The Protection of Trading Interests (Authorisation) Regulations 2021

• Citation: S.I. 2021/132
• Sections: 4

Section 1 Citation

These Regulations may be cited as the Protection of Trading Interests (Authorisation) Regulations 2021.

Section 2 Interpretation

In these Regulations—

“ the Helms-Burton Act ” means the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 ;

“ the United States sanctions laws relating to Iran ” means the laws of the United States of America specified in the Annex to Council Regulation (EC) No 2271/96 of 22 November 1996 protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom that relate to Iran as follows—

the Iran Sanctions Act of 1996 ;

the Iran Freedom and Counter-Proliferation Act of 2012 ;

section 1245 of the National Defense Authorization Act for Fiscal Year 2012 ;

section 2 and Titles I to VI of the Iran Threat Reduction and Syria Human Rights Act of 2012 to the extent it relates to Iran ; and

the Iranian Transactions and Sanctions Regulations .

“ the United States Cuban Assets Control Regulations ” means the Cuban Assets Control Regulations of the United States of America specified in the Annex to Council Regulation (EC) No 2271/96 of 22 November 1996 protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom;

Section 3 Authorisation to comply with relevant law

A person specified under the column headed “Authorised Person” in the Table in the Schedule is, for the purpose specified under the column headed “Authorised Purpose” in the same row in the Table in the Schedule, authorised to comply with any requirement or prohibition based on or resulting, directly or indirectly, from a law specified under the column headed “Relevant Law” in the same row in the Table in the Schedule, or from actions based thereon or resulting therefrom.

Section 4 Authorisation to comply with the laws relating to Iran

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