Paragraph 7A Pre-existing judicial decisions etc.F1

United Kingdom

(F21)

To enable, by the use of a designated person's frozen funds or economic resources, the implementation or satisfaction (in whole or in part) of a judicial, administrative or arbitral decision or lien, provided that—

(a)

the funds or economic resources so used are the subject of the decision or lien,

(b)

the decision or lien—

(i)

was made or established F3at a time when the person was not a designated person, and

(ii)

is enforceable in the United Kingdom, F4...

(c)

the use of the frozen funds or economic resources does not directly or indirectly benefit any other designated person F5, and

(F6d)

where sub-paragraph (2) applies, the activities to which the decision or the lien relate are consistent with—

(ii)

the Joint Comprehensive Plan of Action, and

(iii)

the provisions of resolutions 1696, 1737, 1747, 1803, 1835, 1929, and 2231.

(F72)

This sub-paragraph applies where the decisions or liens concerned were made or established at a time when the person concerned ceased to be a designated person pursuant to paragraph 7 of resolution 2231.

Annotations

Textual amendments

F1: Sch. 2 Pt. 1A inserted (5.12.2024) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024 (S.I. 2024/1157), regs. 1(2), 6(13)(b)
F2: Sch. 2 para. 7A renumbered as Sch. 2 para. 7A(1) (1.10.2025) by The Iran (Sanctions) (Nuclear) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/1052), regs. 1(2), 10(5)(a)
F3: Words in Sch. 2 para. 7A(1)(b)(i) substituted (1.10.2025) by The Iran (Sanctions) (Nuclear) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/1052), regs. 1(2), 10(5)(b)(i)
F4: Word in Sch. 2 para. 7A(1)(b) omitted (1.10.2025) by virtue of The Iran (Sanctions) (Nuclear) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/1052), regs. 1(2), 10(5)(b)(ii)
F5: Word in Sch. 2 para. 7A(1)(c) inserted (1.10.2025) by The Iran (Sanctions) (Nuclear) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/1052), regs. 1(2), 10(5)(b)(iii)
F6: Sch. 2 para. 7A(1)(d) inserted (1.10.2025) by The Iran (Sanctions) (Nuclear) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/1052), regs. 1(2), 10(5)(b)(iv)
F7: Sch. 2 para. 7A(2) inserted (1.10.2025) by The Iran (Sanctions) (Nuclear) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/1052), regs. 1(2), 10(5)(c)