PART 1Freezing funds etc.

Credits to a frozen account5.

(1)

Nothing in article 4 prevents a person from crediting 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 before the account became a frozen account.

(2)

Nothing in article 4 prevents a relevant institution from crediting a frozen account where it receives funds transferred to the account.