
Article 1 
Decision (CFSP) 2016/849 is amended as follows:

((1)) In Article 27, paragraph 7 is replaced by the following:
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7. The prohibition in paragraphs 1(a) and (2) shall not apply:
(a) where the Sanctions Committee has determined, on a case-by-case basis, that an exemption is necessary to facilitate the work of international and non-governmental organisations carrying out assistance and relief activities in the DPRK for the benefit of the civilian population;
(b) with respect to financial transactions with the Foreign Trade Bank or the Korean National Insurance Company (KNIC) if such transactions are solely for the operation of diplomatic missions in the DPRK or humanitarian activities that are undertaken by, or in coordination with, the United Nations.'.
((2)) Article 36a is replaced by the following:
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Article 36a 
By way of derogation from the measures imposed by UNSCRs 1718 (2006), 1874 (2009), 2087 (2013), 2094 (2013), 2270 (2016), 2321 (2016), 2356 (2017) and 2371 (2017), provided that the Sanctions Committee has determined that an exemption is necessary to facilitate the work of international and non-governmental organisations carrying out assistance and relief activities in the DPRK for the benefit of the civilian population in the DPRK, the competent authority of a Member State shall grant the necessary authorisation.'.
((3)) Annex II to Decision (CFSP) 2016/849 is amended as set out in the Annex to this Decision.
Article 2 
This Decision shall enter into force on the day following that of its publication in the Official Journal of the European Union.
Done at Brussels, 24 August 2017.
For the Council
The President
M. MAASIKAS
ANNEX

The following entry is deleted from Part B (Entities) of Part II of Annex II to Decision (CFSP) 2016/849:
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3 Korea National Insurance Corporation (KNIC) and its branch offices Korea Foreign Insurance Company Haebangsan-dong, Central District, Pyongyang, DPRKRahlstedter Strasse 83 a, 22149 Hamburg.Korea National Insurance Corporation of Alloway, Kidbrooke Park Road, Blackheath,London SE30LW
 3.7.2015 Korea National Insurance Corporation (KNIC), a State-owned and controlled company, is generating substantial foreign exchange revenue which could contribute to the DPRK's nuclear-related, ballistic missile-related or other weapons of mass destruction-related programmes.Furthermore, the KNIC headquarters Pyongyang is linked to Office 39 of the Korean Worker's Party, a designated entity.'
