Citation, commencement and extent1
1
This Order may be cited as the Iran (Sanctions) (Isle of Man) Order 2023 and comes into force on 14th December 2023.
2
This Order extends to the Isle of Man.
Extension of the Iran (Sanctions) Regulations 20232
The Iran (Sanctions) Regulations 20232 as amended from time to time extend to the Isle of Man with the modifications specified in the Schedule.
Extension of the Sanctions and Anti-Money Laundering Act 20183
1
Subject to the modifications set out in sub-paragraphs (a) and (c), the following provisions of the Sanctions and Anti-Money Laundering Act 2018 extend to the Isle of Man for the purposes of the Iran (Sanctions) Regulations 2023 as modified and extended to the Isle of Man by this Order—
a
section 43 (guidance about regulations under section 1), except that, in its application to the Isle of Man—
i
the reference in subsection (1) of that section to regulations under section 1 is to be read as a reference to the Iran (Sanctions) Regulations 2023 as modified and extended to the Isle of Man by this Order, and
ii
the reference in subsection (1) of that section to the appropriate Minister who made the regulations is to be read as a reference to the Treasury;
b
section 44 (protection of acts done for purposes of compliance);
c
section 53 (saving for prerogative powers), except that, in its application to the Isle of Man, the reference in subsection (1) of that section to the United Kingdom is to be read as a reference to the Isle of Man.
2
In this article, “Treasury” has the meaning given in the Interpretation Act 2015 (of Tynwald)3.