Regulation 17D Sale or purchase of bondsF1

(1)

A person (“P”) must not directly or indirectly—

(a)

sell to a person falling within paragraph (4), or

(b)

purchase from such a person,

Iranian bonds or bonds guaranteed by the Government of Iran and issued after 8th September 2026 if P knows, or has reasonable cause to suspect, that the sale or purchase of such bonds is directly or indirectly to or from such a person.

(2)

A person (“P”) must not provide brokering services to a person falling within paragraph (4) in respect of Iranian bonds or bonds guaranteed by the Government of Iran and issued after 8th September 2026, if P knows, or has reasonable cause to suspect, that the person falls within paragraph (4).

(3)

A person (“P”) must not provide—

(a)

brokering services,

(b)

advertising services, or

(c)

any other service,

if P knows, or has reasonable cause to suspect, that the provision of the service assists a person falling within paragraph (4) to issue Iranian bonds or bonds guaranteed by the Government of Iran.

(4)

The following persons fall within this paragraph—

(a)

the Government of Iran,

(b)

a person falling within regulation 17B(5) (Iranian credit or financial institutions);

(c)

a person acting on behalf of or at the direction of a person falling within sub-paragraph (a), or (b);

(d)

a person, other than an individual, which is owned or controlled directly or indirectly (within the meaning of regulation 7) by a person falling within sub-paragraph (a), (b) or (c).

(5)

Paragraphs (1) to (3) are subject to Part 6 (Exceptions and licences).

(6)

A person who contravenes a prohibition in paragraph (1), (2) or (3) commits an offence.

(7)

For the purposes of this regulation, “Iranian bonds” means bonds issued by the Government of Iran.

Annotations

Textual amendments

F1: Regs. 17A-17D inserted (29.9.2026) by The Iran (Sanctions) (Amendment) Regulations 2026 (S.I. 2026/983), regs. 1(2), 6(c)

Notes on Chapter 2

Textual amendments

F1: Pt. 3 Ch. 2 heading inserted (29.9.2026) by The Iran (Sanctions) (Amendment) Regulations 2026 (S.I. 2026/983), regs. 1(2), 6(b)