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Defined terms — Council Regulation (EU) 2016/44 of 18 January 2016 concerning restrictive measures in view of the situation in Libya and repealing Regulation (EU) No 204/2011

European Union · 32016R0044 · 781 provisions

9 defined in this instrument.

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designated vessels — vessels designated by the Sanctions Committee as referred to in paragraph 11 of UNSCR 2146 (2014), as listed in Annex V to this Regulation (h)
economic resources — assets of every kind, whether tangible or intangible, movable or immovable, which are not funds but may be used to obtain funds, goods or services (c)
freezing of economic resources — preventing their use to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them (d)
freezing of funds — preventing any move, transfer, alteration or use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management (b)
funds — financial assets and benefits of every kind, including but not limited to: cash, cheques, claims on money, drafts, money orders and other payment instruments; deposits with financial institutions or other entities, balances on accounts, debts and debt obligations; publicly- and privately-traded securities and debt instruments, including stocks and shares, certificates representing securities, bonds, notes, warrants, debentures and derivatives contracts; interest, dividends or other income on or value accruing from or generated by assets; credit, right of set-off, guarantees, performance bonds or other financial commitments; letters of credit, bills of lading, bills of sale; documents evidencing an interest in funds or financial resources (a)
Sanctions Committee — the Committee of the United Nations Security Council which was established pursuant to paragraph 24 of UNSCR 1970 (2011) (f)
technical assistance — any technical support related to repairs, development, manufacture, assembly, testing, maintenance, or any other technical service, and may take forms such as instruction, advice, training, the transmission of working knowledge or skills or consulting services, including verbal forms of assistance (e)
territory of the Union — the territories of the Member States to which the Treaty is applicable, under the conditions laid down in the Treaty, including their airspace (g)
the Government of Libya focal point — the focal point appointed by the Government of Libya as notified to the Sanctions Committee in accordance with paragraph 3 of UNSCR 2146 (2014) (i)