{
  "url": "https://openlegislation.uk/iran-european-community-financial-sanctions-regulations-2007/regulation-18",
  "json_url": "https://openlegislation.uk/iran-european-community-financial-sanctions-regulations-2007/regulation-18.json",
  "legislation": "uksi/2007/1374",
  "legislation_title": "The Iran (European Community Financial Sanctions) Regulations 2007",
  "legislation_url": "https://openlegislation.uk/iran-european-community-financial-sanctions-regulations-2007",
  "path": "regulation/18",
  "kind": "regulation",
  "number": "18",
  "heading": "Amendments to the Iran (Financial Sanctions) Order 2007",
  "text": "(1) The Iran (Financial Sanctions) Order 2007 is amended in accordance with paragraphs (2) to (7).\n(2) In the definition of “funds” in paragraph (1) of article 2, in sub-paragraph (c) for “derivative products” substitute “derivatives contracts”.\n(3) In paragraphs (1) and (3) of article 6, omit “, directly or indirectly,”.\n(4) After paragraph (1) of article 8, insert—\n“(1A) Article 7 does not prevent a relevant institution from crediting a frozen account where it receives funds transferred to a frozen account by a third party.”.\n(5) In paragraph (3) of article 8, after “an account” insert “with a relevant institution which is”.\n(6) For paragraph 2(3) of the Schedule, substitute—\n“(3) A relevant institution must inform the Treasury without delay if it credits a frozen account in accordance with article 8(1A).\n(3A) A relevant institution which fails to comply with a requirement in sub-paragraph (1), (2) or (3) is guilty of an offence.”.\n(7) In paragraph 3(1)(c) of the Schedule, omit “, directly or indirectly,”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 18 in force at 3.5.2007, see reg. 1(1)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2007/281."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/1374/regulation/18",
    "retrieved_at": "2026-10-29T03:53:17.714124+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}