"The commission recommended that I should continue the financial measures against the Progressive Unionist Party, " he said.
BBC: NEWS | UK | Northern Ireland | PUP 'being pushed from politics'
Billy Hutchinson of the Progressive Unionist Party said the sanctions were illegal and could not be enforced.
BBC: NEWS | UK | Northern Ireland | Sinn Fein vows to fight sanctions
The Progressive Unionist Party's prisoners spokesman, William Smyth, said he thought inmates would look at separation as a logical decision.
He said some parties close to the thinking of loyalist paramilitaries, like the Progressive Unionist Party, would be included.
BBC: Nesbitt: Unionist forum no guarantee of full flag return
On Tuesday, the police issued a new appeal for information about the murder of former Progressive Unionist Party worker Mr Rice.
On Wednesday, Northern Ireland Secretary Peter Hain said he intended to withhold the Progressive Unionist Party's assembly allowances for another year.
BBC: NEWS | UK | Northern Ireland | PUP 'has no influence over UVF'
Well I'm joined by David Ervine, the leader of the Progressive Unionist Party who was a Loyalist prisoner in the Maze.
The leader of the Progressive Unionist Party, Billy Hutchinson, has said his party will attend the initial meeting of the Unionist Forum.
On Saturday David Ervine of the loyalist Progressive Unionist Party said he believed the IRA was going to put its weapons beyond use.
So he simply appointed three trusted public personalities to head a far-left Progressive Unionist Party, a Socialist Labour Party and a centrist Liberal Party.
Billy Hutchinson of the Progressive Unionist Party said while the forum was a positive step, it remained to be seen what it could achieve.
BBC: Nesbitt: Unionist forum no guarantee of full flag return
Speaking after his meeting with Dr Reid, David Ervine of the Progressive Unionist Party, said he was pessimistic about the prospects for the peace process.
The Progressive Unionist Party candidate believes he polled approximately 23, 000 votes.
Progressive Unionist Party leader Billy Hutchinson said people showed their frustration during the meeting and said it was an opportunity for politicians to discover how people felt.
William Smith of the Progressive Unionist Party, which is linked to the UVF, said his party would "play its role in trying to bring about a resolution to this situation".
The Make Politicians History Party fielded the same candidate in the four Belfast constituencies, whilst the Progressive Unionist Party was running three candidates and there were two for the Socialist Party.
BBC: NEWS | UK | Northern Ireland | Leaders returned in assembly poll
David Ervine of the Progressive Unionist Party, which has links with the loyalist paramilitary Ulster Volunteer Force and Red Hand Commando said he did not see the UFF statement as a threat.
The leadership of the Ulster Democratic Party, which is linked to the Ulster Freedom Fighters, held a meeting on Saturday morning to discuss the talks it held on Friday with Progressive Unionist Party representatives.
But in an eleventh hour move, David Ervine of the Progressive Unionist Party, which is linked to the loyalist paramilitary Ulster Volunteer Force, said he and his assembly colleague Billy Hutchinson had signed Mr Trimble's motion.
Billy Hutchinson, assembly member for the Progressive Unionist Party which is linked to the UVF, said he did not believe the shooting was part of the feud which has centred on the Shankill area of west Belfast.
Assemblyman David Ervine and Dawn Purvis of the Progressive Unionist Party and the Lisburn councillors Gary McMichael and David Adams of the Ulster Democratic Party were involved in the discussions which were described as "an exploratory dialogue".
The Progressive Unionist Party's Billy Hutchinson, who also met General de Chastelain on Wednesday, said his party has yet to decide if it will be supporting David Trimble in the assembly vote at the end of the week.
Before the session was adjourned, DUP deputy leader Peter Robinson asked for clarification on the position of Progressive Unionist leader David Ervine, who has joined the Ulster Unionist Party Assembly Group.
BBC: NEWS | UK | Northern Ireland | NI politicians return to Stormont
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