# The Iran (European Union Financial Sanctions) Regulations 2012 (revoked) S.I. 2012/925 ยท revised to 18 January 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PDFs: Printed copy https://openlegislation.uk/iran-european-union-financial-sanctions-regulations-2012-revoked/pdf/uksi_20120925_en.pdf; Explanatory Memorandum https://openlegislation.uk/iran-european-union-financial-sanctions-regulations-2012-revoked/pdf/uksiem_20120925_en.pdf ## Introductory text Criminal Law Made at 11.00 a.m. on 26th March 2012 Laid before Parliament at 2.00 p.m. on 26th March 2012 Coming into force at 3.00 p.m. on 26th March 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 1: General ## 1 Citation, commencement and application . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 2: Funds and Economic Resources ## 3 Freezing of funds and economic resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Making funds available to a designated person . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Making funds available for the benefit of a designated person . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Making economic resources available to a designated person . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Making economic resources available for the benefit of a designated person . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 Credits to a frozen account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8A Exemptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Licences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 3: Restrictions on Transfers of Funds and on Financial Services ## 9A Transfers of funds to or from Iranian credit or financial institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Transfers of funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Authorisations and notifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Financial messaging services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Branches and subsidiaries of Iranian credit and financial institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Credit and financial institutions: accounts and correspondent banking relationships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Acquisition or extension of ownership interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Sale or purchase of bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Insurance and reinsurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 4: Offences ## 19 Contravention and circumvention of prohibitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Officers of a body corporate etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 22 Proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 Consent to prosecution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Part 5: Miscellaneous ## 24 Information provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 26 The Crown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Amendment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Revocation and repeal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Schedule: Information Provisions ## 1 Reporting obligations of relevant institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Powers to request information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Production of documents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 Failure to comply with request for information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 General power to disclose information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Application of provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Explanatory note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/uksi/2012/925 (the official version) Page: https://openlegislation.uk/iran-european-union-financial-sanctions-regulations-2012-revoked Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.