Regulation 37F Trade: exception in respect of the acquisition of goodsF1

(1)

The prohibitions specified in paragraph (3) do not apply in relation to relevant goods located in the United Kingdom or the Isle of Man having been lawfully imported there.

(2)

The prohibitions specified in paragraph (3)(e) to (l) do not apply to a United Kingdom national in Iran engaging in any activity subject to any of those prohibitions where—

(a)

the relevant goods are located in Iran, and

(b)

those relevant goods are for the purposes of personal use, in Iran, by that United Kingdom national, or their immediate family members.

(3)

The prohibitions specified in this paragraph are those in—

(a)

regulation 31E(1) (acquisition of gold, precious metals and diamonds);

(b)

regulation 31G(1)(b) (technical assistance relating to the acquisition of gold, precious metals and diamonds);

(c)

regulation 31H(1)(b) (financial services or funds relating to the acquisition of gold, precious metals or diamonds);

(d)

regulation 31I(1) (brokering services relating to gold, precious metals or diamonds) insofar as the prohibition relates to arrangements specified in regulation 31H(1)(b);

(e)

regulation 31K(1) (acquisition of oil and petroleum products);

(f)

regulation 31M(1)(b) (technical assistance relating to the acquisition of oil and petroleum products);

(g)

regulation 31N(1)(b) (financial services and funds relating to the acquisition of oil and petroleum products);

(h)

regulation 31O(1) (brokering services relating to oil and petroleum products) insofar as the prohibition relates to arrangements specified in regulation 31N(1)(b);

(i)

regulation 31Q(1) (acquisition of petrochemicals);

(j)

regulation 31S(1)(b) (technical assistance relating to the acquisition of petrochemicals);

(k)

regulation 31T(1)(b) (financial services and funds relating to the acquisition of petrochemicals);

(l)

regulation 31U(1) (brokering services relating to petrochemicals) insofar as the prohibition relates to arrangements specified in regulation 31T(1)(b);

(m)

regulation 31W(1) (acquisition of natural gas);

(n)

regulation 31Y(1)(b) (technical assistance relating to the acquisition of natural gas);

(o)

regulation 31Z(1)(b) (financial services and funds relating to the acquisition of natural gas);

(p)

regulation 31Z1 (brokering services relating to natural gas) insofar as the prohibition relates to arrangements specified in regulation 31Z(1)(b).

(4)

In this regulation—

“immediate family member” means—
1. (a)
  a wife or husband;
2. (b)
  a civil partner;
3. (c)
  a parent or step-parent;
4. (d)
  a child or step-child;
5. (e)
  a sibling or step-sibling;
6. (f)
  a niece or nephew;
7. (g)
  an aunt or uncle;
8. (h)
  a grandparent;
9. (i)
  a grandchild;
“relevant goods” means any thing specified in Schedules 1B (gold, precious metals and diamonds), 1E (natural gas), 1F (oil and petroleum products) and 1H (petrochemicals) as applicable.

Annotations

Textual amendments

F1: Regs. 37B-37G inserted (29.9.2026) by The Iran (Sanctions) (Amendment) Regulations 2026 (S.I. 2026/983), regs. 1(2), 9(c)