The Democratic Republic of the Congo (Sanctions) (EU Exit) Regulations 2019 No. 433

SCHEDULE 2 U.K. Treasury licences: purposes

PART 3 U.K. Purposes relating only to non-UN designated persons

Prior obligations U.K.

9.  To enable, by the use of a designated person's frozen funds or economic resources, the satisfaction of an obligation of that person (whether arising under a contract, other agreement or otherwise), provided that—

(a) the obligation arose before the date on which the person became a designated person, and

(b) no payments are made to another designated person, whether directly or indirectly.

Commencement Information

I1 Sch. 2 para. 9 not in force at made date, see reg. 1(2)

I2 Sch. 2 para. 9 in force at 31.12.2020 by S.I. 2019/627, reg. 5(2); 2020 c. 1, Sch. 5 para. 1(1)