S.I. No. 157/1972:

EXCHANGE CONTROL REGULATIONS, 1972.

EXCHANGE CONTROL REGULATIONS, 1972.

I, SEOIRSE Ó COLLA, Minister for Finance, in exercise of the powers conferred on me by section 30 of the Exchange Control Act, 1954 (No. 30 of 1954), as continued by the Exchange Control (Continuance) Act, 1970 (No. 23 of 1970), hereby make the following regulations :

1. (1) These Regulations may be cited as the Exchange Control Regulations, 1972.

(2) The Exchange Control Regulations, 1959 to 1971, and these Regulations may be cited together as the Exchange Control Regulations, 1959 to 1972.

2. Article 3 of the Exchange Control Regulations, 1959 ( S.I. No. 44 of 1959 ), and the Second Schedule thereto (inserted by the Exchange Control Regulations, 1967 ( S.I. No. 121 of 1967 )), are hereby revoked.

GIVEN under my Official Seal, this 23rd day of June, 1972.

SEOIRSE Ó COLLA,

Minister for Finance.

EXPLANATORY NOTE.

The effect of these Regulations is to limit the list of Scheduled Territories for the purposes of the Exchange Control Acts to the State, Northern Ireland, Great Britain, the Channel Islands and the Isle of Man. All currency transactions with other countries previously included in the list will now be subject to Exchange Control.