Council Regulation (EU) No 267/2012Show full title

Council Regulation (EU) No 267/2012 of 23 March 2012 concerning restrictive measures against Iran and repealing Regulation (EU) No 961/2010

Article 21

Article 17(2)(c) shall not apply to the granting of a financial loan or credit or to the acquisition or extension of a participation, if the following conditions are met:

(a)

the transaction is required by an agreement or contract concluded before 23 January 2012; and

(b)

the competent authority has been informed at least 20 working days in advance of that agreement or contract.