{
  "url": "https://openlegislation.uk/iran-sanctions-nuclear-eu-exit-regulations-2019/regulation-31N",
  "json_url": "https://openlegislation.uk/iran-sanctions-nuclear-eu-exit-regulations-2019/regulation-31N.json",
  "legislation": "uksi/2019/461",
  "legislation_title": "The Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/iran-sanctions-nuclear-eu-exit-regulations-2019",
  "path": "regulation/31N",
  "kind": "regulation",
  "number": "31N",
  "heading": "Financial services and funds relating to oil and petroleum products",
  "text": "(1) A person must not directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is—\n(a) the import of oil and petroleum products which—\n(i) originate in Iran, or\n(ii) are consigned from Iran,\n(b) the direct or indirect acquisition of oil and petroleum products which—\n(i) originate in Iran, or\n(ii) are located in Iran, or\n(c) the direct or indirect supply or delivery of oil and petroleum products from a place in Iran to a third country.\n(2) Paragraph (1) is are subject to Part 6 (Exceptions and licences).\n(3) A person who contravenes the prohibition in paragraph (1) commits an offence, but it is a defence for a person charged with that offence (“P”) to show that P did not know and had no reasonable cause to suspect that the financial services or funds (as the case may be) were provided in pursuance of or in connection with an arrangement mentioned in that paragraph.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 5 Chs. 2A-2D inserted (29.9.2026) by The Iran (Sanctions) (Amendment) Regulations 2026 (S.I. 2026/983), regs. 1(2), 7(m)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/461/regulation/31N",
    "retrieved_at": "2026-10-28T22:45:44.769063+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."
}