# The Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019, Regulation 37C: Trade: exceptions in relation to energy-related goods and energy-related technology


(1) The prohibitions in regulations 27M (financial services and funds relating to energy-related goods and energy-related technology) and 27N (brokering services: non-UK activity relating to energy-related goods and energy-related technology) are not contravened in relation to the provision of insurance or reinsurance to a relevant person where the provision of such insurance or reinsurance is not connected with the energy sector in Iran.
(2) The prohibitions in Chapter 1B of Part 5 (exports and related activities: energy-related goods and energy-related technology) and Chapter 1C of Part 5 (sectoral software goods and sectoral software and technology) are not contravened by a relevant activity that is necessary for the purposes of a UK petroleum project.
(3) In this regulation—
“energy-related goods” has the meaning given in regulation 34(1) (interpretation of Part 5);
“energy-related technology” has the meaning given in regulation 34(1);
“relevant activity” means any activity which would, in the absence of this regulation, contravene the prohibitions in Chapters 1B and 1C of Part 5;
“relevant person” means a person who is not a person connected with Iran;
“UK petroleum project” means an oil or gas exploration or production project that is wholly or partially located within—
(a)the United Kingdom;
(b)waters adjacent to the United Kingdom up to the seaward limits of the territorial sea, or the seabed and subsoil below them;
(c)areas from time to time designated under section 1(7) of the Continental Shelf Act 1964 (designation of areas of continental shelf), and any waters within the limits of such areas.

---
Source: https://www.legislation.gov.uk/uksi/2019/461/regulation/37C (the official version)
Page: https://openlegislation.uk/iran-sanctions-nuclear-eu-exit-regulations-2019/regulation-37C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.