Blocking Regulation and Capital Adequacy Directive: Difference between pages

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''Sanctions''.
''European Union law.''


The Blocking Regulation is a 1996 European Union (EU) Regulation which prohibits EU companies from complying with certain extraterritorial US sanctions.
(CAD).  
 
 
<span style="color:#4B0082">'''''Managing conflicting rules'''''</span>
 
:"The US's reimposition of sanctions against Iran prompted the European Commission to expand the scope of the 1996 EU Blocking Regulation.
 
:The revised Blocking Regulation... in essence prohibits EU companies from complying with the reimposed US sanctions against Iran.
 
 
:The Blocking Regulation is often described as putting those within its scope (EU companies, nationals and others within the EU) between a rock and a hard place.
 
:Non-compliance may give rise to civil and, potentially, criminal penalties.
 
:However, the penalties for a non-US person failing to comply with the US's secondary sanctions can include being cut off from the US financial system - and being unable to deal with US persons."
 
:''The Treasurer, October 2018, p43 - Slaughter and May.''


European directive issued in 1995 and subsequently revised as CAD2, aims to establish uniform capital requirements for both banking firms and non-bank securities firms.


== See also ==
== See also ==
 
* [[Basel II]]
* [[European Commission]]
* [[Capital adequacy]]
* [[European Union]]
* [[Capital Requirements Directive]]
* [[Extraterritorial]]
* [[Regulation]]
* [[Sanctions]]
* [[United States]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Ethics]]

Revision as of 04:53, 3 August 2013

European Union law.

(CAD).

European directive issued in 1995 and subsequently revised as CAD2, aims to establish uniform capital requirements for both banking firms and non-bank securities firms.

See also