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The Iran (Restrictive Measures) (Overseas Territories) (Amendment) (No. 2) Order 2013 - Advisory Warning No. 11 of 2014 (13 August 2014)
Advisory Warning No. 11 of 2014
13 August, 2014
ADVISORY WARNING
The Iran (Restrictive Measures) (Overseas Territories) (Amendment) (No. 2) Order 2013
(U.K.S.I. 2013 No. 1444)
Tortola, British Virgin Islands – 13 August 2014 The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 13th June, 2013, The Iran (Restrictive Measures) (Overseas Territories) (Amendment) (No. 2) Order 2013 (the “Order”) was ratified and extended to the Territory.
NOTICE IS HEREBY GIVEN that this Order has been extended to the Territory by virtue of Schedule 1 to the Iran (Restrictive Measures) (Overseas Territories) (Amendment) Order 2012 (the “Principal order”).
AND NOTICE IS FURTHER GIVEN that this Order amends the Principal Order (S.I. 2012/1756), which gave effect to EU Council Decision 2012/635/CFSP of 15 October 2012 which amends the EU sanctions regime adopted in response to concerns about Iran’s Nuclear programme.
This Order introduces in the specified UK Overseas Territories new prohibitions on the sale, supply, transfer and export of certain key technology and software, natural gas, graphite and raw or semi-finished materials. The provision of brokering services, financing or financial assistance in respect of these goods is also prohibited. Restrictions are imposed on credit and financial institutions in the UK Overseas Territories in respect of making transfers to or receiving transfers from Iranian credit and financial institutions and bureaux de change. The provision of services to Iranian vessels, and the provision of vessels to store or transport oil or petroleum products for Iranian persons or entities is prohibited.
The European Union in Council Decision 2012/635 CFSP of 15th October, 2012 may be viewed in its entirety at the following URL:
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:282:0058...
The Iran (Restrictive Measures) (Overseas Territories) (Amendment) (No. 2) Order 2013 may be viewed in its entirety at the following URL:
