

2 Revocations

2Revocations

The following Orders are revoked—

(a)    the Landsbanki Freezing Order 2008;

(b)    the Landsbanki Freezing (Amendment) Order 2008.

NOTES
Initial Commencement
Specified date

Specified date: 15 June 2009: see art 1.

Signature

Frank Roy

Tony Cunningham

Two of the Lords Commissioners of Her Majesty's Treasury

10th June 2009

EXPLANATORY NOTE

EXPLANATORY NOTE (This note is not part of the Order)

This Order is made under the Anti-terrorism, Crime and Security Act 2001 (c 24). It revokes the Landsbanki Freezing Order 2008 (SI 2008/2668) and the Landsbanki Freezing (Amendment) Order 2008 (SI 2008/2766).

The Landsbanki Freezing Order 2008 imposed an asset freeze in relation to the Icelandic bank, Landsbanki Islands hf. The Landsbanki Freezing (Amendment) Order 2008 made minor amendments to the Freezing Order. By revoking those Orders, this Order lifts the asset freeze.

An Impact Assessment of the effect of this instrument on the costs of business has been prepared. It may be obtained from the Financial Stability Team, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ. It is also available on HM Treasury's website (www.hm-treasury.gov.uk).

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