To ask the Chancellor of the Exchequer, what the cost to the public purse was of his Department's settlement with Bank Mellat; whether that money has been paid to Bank Mellat; and whether a Treasury licence was granted to make that payment.

To ask the Chancellor of the Exchequer, what the cost to the public purse was of his Department's settlement with Bank Mellat; whether that money has been paid to Bank Mellat; and whether a Treasury licence was granted to make that payment.

To ask the Chancellor of the Exchequer, if he will publish (a) the amount paid to Bank Mellat to settle their recent lawsuit against the Government and (b) how much the Government spent on defending the claim.

To ask the Chancellor of the Exchequer, if he will publish (a) the amount paid to Bank Mellat to settle their recent lawsuit against the Government and (b) how much the Government spent on defending the claim.

This report sets out details of the Treasury's exercise during the calendar year 2010 of their functions under schedule 7 to the Counter-Terrorism Act 2008. Paragraph 38 of schedule 7 requires the Treasury to report to Parliament after each calendar year in which a direction under the powers is at...

This report sets out details of the Treasury's exercise during the calendar year 2010 of their functions under schedule 7 to the Counter-Terrorism Act 2008. Paragraph 38 of schedule 7 requires the Treasury to report to Parliament after each calendar year in which a direction under the powers is at...

My honourable friend the Financial Secretary has today issued the following Written Ministerial Statement. This report sets out details of the Treasury’s exercise during the calendar year 2010 of its functions under Schedule 7 to the Counter-Terrorism Act 2008. Paragraph 38 of Schedule 7 requires the Treasury to report to...

My honourable friend the Financial Secretary has today issued the following Written Ministerial Statement. This report sets out details of the Treasury’s exercise during the calendar year 2010 of its functions under Schedule 7 to the Counter-Terrorism Act 2008. Paragraph 38 of Schedule 7 requires the Treasury to report to...

My honourable friend the Exchequer Secretary to the Treasury (Sarah McCarthy-Fry) has made the following Written Ministerial Statement. As outlined in Schedule 7 to the Counter-Terrorism Act 2008, the Treasury has undertaken to report to Parliament following the end of each calendar year in which a direction under the powers...

My honourable friend the Exchequer Secretary to the Treasury (Sarah McCarthy-Fry) has made the following Written Ministerial Statement. As outlined in Schedule 7 to the Counter-Terrorism Act 2008, the Treasury has undertaken to report to Parliament following the end of each calendar year in which a direction under the powers...

As outlined in schedule 7 to the Counter-terrorism Act 2008, the Treasury has undertaken to report to Parliament following the end of each calendar year in which a direction under the powers has been issued. This is the first of these reports, and covers the 2009 calendar year. The Schedule...

As outlined in schedule 7 to the Counter-terrorism Act 2008, the Treasury has undertaken to report to Parliament following the end of each calendar year in which a direction under the powers has been issued. This is the first of these reports, and covers the 2009 calendar year. The Schedule...

To ask the Chancellor of the Exchequer pursuant to the written ministerial statement of 12 October 2009, Official Report, columns 1-2WS, on delegated legislation (counter-terrorism), to which UN-listed organisations Bank Mellat has provided services; what indications his Department gave to Bank Mellat of its concerns prior to 12 October 2009;...

To ask the Chancellor of the Exchequer pursuant to the written ministerial statement of 12 October 2009, Official Report, columns 1-2WS, on delegated legislation (counter-terrorism), to which UN-listed organisations Bank Mellat has provided services; what indications his Department gave to Bank Mellat of its concerns prior to 12 October 2009;...

That the Grand Committee do report to the House that is has considered the Financial Restrictions (Iran) Order 2009. Relevant Document: 22nd Report from the Joint Committee on Statutory Instruments.

That the Grand Committee do report to the House that is has considered the Financial Restrictions (Iran) Order 2009. Relevant Document: 22nd Report from the Joint Committee on Statutory Instruments.

On 12 October, Her Majesty’s Treasury laid before Parliament the Financial Restrictions (Iran) Order 2009 under its powers in Schedule 7 to the Counter-Terrorism Act 2008. This order contained a direction to the financial sector requiring it to cease all business with two Iranian entities—Bank Mellat and the Islamic Republic...

On 12 October, Her Majesty’s Treasury laid before Parliament the Financial Restrictions (Iran) Order 2009 under its powers in Schedule 7 to the Counter-Terrorism Act 2008. This order contained a direction to the financial sector requiring it to cease all business with two Iranian entities—Bank Mellat and the Islamic Republic...

Bless you.

Bless you.

I think that the Minister said that 17 licences had been granted. Does that mean 17 applications or 17 licences granted? I believe that the Committee in another place was told last week that two temporary licences had been granted out of a total of 17 applications. It is interesting...

I think that the Minister said that 17 licences had been granted. Does that mean 17 applications or 17 licences granted? I believe that the Committee in another place was told last week that two temporary licences had been granted out of a total of 17 applications. It is interesting...

My Lords, I am grateful to the Minister for explaining the background to the order. We agree with the Government that sanctions of this kind are worth while in attempting to rein in Iran’s nuclear proliferation activities. Whether they have an impact on Iran’s nuclear ambitions more generally is rather...

My Lords, I am grateful to the Minister for explaining the background to the order. We agree with the Government that sanctions of this kind are worth while in attempting to rein in Iran’s nuclear proliferation activities. Whether they have an impact on Iran’s nuclear ambitions more generally is rather...

My Lords, this has been an interesting and informative debate. I thank all noble Lords for their attendance and questions today. I hope that all noble Lords will agree that the decision to issue this direction is a proportionate and reasonable response to the threat of proliferation and that this...

My Lords, this has been an interesting and informative debate. I thank all noble Lords for their attendance and questions today. I hope that all noble Lords will agree that the decision to issue this direction is a proportionate and reasonable response to the threat of proliferation and that this...

I hope that Hansard caught that: it might be the highlight of my parliamentary career as far as the noble Baroness is concerned. All the Crown dependencies and overseas territories have recognised the importance of tackling these risks and have made progress in this regard. I am pleased to report...

I hope that Hansard caught that: it might be the highlight of my parliamentary career as far as the noble Baroness is concerned. All the Crown dependencies and overseas territories have recognised the importance of tackling these risks and have made progress in this regard. I am pleased to report...

My Lords, I thank the Minister for introducing the order. I should state at the outset that we support the Government in their endeavour to impair the ability of Iran to pursue its dangerous nuclear and ballistic missile programmes. I start with some of the background to the order. My...

My Lords, I thank the Minister for introducing the order. I should state at the outset that we support the Government in their endeavour to impair the ability of Iran to pursue its dangerous nuclear and ballistic missile programmes. I start with some of the background to the order. My...

Seventeen applications were received; two further applications have been received since. It is not possible, as I was saying, to place a value on these transactions. The noble Baroness also asked about subsidiaries of Bank Mellat and IRISL. The powers under which the direction was made address specific risks to...

Seventeen applications were received; two further applications have been received since. It is not possible, as I was saying, to place a value on these transactions. The noble Baroness also asked about subsidiaries of Bank Mellat and IRISL. The powers under which the direction was made address specific risks to...

Financial Restrictions (Iran) Order 2009 (SI 2009/2725). Lords debate on a motion to consider. Agreed to on question. Grand Committee held in the Moses Room.

Financial Restrictions (Iran) Order 2009 (SI 2009/2725). Lords debate on a motion to consider. Agreed to on question. Grand Committee held in the Moses Room.

Letter dated 01/11/2009 from Sarah McCarthy MP to Mark Hoban MP regarding the Financial Restrictions (Iran) Order 2009. 2 p.

Letter dated 01/11/2009 from Sarah McCarthy MP to Mark Hoban MP regarding the Financial Restrictions (Iran) Order 2009. 2 p.

SI 2009/2725. Considered by Delegated Legislation Committee.

SI 2009/2725. Considered by Delegated Legislation Committee.

My honourable friend the Exchequer Secretary to the Treasury (Sarah McCarthy-Fry) has made the following Written Ministerial Statement. The Government have today laid before the House a Statutory Instrument under the Counter-Terrorism Act 2008 containing a direction requiring the UK financial services sector to cease all business with the Iranian...

My honourable friend the Exchequer Secretary to the Treasury (Sarah McCarthy-Fry) has made the following Written Ministerial Statement. The Government have today laid before the House a Statutory Instrument under the Counter-Terrorism Act 2008 containing a direction requiring the UK financial services sector to cease all business with the Iranian...