For the purposes of this Regulation, the following definitions shall apply:

‘funds’ means financial assets and benefits of every kind, including but not limited to:

cash, cheques, claims on money, drafts, money orders and other payment instruments;

deposits with financial institutions or other entities, balances on accounts, debts and debt obligations;

publicly and privately traded securities and debt instruments, including stocks and shares, certificates representing securities, bonds, notes, warrants, debentures and derivatives contracts;

interest, dividends or other income on or value accruing from or generated by assets;

credit, right of set-off, guarantees, performance bonds or other financial commitments;

letters of credit, bills of lading, bills of sale;

documents evidencing an interest in funds or financial resources;

‘freezing of funds’ means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

‘economic resources’ means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds but may be used to obtain funds, goods or services;

‘freezing of economic resources’ means preventing their use to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;

‘Sanctions Committee’ means the Committee of the Security Council established pursuant to UNSCR 751 (1992) concerning Somalia;

‘technical assistance’ means any technical support related to repairs, development, manufacture, assembly, testing, maintenance, or any other technical service, and may take forms such as instruction, advice, training, transmission of working knowledge or skills or consulting services; including verbal forms of assistance;

‘investment services’ means:

reception and transmission of orders in relation to one or more financial instruments;

execution of orders on behalf of clients;

dealing on own account;

portfolio management;

investment advice;

underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis;

placing of financial instruments without a firm commitment basis; or

(viii)

operating of multilateral trading facilities,

provided that the activity relates to any of the financial instruments listed in Section C of Annex I to Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments ( 7 ) ;

‘territory of the Union’ means the territories to which the Treaties are applicable, under the conditions laid down in the Treaties.

‘statement of reasons’ means the publicly releasable portion of the statement of case and/or, where applicable, the narrative summary of reasons for listing as provided by the Sanctions Committee.

COUNCIL REGULATION (EU) No 356/2010 of 26 April 2010 imposing certain specific restrictive measures directed against certain natural or legal persons, entities or bodies, in view of the situation in Somalia ANNEX I ANNEX II