SCHEDULES

SCHEDULE 3Treasury licences: purposes

F1PART 1Asset-freeze etc.

Annotations:
Amendments (Textual)

F2Prior obligationsI1I29

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.