Article 26

Council Regulation (EU) 2017/1509 of 30 August 2017 concerning restrictive measures against the Democratic People's Republic of Korea and repealing Regulation (EC) No 329/2007 · European Union

In accordance with the requirements of UNSCR 2270 (2016), credit and financial institutions shall, on 31 May 2016 at the latest: close any account with a credit or financial institution referred to in Article 21(2); terminate any correspondent banking relationship with a credit or financial institution referred to in Article 21(2); close representative offices, branches, and subsidiaries in the DPRK; terminate joint ventures with a credit or financial institution referred to in Article 21(2); and relinquish any ownership interest in a credit or financial institution referred to in Article 21(2).

← art_25__para_2__text_1 · All articles · art_26__text_1 →

Source: EUR-Lex (Cellar) · retrieved 2026-11-06 · Text as adopted (Official Journal); later amendments are not incorporated in this text.