(1)

On 23 March 2012, the Council adopted Regulation (EU) No 267/2012.

(2)

On 14 July 2015, China, France, Germany, the Russian Federation, the United Kingdom and the United States, supported by the High Representative of the Union for Foreign Affairs and Security Policy, reached an agreement with Iran on a long-term comprehensive solution to the Iranian nuclear issue. The successful implementation of the Joint Comprehensive Plan of Action (JCPOA) will ensure the exclusively peaceful nature of the Iranian nuclear programme and provide for the comprehensive lifting of all nuclear-related sanctions.

(3)

On 20 July 2015, the United Nations Security Council adopted Resolution (UNSCR) 2231 (2015) endorsing the JCPOA, urging its full implementation in accordance with the timetable established in the JCPOA and providing for actions to take place in accordance with the JCPOA.

(4)

The JCPOA, as endorsed by UNSCR 2231 (2015), provides in particular that the Union is to remove the restrictive measures in place against certain persons and entities on ‘Transition Day’ (18 October 2023), which is the date eight years after ‘Adoption Day’ (18 October 2015), or at an earlier moment on the basis of a report from the Director-General of the International Atomic Energy Agency (IAEA) to the IAEA Board of Governors and in parallel to the UN Security Council stating that the IAEA has concluded that all nuclear material in Iran remains in peaceful activities (‘Broader Conclusion’).

(5)

The Council has reviewed the statement of reasons concerning one entity which is to be subject to restrictive measures until Transition Day and decided that it should be supplemented.

(6)

The entry in the Annex to this Regulation should apply until 22 October 2016.

(7)

Regulation (EU) No 267/2012 should therefore be amended accordingly,