Implementation Day               Occurred on 16 January 2016

Preconditions: the IAEA has confirmed that Iran has complied with paragraphs 15.1-15.11 of annex V of the Joint Comprehensive Plan of Action.

Preconditions: Iran, in collaboration with the IAEA, will implement the conversion, dismantling and storage regiments pertaining to the Arak Heavy Water Research Reactor, the Heavy Water Production Plant, its overall enrichment capacity, centrifuge research and development, the Fordow fuel enrichment plant, other aspects of its enrichment program, its management of uranium stocks and fuels, its centrifuge manufacturing, and centrifuge component manufacturing transparency as well as modalities and facilities-specific arrangements to allow the IAEA to implement all transparency measures provided for in Annex I of the JCPOA, and in the Additional Protocol and Modified Code 3.1. Additionally, Iran will have completed certain dismantling measures on the Fordow Fuel Enrichment Plant within one year of Implementation Day.

Unwinding of sanctions:

  1. The EU will terminate prohibitions (as described in Council Regulation (EU) No 267/2012 ) on the following:

– trade in certain nuclear dual-use goods and technology (described below);

– trade in key equipment and technology for the petrochemical industry;

– import, purchase or transport of Iranian crude oil and petroleum products;

– import of Iranian crude oil, petroleum products and petrochemical products;

– investment in the petrochemical industry;

– trade in gold, precious metals and diamonds with the Government of Iran;

– delivery of newly printed banknotes and coinage to or for the benefit of the Central Bank of Iran.

  1. The EU will, concurrently with the dismantling of the specific sanctions measures, remove individuals and entities under “EU Designations”.
  1. The application of US sanctions will cease – with the exception of Section 211(a) of the Iran Threat Reduction and Syria Human Rights Act of 2012 (TRA) – with respect to:

– financial and banking measures;

– the Iranian Rial;

– provision of US banknotes to the Government of Iran;

– bilateral trade limitations and transfers of Iranian revenues held abroad;

– associated services of the measures above (intermediary services); and

– trade with software and metals as relevant to the JCPOA.

  1. The US, concurrently with the dismantling of the specific sanctions measures, will remove individuals and entities under “US Designations”.
  1. The EU and the US will amend laws and regulations to reflect the unwinding of the above referenced sanctions provisions.
  1. The UN Security Council will terminate the embargo provisions of UN Resolutions 1696 (2006), 1737 (2006), 1747 (2007), 1803 (2008), 1929 (2010) and commence allowing exemptions to facilitate the conversion of Iran’s nuclear facilities to peaceful purposes. Certain individuals and entities designated for a UN asset freeze and travel ban will be delisted.
  1. States may now permit the supply, sale or transfer, subject to case-by-case approval by the Security Council, for a time period ending 10 years after Adoption Day (18 October 2025) or earlier, of proliferation sensitive items listed in Nuclear Material, Equipment and Technology and of Nuclear-related Dual-use Equipment, Materials, Software and Related Technology , the Ballistic missile technology control list, or any revised versions of these lists, if the IAEA issues a “Broader Conclusion” (technical term used in the JCPOA). States may also permit the provision to Iran of any technical, manufacturing, financial and transfer assistance and services related to these items, as well as acquisitions related to interests in uranium mining and related operations.
  1. States may now permit the supply, sale or transfer to and from Iran, subject to case-by-case approval by the Security Council during a time period ending five years after Adoption Day or earlier, if the IAEA issues a “Broader Conclusion”, of “battle tanks, armored combat vehicles, large caliber artillery systems, combat aircraft, attack helicopters, warships, missiles or missile systems, as defined for the purposes of the United Nations Register of Conventional Arms, or related material, including spare parts, and the provision to Iran of technical training, financial resources or services, advice, other services or assistance related to the supply, sale, transfer, manufacture, maintenance, or use of arms and related materiel”

Delisting from the UN Travel Ban                                                      (Definition: 5 years after Adoption Day or earlier, when IAEA reports its Broader                                                                                                                            Conclusion that all nuclear material in Iran remains in peaceful activities)

Delisting of all individuals designated under the UN Travel Ban on Iran