Further export and import restrictions relating to listed goods etc.

Offences related to restrictions on investment on Iranian uranium mining and nuclear industry

19.—(1) A person to whom this Order applies (“P”) commits an offence if P knowingly accepts or approves, by concluding an agreement or by any other means—

(a)the granting of any financial loan or credit,

(b)the acquisition or extension of a participation, or

(c)the creation of a joint venture,

by one or more Iranian persons, entities or bodies in an enterprise engaged in an activity falling within paragraph (2).

(2) The following activities fall within this paragraph—

(a)uranium mining,

(b)uranium enrichment and reprocessing of uranium, and

(c)the manufacture of goods or technology included in the Nuclear Suppliers Group or Missile Technology Control Regime lists.

(3) Paragraph (1) does not apply if P is acting under the authority of a licence granted by the Governor under this Order.