European Union (Iran) (Financial Sanctions) Regulations 2012.
Statutory Instruments
Source: Statutory Instruments

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paragraphs: These Regulations may be cited as the European Union (Iran) (Financial Sanctions) Regulations 2012.
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paragraphs: (1) In these Regulations—
(a) Council Implementing Regulation (EU) No. 503/2011 of 23 May 20113 ,
(b) Council Implementing Regulation (EU) No. 1245/2011 of 1 December 20114 ,
(c) Council Implementing Regulation (EU) No. 54/2012 of 23 January 20125 ,
(d) Council Regulation (EU) No. 56/2012 of 23 January 20126 ;
(2) A word or expression which is used in these Regulations and which is also used in Council Regulation (EU) No. 961/2010 or Council Regulation (EU) No. 359/2011 has, unless the context otherwise requires, the same meaning in these Regulations as it has in the Council Regulation concerned.
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paragraphs: Subject to Regulation 4, a person commits an offence if he or she infringes the provisions of Council Regulation (EU) No. 961/2010 or Council Regulation (EU) No. 359/2011 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 Council Regulation (EU) No. 961/2010 by credit and financial institutions in their activities with the institutions referred to in paragraph 2 of Article 23 of Council Regulation (EU) No. 961/2010,
(g) the doing of any of the things referred to in Article 24 of Council Regulation (EU) No. 961/2010 by credit and financial institutions in their activities with the institutions referred to in Article 24 of Council Regulation (EU) No. 961/2010,
(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 Council Regulation (EU) No. 961/2010 as regards paragraph (a), (b), (c), (d), (e), (f), (g), (h), (i) or (j) or Council Regulation (EU) No. 359/2011 as regards paragraph (c) or (j).
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paragraphs: Notwithstanding Regulation 3, a person who has received an authorisation under Article 12, 13, 17, 18, 19, 19a or 21 of Council Regulation (EU) No. 961/2010 or an authorisation under Article 4, 5 or 7 under Council Regulation (EU) No. 359/2011 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 given 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 Class A fine 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) (No.3) Regulations 2011 ( S.I. No. 564 of 2011 ) are revoked.