THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Council Regulation (EC) No 2488/2000 of 10 November 2000 maintaining a freeze of funds in relation to Mr Milosevic and those persons associated with him and repealing Regulations (EC) No 1294/1999 and (EC) No 607/2000 and Article 2 of Regulation (EC) No 926/98 [Note: OJ L 287, 14.11.2000, p. 19.], and in particular Article 4(2)(a) thereof,

Whereas:

(1) In accordance with Article 1 of Regulation (EC) No 2488/2000 all funds and other financial resources held outside the Federal Republic of Yugoslavia belonging to Mr Milosevic and to natural persons associated with him, are to be frozen and such funds and financial resources are not to be made available to or for the benefit of these persons, as listed in Annex I to the Regulation. The Commission is empowered to amend that Annex, taking into account decisions implementing Common Position 2000/696/CFSP [Note: OJ L 287, 14.11.2000, p. 1.].

(2) By means of Common Position 2001/155/CFSP [Note: OJ L 57, 27.2.2001, p. 3.], the Council amended the provisions of its Common Position 2000/696/CFSP as regards the ban on admission to the European Union. It is, therefore, appropriate to amend Regulation (EC) No 2488/2000.