Joint Proposal for a COUNCIL REGULATION amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran
Date: 2012-07-20
Institutions: European Commission, High Representative of the Union
Subjects: Iran, economic sanctions, international sanctions, trade restriction

EUROPEAN COMMISSION 

HIGH REPRESENTATIVE OF THE
EUROPEAN UNION FOR 
FOREIGN AFFAIRS AND 
SECURITY POLICY

Brussels, 20.7.2012  
JOIN(2012) 22 final 

2012/0203 (NLE) 

Joint Proposal for a 

COUNCIL REGULATION 

amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran 

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EXPLANATORY MEMORANDUM 

(1) 

(2) 

(3) 

(4) 

On  23  March  2012,  the  Council  adopted  Regulation  (EU)  No  267/2012  which 
repealed and replaced Regulation (EU) No 961/2010. 

That  Regulation  provides  for,  inter  alia,  the  freezing  of  all  funds  and  economic 
resources belonging to, owned, held or controlled by the persons, entities and bodies 
listed in Annexes VIII and IX to the Regulation. 

An amendment to point (e) of paragraph 2 of Article 23 is necessary in order to clarify 
the criteria to include persons, entities and bodies in Annex IX. 

The  High  Representative  for  Foreign  Affairs  and  Security  Policy  and  the  European 
Commission propose to amend Regulation (EU) No 267/2012 accordingly. 

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2012/0203 (NLE) 

Joint Proposal for a 

COUNCIL REGULATION 

amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran 

THE COUNCIL OF THE EUROPEAN UNION, 

Having  regard  to  the  Treaty  on  the  Functioning  of  the  European  Union,  and  in  particular 
Article 215 thereof,  

Having  regard  to  Council  Decision  2010/413/CFSP  of  26  July  2010  concerning  resrictive 
measures against Iran and repealing Common Position 2007/140/CFSP 1, 

Having  regard  to  the  joint  proposal  from  the  High  Representative  of  the  Union  for  Foreign 
Affairs and Security Policy and the European Commission, 

Whereas: 

(1) 

(2) 

(3) 

Council Regulation (EU) No 267/20122 of 23 March 2012 gives effect to the measures 
provided for in Decision 2010/413/CFSP concerning restrictive measures against Iran. 
That  Regulation  provides  for,  inter  alia,  the  freezing  of  all  funds  and  economic 
resources belonging to, owned, held or controlled by the persons, entities and bodies 
listed in Annexes VIII and IX to the Regulation. 

An amendment to point (e) of paragraph 2 of Article 23 is necessary in order to clarify 
the criteria to include persons, entities and bodies in Annex IX to that Regulation. 

This measure falls within the scope of the Treaty on the Functioning of the European 
Union and regulatory action at the level of the Union is therefore necessary in order to 
implement it, in particular with a view to ensuring its uniform application by economic 
operators in all Member States. 

(4) 

Regulation (EU) No 267/2012 should therefore be amended accordingly, 

HAS ADOPTED THIS REGULATION: 

Regulation (EU) No 267/2012 is amended as follows: 

Article 1 

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2 

OJ L 195, 27.7.2010. p. 39. 
OJ L 88, 24.3.2012, p. 1. 

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(1) 

In Article 23, point (e) of paragraph 2, is replaced by the following: 

“(e) being a legal person, entity or body owned or controlled by the Islamic Republic 
of Iran Shipping Lines (IRISL), or a natural or legal person, entity or body acting on 
their behalf.” 

This  Regulation  shall  enter  into  force  on  the  day  following  that  of  its  publication  in  the 
Official Journal of the European Union. 

Article 2 

This Regulation shall be binding in its entirety and directly applicable in all Member States. 

Done at Brussels, 

For the Council 
The President 

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