14.4.2005 Official Journal of the European Union L 95/1 | (Acts whose publication is obligatory) COUNCIL REGULATION (EC) No 560/2005 of 12 April 2005 imposing certain specific restrictive measures directed against certain persons and entities in view of the situation in Céte d’Ivoire THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, and in particular Articles 60, 301 and 308 thereof, Having regard to Council Common Position 2004/852/CFSP of 13 December 2004 concerning restrictive measures against Cote d'Ivoire (1), Having regard to the proposal from the Commission, Having regard to the opinion of the European Parliament (), Whereas: (1) In Resolution 1572 (2004) of 15 November 2004, the UN Security Council, acting under Chapter VII of the Charter of the United Nations and deploring the resumption of hostilities in Cote dTvoire and the repeated violations of the ceasefire agreement of 3 May 2003, decided to impose certain restrictive measures against Cote d'Ivoire. Common Position 2004/852/CFSP provides for imple- mentation of the measures set out in UN Security Council Resolution 1572 (2004), including the freezing of funds and economic resources of persons, designated by the competent United Nations Sanctions Committee, who constitute a threat to the peace and national recon- ciliation process in Cote d'Ivoire, in particular those who block implementation of the Linas-Marcoussis and Accra I Agreements, any other person determined as responsible for serious violations of human rights and international humanitarian law in Cote d'Ivoire on the basis of relevant information, any other person who incites publicly hatred and violence, and any other person determined by the Committee to be in violation of the arms embargo also imposed by Resolution 1572 (2004). (1) OJ L 368, 15.12.2004, p. 50. (%) Opinion delivered on 24 February 2005 (not yet published in the Official Journal). G) These measures fall within the scope of the Treaty and, therefore, in order to avoid any distortion of compe- tition, Community legislation is necessary to implement them as far as the Community is concerned. For the purpose of this Regulation, the territory of the Community is deemed to encompass the territories of the Member States to which the Treaty is applicable, under the conditions laid down in the Treaty. In order to ensure that the measures provided for in this Regulation are effective, this Regulation should enter into force on the day of its publication, HAS ADOPTED THIS REGULATION: Article 1 For the purposes of this Regulation, the following definitions shall apply: 1. ‘Sanctions Committee’ means the Committee of the Security Council of the United Nations which was established pursuant to paragraph 14 of UN Security Council Resolution 1572 (2004); 2. ‘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;