The Iran (Asset-Freezing) Regulations 2011 (revoked)

UK Statutory Instrument 2011 No. 1129 — creates 6 criminal offences.

6offences created

0recorded in force

0revoked

Made: 14 April 2011
In force from: 15 April 2011
Extent: Not stated
Subject: International sanctions, export control and trade restrictions
Made under: European Communities Act 1972, Schedule 2 to, the European Communities Act 1972

Explanatory note

(This note is not part of the Regulations) — published with the instrument by the department that made it. © Crown copyright, reused under the Open Government Licence v3.0.

These Regulations make provision relating to the enforcement of Council Regulation (EU) No. 359/2011 of 12th April 2011 (OJ L 100, 14.4.2011, p.1) (“the Council Regulation”) concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Iran. The measures include the freezing of funds and economic resources of such persons and ensuring that funds and economic resources are not made available to them or for their benefit. Regulation 2 defines designated persons as any person named in Annex I to the Council Regulation (as amended from time to time). Regulations 3 to 7 provide prohibitions against dealing with the funds or economic resources of a designated person or making funds or economic resources available, directly or indirectly, to or for the benefit of, a designated person. Regulation 8 provides an exception to the prohibitions in regulations 4 and 5 in the circumstances set out in the Council Regulation where a frozen account is credited for a permitted reason. Regulation 9 provides a licensing procedure to enable funds and economic resources to be exempted from the prohibitions. Regulation 10 creates offences where the prohibitions in regulations 3 to 7 are contravened. Regulations 13 to 16 contain provisions about penalties, proceedings and who, in relation to bodies corporate and other bodies, may be prosecuted for an offence under the Regulations. The Schedule makes provision for information gathering and information disclosure. A list of designated persons is available on the Internet at: www.hm-treasury.gov.uk/fin_sanctions_index.htm. An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen. Further information is available from the Asset Freezing Unit, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ and on HM Treasury’s website (www.hm-treasury.gov.uk).

Offences created by this instrument

Reporting obligations of relevant institutions paragraph 1(5) of SCHEDULE · Status not determined · Strict liability
Failure to comply with request for information paragraph 4(1) of SCHEDULE · Status not determined · Requires proof of a state of mind
Contravention and circumvention of prohibitions regulation 10(1) · Status not determined · Mixed — some elements strict, some not
Contravention and circumvention of prohibitions regulation 10(2) · Status not determined · Requires proof of a state of mind
Licences regulation 9(5) · Status not determined · Requires proof of a state of mind
Licences regulation 9(6) · Status not determined · Strict liability

What Parliament said about it

Hansard was searched for this instrument by name and returned nothing. That is the ordinary outcome: an instrument laid under the negative procedure is usually never debated, and becomes law without a word said about it in either House.

How Parliament handled it

Parliament's Statutory Instruments service records procedure from May 2017 onwards, and this instrument predates it. That is a limit of the source, not a statement that nothing happened.

Check the source

This instrument on legislation.gov.uk The authoritative text, including amendments made since
Other instruments from 2011