Document ID: chunk:federal_register_of_legislation:F2016L01181:reg:18
Version: federal_register_of_legislation:F2016L01181
Segment Type: reg
Provision Reference: reg 18
Character Range: 21746–24023

18  Permit for assets and controlled assets
 (1) The Minister may grant a person a permit authorising:
 (a) the making available of an asset or the use of, or dealing with, the asset so far as the availability, use or dealing is necessary for:
 (i) civil nuclear cooperation projects described in Annex III of the JCPOA; or
 (ii) activities directly related to the items specified in paragraph 2 of Annex B to the JCPOA, or to any other activity required for the implementation of the JCPOA; or
 (b) a basic expense dealing, a legally required dealing, a contractual dealing, a required payment dealing or an extraordinary expense dealing within the meaning of regulation 5 of the Charter of the United Nations (Dealing with Assets) Regulations 2008.
Note: Section 13A of the Act applies to a permit granted by the Minister under this subsection.
 (2) The permit is subject to any conditions specified in the permit.
 (3) A permit for activities covered by paragraph (1)(a) must not be granted without the approval of the Security Council.
 (4) A permit for a basic expense dealing must not be granted unless the Minister:
 (a) has notified the Security Council of the intention to grant the permit; and
 (b) within 5 working days of the notification, the Security Council has not advised against granting a permit to the applicant.
 (5) A permit for a legally required dealing must not be granted unless the Minister has notified the Security Council of the intention to grant the permit.
 (6) A permit for a required payment dealing:
 (a) must not relate to a sanctioned supply, a sanctioned service or a procurement of import sanctioned goods from Iran or from a person or entity in Iran (except as permitted under paragraph (1)(a)); and
 (b) must not allow for a payment to be directly or indirectly received by a designated person or entity; and
 (c) must not be granted unless:
 (i) the Minister has notified the Security Council of the intention to grant the permit; and
 (ii) 10 working days have passed since notification was given.
 (7) A permit for an extraordinary expense dealing must not be granted without the approval of the Security Council.
Note: Part 2 of the Charter of the United Nations (Dealing with Assets) Regulations 2008 applies to this instrument.