In Regulation (EU) No 267/2012, the following Articles are inserted:
Notwithstanding other provisions of this Regulation, the competent authorities may authorise the supply, sale, or transfer of items, materials, equipment, goods and technology, and the provision of any related technical assistance, training, financial assistance, investment, brokering or other services where they consider them to be directly related to:
the modification of two cascades at the Fordow facility for stable isotope production;
the export of Iran's enriched uranium in excess of 300 kilograms in return for natural uranium; or
the modernisation of the Arak reactor based on the agreed conceptual design and, subsequently, on the agreed final design of such reactor.
2.The competent authority granting an authorisation in accordance with paragraph 1 shall ensure that:
all activities are undertaken strictly in accordance with the Joint Comprehensive Plan of Action of 14 July 2015 (“JCPOA”);
the requirements, as appropriate, specified in subparagraph 22(c) of UNSCR 2231 (2015) have been met; and
it has obtained and is in a position to exercise effectively a right to verify the end-use and end-use location of any supplied item.
3.The Member State concerned shall notify:
the Sanctions Committee and, when constituted, the Joint Commission, as appropriate, 10 days before granting the authorisation;
the IAEA within 10 days of the supply, sale or transfer, in the case of supplied items, materials, equipment, goods and technology specified in subparagraph 22(e) of UNSCR 2231 (2015).
4.The Member State concerned shall notify the other Member States and the Commission of its intention to grant an authorisation under this Article at least 10 days prior to the authorisation.
Notwithstanding other provisions of this Regulation, the competent authorities may authorise, on a case-by-case basis, transfers and activities, in so far as necessary for their execution, that are:
directly related to the implementation of the nuclear-related actions specified in paragraphs 15.1 to 15.11 of Annex V to the JCPOA;
required for preparation for the implementation of the JCPOA; or
determined by the Sanctions Committee, as appropriate, to be consistent with the objectives of UNSCR 2231 (2015).
2.The Member State concerned shall, as appropriate, submit the proposed authorisations to the Sanctions Committee for approval.
3.The Member State concerned shall notify the other Member States and the Commission of its intention to grant an authorisation under this Article at least 10 days prior to the authorisation.’.