SCHEDULES
SCHEDULE 5Treasury licences: purposes
PART 1Asset-freeze etc.
Interpretation F2of Part 1I11
In this Part of this Schedule—
“designated person” has the same meaning as it has in Chapter 1 of Part 3 (F1Asset-freeze etc.);
“frozen funds or economic resources” means funds or economic resources frozen by virtue of regulation 11, and any reference to a person's frozen funds or economic resources is to funds or economic resources frozen as a consequence of the designation of that person for the purpose of that regulation.