11.—(1) A person is not guilty of an offence under article 9 or 10 if he credits a frozen account with:
(a)interest or other earnings due on the account; or
(b)payments due under contracts, agreements or obligations that were concluded or arose prior to the first date on which the account became subject to a direction under article 8 of the 2004 Order or became a frozen account under this Order.
(2) It is not an offence under article 10 for a relevant institution to credit a frozen account where it receives funds transferred by a third party to a frozen account under this Order.
(3) Article 9 applies to any funds credited to a frozen account in accordance with this article.
(4) In this article: “frozen account” means an account with a relevant institution which is held or controlled by a listed person.
(5) In this article: “third party” means a person other than the account holder or the relevant institution with which the account is maintained.