Regulations Implementing the United Nations Resolutions on South Sudan

Marginal note:Certificate — parties to contract

• 9 (1) If a party to a contract or a gratuitous transfer becomes a designated person, any party to that contract or transfer may apply to the Minister in writing for a certificate to exempt property from the application of section 3 to permit any party that is not a designated person to receive payments or a transfer or for the party that is a designated person to make payments or to complete the transfer.

• Marginal note:Certificate — time period

  (2) The Minister must issue a certificate within 90 days after the day on which the application is received and at least 10 working days after the day on which he or she has informed the Committee of the Security Council of his or her intent to issue the certificate, if it is established that

  • (a) the contract was entered into or the transfer occurred prior to any party becoming a designated person; and

  • (b) the payments or transfer are not to be received, directly or indirectly, by a designated person, by a person acting on behalf of, or at the direction of, a designated person or by a person that is owned, held or controlled by a designated person.