The Republic of Serbia (Prohibition on Investment) Regulations 1998
These Regulations provide that any breach of Article 1 of Council Regulation (EC) No. 1607/98 of 24th July 1998 (“the EC Regulation”) is to be a criminal offence. Article 1 prohibits the making of new investments in the Republic of Serbia except where authorisation has been granted in accordance with Article 2 of the EC Regulation. Regulation 3 of these Regulations provides that such authorisations are to be granted by or on behalf of the Treasury, and makes it an offence to provide false information in connection with a request for an authorisation.