The European Union Financial Sanctions (Enhanced Penalties) Regulations 2017 No. 560

Iran (Asset-Freezing) Regulations 2011

6.—(1) Regulation 14 (penalties) of the Iran (Asset-Freezing) Regulations 2011(1) is amended as follows.

(2) In paragraph (1)(a), for “two” substitute “seven”.

(3) In paragraphs (1)(b) and (2), for “three months” substitute “the relevant maximum”.

(4) After paragraph (2) insert—

“(3) For the purposes of this regulation, “the relevant maximum” is—

(a) in England and Wales, twelve months (or, in relation to offences committed before section 154(1) of the Criminal Justice Act 2003 comes into force, six months);

(b) in Scotland, twelve months;

(c) in Northern Ireland, six months.”.

(1)

S.I. 2011/1129; amended by S.I. 2013/472 and 2013/534.