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.