European Union (Iran) (Financial Sanctions) (No. 2) Regulations 2010.
Statutory Instruments
Source: Statutory Instruments

num: 1
paragraphs: These Regulations may be cited as the European Union (Iran) (Financial Sanctions) (No. 2) Regulations 2010.
num: 2
paragraphs: (1) In these Regulations “Council Regulation” means Council Regulation (EU) No. 961/2010 of 25 October 20101.
(2) A word or expression which is used in these Regulations and which is also used in the Council Regulation has, unless the context otherwise requires, the same meaning in these Regulations as it has in the Council Regulation.
num: 3
paragraphs: Subject to Regulation 4, a person commits an offence if he or she infringes the provisions of the Council Regulation as regards—
(a) the provision of investment,
(b) the provision of financing or financial assistance,
(c) the freezing of funds or economic resources,
(d) the making available of funds or economic resources,
(e) the transfer of funds,
(f) the due application of the measures referred to in Article 23 of the Council Regulation by credit and financial institutions in their activities with the institutions referred to in paragraph 2 of Article 23 of the Council Regulation,
(g) the doing of any of the things referred to in Article 24 of the Council Regulation by credit and financial institutions in their activities with the institutions referred to in Article 24 of the Council Regulation,
(h) the selling or purchasing, whether directly or indirectly, of public or public-guaranteed bonds issued after 26 July 2010, the provision of brokering services with regard to such bonds or the provision of assistance in the issue of such bonds by providing brokering services, advertising or any other service with regard to such bonds,
(i) the provision of insurance or reinsurance,
(j) the notification or supply of information to, or cooperation with, the competent authority, or,
(k) the participation in activities to circumvent the requirements of the Council Regulation as regards paragraph (a), (b), (c), (d), (e), (f), (g), (h), (i) or (j).
num: 4
paragraphs: Notwithstanding Regulation 3, a person who has received an authorisation under Article 12, 13, 17, 18, 19 or 21 of the Council Regulation may, subject to compliance with the terms and conditions of such authorisation, do such of the things referred to in Regulation 3 as are so authorised.
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paragraphs: The Central Bank of Ireland may, for the purposes of the administration and enforcement of the provisions of these Regulations, give such directions or issue such instructions to a person as it sees fit.
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paragraphs: A person who fails to comply with a direction or an instruction issued under Regulation 5 commits an offence.
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paragraphs: Where an offence under these Regulations is committed by a body corporate and is proved to have been so committed with the consent, connivance or approval of or to have been attributable to the neglect on the part of any person, being a director, manager, secretary or other officer of the body corporate or a person who was purporting to act in any such capacity, that person, as well as the body corporate, commits an offence and is liable to be proceeded against and punished as if he or she committed the first mentioned offence.
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paragraphs: A person guilty of an offence under these Regulations is liable—
(a) on summary conviction, to a fine not exceeding €5,000 or to imprisonment for a term not exceeding 12 months or to both, or
(b) on conviction on indictment, to a fine not exceeding €500,000 or to imprisonment for a term not exceeding 3 years or to both.
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paragraphs: The European Union (Iran) (Financial Sanctions) Regulations 2010 ( S.I. No. 525 of 2010 ) are revoked.