#ECOT2529865AAmendment to French rules applying EU restrictive measures in overseas territories
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This order updates France’s framework for applying EU restrictive measures in several French overseas territories. It adds three EU Council regulations from 2024 to the list of measures covered by the March 2024 order. The practical effect is narrow but important for compliance teams: financial institutions, businesses, and public bodies operating in Saint-Barthélemy, Saint-Pierre-et-Miquelon, New Caledonia, French Polynesia, and Wallis and Futuna should check that their sanctions screening and controls reflect these added EU measures.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Adds EU Council Regulation 2024/386 to the French overseas restrictive-measures framework
- Adds EU Council Regulation 2024/1485 to the same framework
- Adds EU Council Regulation 2024/2642 and updates the applicability clause for New Caledonia, French Polynesia, and Wallis and Futuna
Obligations
What this law requires
Entities operating in Nouvelle-Calédonie, Polynésie française, and Wallis and Futuna must apply the restrictive measures framework in the 8 March 2024 order as amended by the 7 May 2026 order, including Council Regulations (EU) 2024/386, 2024/1485, and 2024/2642.
Sanctions screening and restrictive-measures controls for operations in Saint-Barthélemy, Saint-Pierre-et-Miquelon, Nouvelle-Calédonie, Polynésie française, and Wallis and Futuna should be updated to cover Council Regulations (EU) 2024/386, 2024/1485, and 2024/2642 added to the March 2024 order.