icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 [SI 2019 No. 461]Introductory TextPart 1 General (regs. 1-4)Regulation 1 Citation and commencementRegulation 2 InterpretationRegulation 3 Application of prohibitions and requirements outside the United KingdomRegulation 4 PurposesPart 2 Designation of persons (regs. 5-10)Regulation 5 Power to designate personsRegulation 6 Criteria for designating a personRegulation 7 Meaning of "owned or controlled directly or indirectly"Regulation 8 Notification and publicity where designation power usedRegulation 9 Confidential information in certain cases where designation power usedRegulation 10 Designation of persons named by or under UN Security Council ResolutionsPart 3 Finance (regs. 11-18)Regulation 11 Meaning of "designated person" in Part 3Regulation 12 Asset-freeze in relation to designated personsRegulation 13 Making funds available to designated personRegulation 14 Making funds available for benefit of designated personRegulation 15 Making economic resources available to designated personRegulation 16 Making economic resources available for benefit of designated personRegulation 17 Financial messaging servicesRegulation 18 Circumventing etc prohibitionsPart 3A Director disqualification sanctions (reg. 18A)Regulation 18A Director disqualification sanctionsPart 4 Immigration (reg. 19)Regulation 19 ImmigrationPart 5 Trade (regs. 20-36)Chapter 1 Exports to Iran and related activities (regs. 20-27)Regulation 20 Meaning of "restricted goods" and "restricted technology" in this ChapterRegulation 21 Export of restricted goods to, or for use in, IranRegulation 22 Supply and delivery of restricted goods from a third country to IranRegulation 23 Making available restricted goods and restricted technologyRegulation 24 Transfer of restricted technology to a place in Iran or a person connected with IranRegulation 25 Technical assistance relating to restricted goods and restricted technologyRegulation 26 Financial services and funds relating to restricted goods and restricted technologyRegulation 27 Brokering services: non-UK activity relating to restricted goods and restricted technologyChapter 2 Imports from Iran and related activities (regs. 28-31)Regulation 28 Import of certain goods from IranRegulation 29 Supply and delivery of certain goods to a third country from a place in IranRegulation 30 Acquisition of certain goods and technology which are located in IranRegulation 31 Transfer of certain technology from a place in IranChapter 3 Other trade restrictions relation to Iran (regs. 32-33)Regulation 32 Arrangements relating to uranium mining and certain restricted goods and technologyRegulation 33 Services in relation to certain ships and aircraftChapter 4 Interpretation of this Part and further provision (regs. 34-36)Regulation 34 Interpretation of this PartRegulation 35 Circumventing etc prohibitionsRegulation 36 DefencesPart 6 Exceptions and licences (regs. 37-45)Regulation 37 Finance: exceptions from prohibitionsRegulation 37ZZA Finance: exception from prohibitions for required paymentsRegulation 37ZA Finance: humanitarian exceptionRegulation 37A Exception for authorised conduct in a relevant countryRegulation 38 Exception for acts done for purposes of national security or prevention of serious crimeRegulation 39 Exception relating to services provided to certain ships and aircraftRegulation 40 Treasury licencesRegulation 40A Director disqualification licencesRegulation 41 Trade licencesRegulation 42 Licences: general provisionsRegulation 43 Finance: licensing offencesRegulation 43A Director disqualification: licensing offencesRegulation 44 Trade: licensing offencesRegulation 45 Section 8B(1) to (3) of Immigration Act 1971: directionsPart 7 Information and records (regs. 46-55)Regulation 46 Finance: reporting obligationsRegulation 46A Finance: reporting obligations for required paymentsRegulation 47 "Relevant firm"Regulation 48 Finance: powers to request informationRegulation 49 Finance: production of documentsRegulation 50 Finance: information offencesRegulation 51 Trade: application of information powers in CEMARegulation 52 General trade licences: recordsRegulation 53 General trade licences: inspection of recordsRegulation 54 Disclosure of informationRegulation 54A Finance: disclosure to the TreasuryRegulation 55 Part 7: supplementaryPart 8 Enforcement (regs. 56-64)Regulation 56 Penalties for offencesRegulation 57 Liability of officers of bodies corporate etcRegulation 58 Jurisdiction to try offencesRegulation 59 Procedure for offences by unincorporated bodiesRegulation 60 Time limit for proceedings for summary offencesRegulation 61 Trade enforcement: application of CEMARegulation 62 Trade offences in CEMA: modification of penaltyRegulation 63 Application of Chapter 1 of Part 2 of Serious Organised Crime and Police Act 2005Regulation 64 Monetary penaltiesPart 9 Maritime enforcement (regs. 65-70)Regulation 65 Exercise of maritime enforcement powersRegulation 66 Maritime enforcement officersRegulation 67 Power to stop, board, search etcRegulation 68 Seizure powerRegulation 69 Restrictions on exercise of maritime enforcement powersRegulation 70 Interpretation of Part 9Part 10 Supplementary and final provision (regs. 71-78)Regulation 71 NoticesRegulation 72 Article 20 of the Export Control Order 2008Regulation 73 Trade: overlapping offencesRegulation 74 RevocationsRegulation 75 Transitional provision: Treasury licencesRegulation 76 Transitional provision: trade licencesRegulation 77 Transitional provision: pending applications for trade licencesRegulation 78 Transitional Provisions: prior obligationsSchedule 1 Rules for interpretation of regulation 7(2)Schedule 2 Treasury licences: purposesSchedule 2, Part 1 Designated Persons (paras. 1-7)Schedule 2, Part 1A Purposes relating only to UN designated persons (para. 7A)Schedule 2, Part 2 Non-UN designated persons (paras. 8-10)Schedule 2, Part 3 Interpretation (para. 11)SignatureExplanatory NoteExplanatory Memorandum
Page Overview
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 10th January 2025
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 2 of 2

Regulation 17 Financial messaging services

(1) A person ("P") must not provide specialised financial messaging services to a designated person if P knows or has reasonable cause to suspect that P is providing such services to a designated person.

(2) Paragraph (1) is subject to Part 6 (Exceptions and licences).

(3) A person who contravenes the prohibition in paragraph (1) commits an offence.

(4) In paragraph (1), "specialised financial messaging services" means specialised services enabling credit or financial institutions to electronically transmit messages effecting financial transactions or containing information about financial transactions.

PreviousNext