15. 10. 94 Official Journal of the European Communities No L 266/1 (Acts whose publication is obligatory) COUNCIL REGULATION (EC) No 2471/94 of 10 October 1994 introducing a further discontinuation of the economic and financial relations between the European Community and the areas of Bosnia-Herzegovina under the control of Bosnian Serb forces THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, and in particular Articles 228a and 73g thereof, Having regard to Council Decision 94/672/CESP of 10 October 1994 on the common position defined on the basis of Article J.2 of the Treaty on European Union and concerning the reduction of economic and financial relations with those parts of the territory of the Republic of Bosnia-Herzegovina under the control of the Bosnian Serb forces (1), Having regard to the proposal from the Commission, Whereas the United Nations Security Council, in view of the refusal of the Bosnian Serb party to accept the settlement accepted by the other Bosnian parties, and acting under Chapter VII of the Charter of the United Nations, has decided in its Resolution 942 (1994) to reinforce and extend the measures imposed by its previous resolutions with regard to the areas of the Republic of Bosnia-Herzegovina under the control of Bosnian Serb forces; ‘Whereas, under these conditions, the Community has to reinforce and extend the measures imposed by Council Regulation (EEC) No 990/93 of 26 April 1993 concerning trade between the Furopean Economic Community and the Federal Republic of Yugoslavia (Serbia and Montenegro) (2), (1) See page 10 of this Official Journal. (2) OJ No L 102, 28. 4. 1993, p. 14. HAS ADOPTED THIS REGULATION: Definitions Article 1 For the purpose of this Régulation: 1. economic activities shall mean: {a) all activities of an economic nature, including commercial, financial and industrial activities and transactions, in particular all activities of an economic nature involving the use of or dealing in, with or in connection with property, or interests in property; (b) the exercise of rights relating to property or interests in property; and {c) the establishment of any new body or change in management of an existing body; 2. property or interests in property shall mean: funds, financial, tangible and intangible assets, property rights and publicly and privatly traded securities and debt instruments, and- any other financial and economic resources; 3. to freeze funds or other financial assets or resources shall mean: to take steps to prevent any change in volume, amount, location, ownership, possession, character, destination or other change that would enable the use of the funds or other financial assets or resources concerned; : 4. funds or other financial assets or resources shall mean: funds or other financial assets or resources of whatever kind or origin, including, but not limited to, cash, liquid assets, dividends, interest or other income