(1) A person ("P") must not directly or indirectly grant a loan or credit to a relevant entity ("E"), where P knows or has reasonable cause to suspect that E is a relevant entity.

(2) A person ("P") must not directly or indirectly acquire or extend a participation, or acquire any ownership interest, in a relevant entity ("E"), where P knows or has reasonable cause to suspect that E is a relevant entity.

(3) A person ("P") must not directly or indirectly create a joint venture with a relevant entity ("E"), where P knows or has reasonable cause to suspect that E is a relevant entity.

(4) But paragraphs (1) to (3) are not contravened by anything done in compliance with a contract or agreement which -

(a) relates to the exploration, production or refining of crude oil and which was concluded before 23 September 2011, or

(b) relates to the construction or installation of a new power plant for electricity production and which was concluded before 19 January 2012.