Considerations on JOIN(2012)32 - Amendment of Regulation 270/2011 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Egypt

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dossier JOIN(2012)32 - Amendment of Regulation 270/2011 concerning restrictive measures directed against certain persons, entities and bodies in ...
document JOIN(2012)32 EN
date November 26, 2012
 
table>(1)Council Regulation (EU) No 270/2011 (2) gives effect to the measures provided for in Decision 2011/172/CFSP.
(2)Council Decision 2012/723/CFSP (3) provides for an amendment to Decision 2011/172/CFSP in order to permit the release of certain frozen funds or economic resources where they are required to satisfy a judicial or administrative decision rendered in the Union, or a judicial decision enforceable in a Member State.

(3)Article 9 of Regulation (EU) No 270/2011 concerns information to be supplied by persons, entities and bodies to the competent authorities of Member States, which has to be transmitted to the Commission, in order to facilitate compliance with that Regulation. In accordance with Article 9(2), any information provided or received is to be used only for the purposes for which it was provided or received. However, this should not prevent Member States from sharing such information, in accordance with their national law, with the relevant authorities of Egypt and other Member States where necessary for the purpose of assisting the recovery of misappropriated assets.

(4)Regulation (EU) No 270/2011 should therefore be amended accordingly,