Council Regulation (EU) No 267/2012 of 23 March 2012 concerning restrictive measures against Iran and repealing Regulation (EU) No 961/2010
Modified by
  • Council Implementing Regulation (EU) No 350/2012of 23 April 2012implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32012R0350, April 24, 2012
  • Council Regulation (EU) No 708/2012of 2 August 2012amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32012R0708, August 3, 2012
  • Council Implementing Regulation (EU) No 709/2012of 2 August 2012implementing Regulation (EU) No 267/2012 concerning restrictive measures against IranCorrigendum to Council Implementing Regulation (EU) No 709/2012 of 2 August 2012 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran(Official Journal of the European Union L 208 of 3 August 2012), 32012R070932012R0709R(01), August 3, 2012
  • Council Implementing Regulation (EU) No 945/2012of 15 October 2012implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32012R0945, October 16, 2012
  • Council Implementing Regulation (EU) No 1016/2012of 6 November 2012implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32012R1016, November 7, 2012
  • Council Regulation (EU) No 1067/2012of 14 November 2012amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32012R1067, November 15, 2012
  • Council Regulation (EU) No 1263/2012of 21 December 2012amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32012R1263, December 22, 2012
  • Council Implementing Regulation (EU) No 1264/2012of 21 December 2012implementing Regulation (EU) No 267/2012 concerning restrictive measures against IranCorrigendum to Council Implementing Regulation (EU) No 1264/2012 of 21 December 2012 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran(Official Journal of the European Union L 356 of 22 December 2012), 32012R126432012R1264R(01), December 22, 2012
  • Council Implementing Regulation (EU) No 522/2013of 6 June 2013implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32013R0522, June 8, 2013
  • Council Regulation (EU) No 517/2013of 13 May 2013adapting certain regulations and decisions in the fields of free movement of goods, freedom of movement for persons, company law, competition policy, agriculture, food safety, veterinary and phytosanitary policy, transport policy, energy, taxation, statistics, trans-European networks, judiciary and fundamental rights, justice, freedom and security, environment, customs union, external relations, foreign, security and defence policy and institutions, by reason of the accession of the Republic of Croatia, 32013R0517, June 10, 2013
  • Council Regulation (EU) No 971/2013of 10 October 2013amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32013R0971, October 12, 2013
  • Council Implementing Regulation (EU) No 1154/2013of 15 November 2013implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32013R1154, November 16, 2013
  • Council Implementing Regulation (EU) No 1203/2013of 26 November 2013implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32013R1203, November 27, 2013
  • Council Implementing Regulation (EU) No 1361/2013of 17 December 2013implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32013R1361, December 19, 2013
  • Council Regulation (EU) No 42/2014of 20 January 2014amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32014R0042, January 20, 2014
  • Council Implementing Regulation (EU) No 397/2014of 16 April 2014implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32014R0397, April 23, 2014
  • Council Implementing Regulation (EU) No 1202/2014of 7 November 2014implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32014R1202, November 8, 2014
  • Council Regulation (EU) 2015/229of 12 February 2015amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32015R0229, February 14, 2015
  • Council Implementing Regulation (EU) 2015/230of 12 February 2015implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32015R0230, February 14, 2015
  • Council Implementing Regulation (EU) 2015/549of 7 April 2015implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32015R0549, April 8, 2015
  • Council Implementing Regulation (EU) 2015/1001of 25 June 2015implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32015R1001, June 26, 2015
  • Council Regulation (EU) 2015/1327of 31 July 2015amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32015R1327, August 1, 2015
  • Council Regulation (EU) 2015/1328of 31 July 2015amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32015R1328, August 1, 2015
  • Council Regulation (EU) 2015/1861of 18 October 2015amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32015R1861, October 18, 2015
  • Council Implementing Regulation (EU) 2015/1862of 18 October 2015implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32015R1862, October 18, 2015
  • Council Implementing Regulation (EU) 2015/2204of 30 November 2015implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32015R2204, December 1, 2015
  • Council Regulation (EU) 2016/31of 14 January 2016amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32016R0031, January 15, 2016
  • Council Implementing Regulation (EU) 2016/74of 22 January 2016implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32016R0074, January 23, 2016
  • Council Implementing Regulation (EU) 2016/603of 18 April 2016implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32016R0603, April 20, 2016
  • Commission Implementing Regulation (EU) 2016/1375of 29 July 2016amending Council Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32016R1375, August 16, 2016
  • Council Implementing Regulation (EU) 2017/77of 16 January 2017implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32017R0077, January 17, 2017
  • Council Regulation (EU) 2017/964of 8 June 2017amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32017R0964, June 9, 2017
  • Council Implementing Regulation (EU) 2017/1124of 23 June 2017implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32017R1124, June 24, 2017
  • Council Implementing Regulation (EU) 2018/827of 4 June 2018implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32018R0827, June 6, 2018
  • Council Implementing Regulation (EU) 2019/855of 27 May 2019implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32019R0855, May 28, 2019
  • Commission Implementing Regulation (EU) 2019/1163of 5 July 2019amending and setting out a single list for the Annexes containing contact details of Member States competent authorities and address for notifications to the European Commission to certain Regulations concerning restrictive measures, 32019R1163, July 8, 2019
  • Council Implementing Regulation (EU) 2020/847of 18 June 2020implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32020R0847, June 19, 2020
  • Council Implementing Regulation (EU) 2020/1695of 12 November 2020implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32020R1695, November 13, 2020
Corrected by
  • Corrigendum to Council Regulation (EU) No 267/2012 of 23 March 2012 concerning restrictive measures against Iran and repealing Regulation (EU) No 961/2010, 32012R0267R(01), December 4, 2012
  • Corrigendum to Council Regulation (EU) No 267/2012 of 23 March 2012 concerning restrictive measures against Iran and repealing Regulation (EU) No 961/2010, 32012R0267R(05), March 28, 2014
  • Corrigendum to Council Regulation (EU) No 267/2012 of 23 March 2012 concerning restrictive measures against Iran and repealing Regulation (EU) No 961/2010, 32012R0267R(08), November 18, 2019
  • Corrigendum to Council Implementing Regulation (EU) No 709/2012 of 2 August 2012 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32012R0709R(01), February 12, 2013
  • Corrigendum to Council Implementing Regulation (EU) No 1264/2012 of 21 December 2012 implementing Regulation (EU) No 267/2012 concerning restrictive measures against Iran, 32012R1264R(01), October 10, 2013
Council Regulation (EU) No 267/2012of 23 March 2012concerning restrictive measures against Iran and repealing Regulation (EU) No 961/2010 CHAPTER IDEFINITIONS
Article 1For the purposes of this Regulation the following definitions shall apply:(a)'branch' of a financial or credit institution means a place of business which forms a legally dependent part of a financial or credit institution and which carries out directly all or some of the transactions inherent in the business of financial or credit institutions;(b)'brokering services' means:(i)the negotiation or arrangement of transactions for the purchase, sale or supply of goods and technology or of financial and technical services, including from a third country to any other third country, or(ii)the selling or buying of goods and technology or of financial and technical services, including where they are located in third countries for their transfer to another third country;(c)'claim' means any claim, whether asserted by legal proceedings or not, made before or after the date of entry into force of this Regulation, under or in connection with a contract or transaction, and includes in particular:(i)a claim for performance of any obligation arising under or in connection with a contract or transaction;(ii)a claim for extension or payment of a bond, financial guarantee or indemnity of whatever form;(iii)a claim for compensation in respect of a contract or transaction;(iv)a counterclaim;(v)a claim for the recognition or enforcement, including by the procedure of exequatur, of a judgment, an arbitration award or an equivalent decision, wherever made or given;(d)'contract or transaction' means any transaction of whatever form and whatever the applicable law, whether comprising one or more contracts or similar obligations made between the same or different parties; for this purpose 'contract' includes a bond, guarantee or indemnity, particularly a financial guarantee or financial indemnity, and credit, whether legally independent or not, as well as any related provision arising under, or in connection with, the transaction;(e)'competent authorities' refers to the competent authorities of the Member States as identified on the websites listed in Annex X;(f)'credit institution' means a credit institution as defined in Article 4(1) of Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutionsOJ L 177, 30.6.2006, p. 1., including its branches inside or outside the Union;(g)'customs territory of the Union' means the territory as defined in Article 3 of Council Regulation (EEC) No 2913/92 of 12 October 1992 establishing the Community Customs CodeOJ L 302, 19.10.1992, p. 1. and in Commission Regulation (EEC) No 2454/93 of 2 July 1993 laying down provisions for the implementation of Regulation (EEC) No 2913/92OJ L 253, 11.10.1993, p. 1.;(h)'economic resources' means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but which may be used to obtain funds, goods or services;(i)'financial institution' means(i)an undertaking, other than a credit institution, which carries out one or more of the operations included in points 2 to 12 and points 14 and 15 of Annex I to Directive 2006/48/EC, including the activities of currency exchange offices (bureaux de change);(ii)an insurance company duly authorised in accordance with Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)OJ L 335, 17.12.2009, p. 1., in so far as it carries out activities covered by that Directive;(iii)an investment firm as defined in point 1 of Article 4(1) of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instrumentsOJ L 145, 30.4.2004, p. 1.;(iv)a collective investment undertaking marketing its units or shares; or(v)an insurance intermediary as defined in Article 2(5) of Directive 2002/92/EC of the European Parliament and of the Council of 9 December 2002 on insurance mediationOJ L 9, 15.1.2003, p. 3., with the exception of intermediaries referred to in Article 2(7) of that Directive, when they act in respect of life insurance and other investment related services;including its branches inside or outside the Union;(j)'freezing of economic resources' means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;(k)'freezing of funds' means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;(l)'funds' means financial assets and benefits of every kind, including, but not limited to:(i)cash, cheques, claims on money, drafts, money orders and other payment instruments;(ii)deposits with financial institutions or other entities, balances on accounts, debts and debt obligations;(iii)publicly-and privately-traded securities and debt instruments, including stocks and shares, certificates representing securities, bonds, notes, warrants, debentures and derivatives contracts;(iv)interest, dividends or other income on or value accruing from or generated by assets;(v)credit, right of set-off, guarantees, performance bonds or other financial commitments;(vi)letters of credit, bills of lading, bills of sale; and(vii)documents showing evidence of an interest in funds or financial resources;(m)'goods' includes items, materials and equipment;(n)'insurance' means an undertaking or commitment whereby one or more natural or legal persons is or are obliged, in return for a payment, to provide one or more other persons, in the event of materialisation of a risk, with an indemnity or a benefit as determined by the undertaking or commitment;(o)'Iranian person, entity or body' means:(i)the State of Iran or any public authority thereof;(ii)any natural person in, or resident in, Iran;(iii)any legal person, entity or body having its registered office in Iran;(iv)any legal person, entity or body, inside or outside Iran, owned or controlled directly or indirectly by one or more of the above mentioned persons or bodies;(p)'reinsurance' means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;(q)'Sanctions Committee' means the Committee of the United Nations Security Council which was established pursuant to paragraph 18 of United Nations Security Council Resolution ("UNSCR") 1737 (2006);(r)'technical assistance' means any technical support related to repairs, development, manufacture, assembly, testing, maintenance, or any other technical service, and may take forms such as instruction, advice, training, transmission of working knowledge or skills or consulting services; including verbal forms of assistance;(s)'territory of the Union' means the territories of the Member States to which the Treaty is applicable, under the conditions laid down in the Treaty, including their airspace;(t)'transfer of funds' means:(i)any transaction carried out on behalf of a payer through a payment service provider by electronic means, with a view to making funds available to a payee at a payment service provider, irrespective of whether the payer and the payee are the same person. The terms payer, payee and payment service provider have the same meaning as in Directive 2007/64/EC of the European Parliament and of the Council of 13 November 2007 on payment services in the internal marketOJ L 319, 5.12.2007, p. 1.;(ii)any transaction by non-electronic means such as in cash, cheques or accountancy orders, with a view to making funds available to a payee irrespective of whether the payer and the payee are the same person.(u)'Joint Commission' means a joint commission consisting of representatives of Iran and of China, France, Germany, the Russian Federation, the United Kingdom and the United States with the High Representative of the Union for Foreign Affairs and Security Policy ("High Representative"), that will be established to monitor the implementation of the Joint Comprehensive Plan of Action of 14 July 2015 ("JCPOA") and will carry out the functions provided for in the JCPOA, in accordance with point ix of the JCPOA's "Preamble and General Provisions" and Annex IV to the JCPOA.
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