The Hydrocarbons (Temporary Management Scheme) Regulations 2013
The Regulations are made further to Article 43a of EU Regulation No. 267/2012 of the Council concerning restrictive measures against Iran and repealing EU Regulation No. 961/2010 (OJ No L 88, 24.3.2012), as amended (“the Iran Sanctions Regulation”). Under that Article, a member State may authorise activities related to the exploration for, or exploitation of, hydrocarbons undertaken pursuant to a licence for such exploration or exploitation issued to a person listed in Annex IX to the Iran Sanctions Regulation. Where there is an authorisation, a derogation applies from certain restrictions in the Iran Sanctions Regulation, which at the date the Regulations are made are Articles 8, 9, 17(1), 17(2)(b), 23(2) and (3), 30 and 35.
Lifecycle
Department
Made
04 Jun 2013
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In force
30 Jun 2013
Enabling power
Accordingly, the Secretary of State, in exercise of the powers conferred by section 2(2) of, as read with paragraph 1A of Schedule 2 to, that Act, makes the following Regulations:
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