This order establishes the legal framework for the freezing and control of assets held within Caribbean territories in response to the 1990 invasion of Kuwait by the Republic of Iraq. The document originates from the British government, acting under its legislative authority to implement international sanctions. It provides the specific regulatory mechanisms required to restrict the movement of gold, securities, and payments associated with the specified nations to prevent the financing of the Iraqi regime.

Legal scholars and historians utilize this text as a primary source document for understanding the implementation of international economic sanctions during the Gulf War. It is recognized as a technical instrument of British foreign policy and administrative law.