Transitional Provisions: prior obligationsU.K.
78.—(1) Where—
(a)a person was named in Annex ⅠX of the EU Iran Regulation immediately before the relevant date, and
(b)the person is a designated person immediately before the relevant date,
any reference in a provision mentioned in paragraph (3) to the date on which a person became a designated person is to be read as a reference to the date on which the person was named in that Annex.
(2) Where, immediately before the coming into force of regulation 10 (designation of persons named by or under UN Security Council Resolutions), a person was named for the purposes of paragraph 6(c) of Annex B to resolution 2231 by the Security Council or the Committee, any reference in a provision mentioned in paragraph (3) to the date on which a person became a designated person is to be read as a reference to—
(a)the date on which the person was named on the list established by the Committee pursuant to resolution 1737, or
(b)if the person was not named on that list, the date on which the person was otherwise named for the purposes of paragraph 6(c) of Annex B to resolution 2231.
(3) The provisions referred to in paragraphs (1) and (2) are—
(a)regulation 37(5) (finance: exceptions from prohibitions), and
(b)paragraphs 5(b)(i) and 6(1)(a) of Schedule 2 (Treasury licences: purposes).
(4) In paragraph (1), the reference to the date on which a person was named in Annex IX of the EU Iran Regulation—
(a)if the person had previously been named in Annex V of the 2007 EU Iran Regulation, is to be read as the date on which the person was named in that Annex;
(b)if the person had previously been named in Annex VIII of the 2010 EU Iran Regulation but not in Annex V of the 2007 EU Iran Regulation, is to be read as the date on which the person was named in Annex VIII of the 2010 EU Iran Regulation.
(5) In this regulation—
“the 2007 EU Iran Regulation” means Council Regulation (EC) No 423/2007 of 19 April 2007 concerning restrictive measures against Iran M1;
“the 2010 EU Iran Regulation” means Council Regulation (EU) No 961/2010 of 25 October 2010 on restrictive measures against Iran and repealing Regulation (EC) No 423/2007 M2;
“designated person” has the same meaning as it has in Part 3 (Finance);
“the relevant date” means—
where regulations under section 56 of the Act provide that Part 3 comes into force at a specified time on a day, that time on that day;
otherwise, the date on which Part 3 comes into force.
Commencement Information
I1Reg. 78 not in force at made date, see reg. 1(2)
I2Reg. 78 in force at 31.12.2020 by S.I. 2019/627, reg. 8(2); 2020 c. 1, Sch. 5 para. 1(1)
Marginal Citations
M1OJ L 103, 20.4.2007, p. 1.
M2OJ L 281, 27.10.2010, p. 1.