Document ID: chunk:federal_register_of_legislation:F2016L00046:reg:8
Version: federal_register_of_legislation:F2016L00046
Segment Type: reg
Provision Reference: reg 8
Character Range: 6163–8647

8  Suspension of sanctions for specified activities—sanctioned commercial activities
 (1) This section is made for paragraph 5D(d) of the Regulations.
 (2) An activity mentioned in subregulation 5A(1) of the Regulations is not a sanctioned commercial activity to the extent that it relates to an entity or person mentioned in any of items 1 to 3 of the table in that subregulation.
 (3) An activity mentioned in subregulation 5A(2) of the Regulations is not a sanctioned commercial activity to the extent that it relates to an entity or person mentioned in any of items 1 to 3 of the table in that subregulation.
 (4) An activity mentioned in subregulation 5A(2) of the Regulations is not a sanctioned commercial activity to the extent that it relates to an entity or person mentioned in item 7 of the table in that subregulation that is acting on behalf of an entity or a person mentioned in any of items 1 to 3 of the table.
 (5) An activity mentioned in subregulation 5A(2) of the Regulations is not a sanctioned commercial activity to the extent that it relates to an entity or person mentioned in item 8 of the table in that subregulation that is acting at the direction of an entity or a person mentioned in any of items 1 to 3 of the table.
 (6) An activity mentioned in subregulation 5A(2) of the Regulations is not a sanctioned commercial activity to the extent that it relates to an entity or person mentioned in item 9 of the table in that subregulation that is owned or controlled by an entity or a person mentioned in any of items 1 to 3 of the table.
 (7) An activity mentioned in subregulation 5A(3) of the Regulations is not a sanctioned commercial activity to the extent that it relates to an entity or person mentioned in any of items 1 to 3 of the table in that subregulation.
 (8) An activity mentioned in any of paragraphs 5A(4)(a), (b) and (e) of the Regulations is not a sanctioned commercial activity to the extent that it relates to an entity or person mentioned in any of items 1 to 3 of the table in that subregulation.
 (9) An activity mentioned in paragraph 5A(4)(c) of the Regulations is not a sanctioned commercial activity to the extent that it relates to the opening by a financial institution of a representative office in Iran.
 (10) An activity mentioned in paragraph 5A(4)(d) of the Regulations is not a sanctioned commercial activity to the extent that it relates to the establishment by a financial institution of a branch or subsidiary in Iran.