1.By way of derogation from Article 5(4), the competent authorities of the Member States, as indicated on the websites listed in Annex IV, may authorise the release of certain frozen funds or economic resources, provided that:
(a)the funds or economic resources are used for one or more of the following purposes:
humanitarian needs;
fuel, electricity and water for strictly civilian uses;
resuming Libyan production and sale of hydrocarbons;
establishing, operating, or strengthening institutions of civilian government and civilian public infrastructure; or
facilitating the resumption of banking sector operations, including to support or facilitate international trade with Libya;
(b)the Member State concerned has notified to the Sanctions Committee its intention to authorise access to funds or economic resources, and the Sanctions Committee has not objected within five working days of such a notification;
(c)the Member State concerned has notified the Sanctions Committee that those funds or economic resources shall not be made available to or for the benefit of any person, entity or body listed in Annex II or III;
(d)the Member State concerned has consulted in advance with the Libyan authorities about the use of such funds or economic resources; and
(e)the Member State concerned has shared with the Libyan authorities the notifications submitted pursuant to points (b) and (c) of this paragraph and the Libyan authorities have not objected within five working days to the release of such funds or economic resources.
2.By way of derogation from Article 5(4) and provided that a payment is due under a contract or agreement that was concluded by, or an obligation that arose for, the person, entity or body concerned, before the date on which that person, entity or body had been designated by the Security Council or the Sanctions Committee, the competent authorities of the Member States, as indicated on the websites listed in Annex IV, may authorise, under such conditions as they deem appropriate, the release of certain frozen funds or economic resources, if the following conditions are met:
(a)the competent authority concerned has determined that the payment is not in breach of Article 5(2) nor is it for the benefit of an entity referred to in Article 5(4);
(b)the Sanctions Committee has been notified by the relevant Member State of the intention to grant an authorisation ten working days in advance.